Life Insurance Class Settlement Denied Preliminary OK Over Attorney Fee Issue

Mealey's (January 14, 2022, 9:26 AM EST) -- NEW YORK — Citing deficiencies including inadequate description of “the maximum amount of attorney’s fees that class counsel intends to seek,” a New York federal judge on Jan. 11 denied without prejudice a motion for preliminary approval of a class action settlement in a policyholder’s suit over a 2016 cost of insurance (COI) increase for life insurance....