Purported Plaintiff Class Files Amended Complaint In New York ERISA Case

(April 2, 2019, 2:30 PM EDT) -- NEW YORK — In a March 26 corrected amended complaint filed in New York federal court, two plaintiffs argue that an “unreasonable” reliance by a retirement plan on outdated mortality rates and actuarial assumptions has resulted in a reduction in the value of their vested retirement benefits (William Masten, et al., v. Metropolitan Life Insurance Company, et al., No. 18-11229, S.D. N.Y.)....

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