Parties Square Off In New York Federal Court Over Mortality Tables

Mealey's (June 18, 2019, 12:13 PM EDT) -- NEW YORK — In a June 13 memorandum of law in support of their motion to dismiss, the Metropolitan Life Insurance Company Employee Benefits Committee and its individual members (defendants, collectively) assert that an amended complaint by two retirees fails to state a claim for relief because the use of an older mortality assumption “actually works to the benefit of many participants” (William Masten, et al. v. Metropolitan Life Insurance Company, et al., No. 18-11229, S.D. N.Y.)....