Settlement Checks In ERISA Suit To Be Reissued; Unclaimed Funds To Be Distributed

Mealey's (August 10, 2020, 11:59 AM EDT) -- PHILADELPHIA — A federal judge in Pennsylvania on Aug. 6 granted plaintiffs' motion to reissue five settlement checks and to distribute the remaining unclaimed funds to two nonprofits that could use the funds for purposes related to a class action lawsuit settlement involving a life insurer that allegedly breached its fiduciary duty under the Employee Retirement Income Security Act by failing to make lump sum payments to beneficiaries (Clark R. Huffman, et al. v. Prudential Insurance Company of America, No. 10cv5135, E.D. Pa., 2020 U.S. Dist. LEXIS 140539)....