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Article

Jorden Burt LLP | USA | 9 Aug 2011

Faber v. Metropolitan Life Insurance Company - MetLife's use of retained asset accounts is not a breach of fiduciary duty under ERISA

On August 5, 2011, the Second Circuit Court of Appeals issued its much-anticipated decision in Faber v. Metropolitan Life Insurance Co ., affirming the dismissal of the plaintiff's putative class action that alleged MetLife breached its ERISA fiduciary duties by distributing ERISA-governed life insurance benefits through Retained Asset Accounts.

Article

Jorden Burt LLP | USA | 22 Feb 2011

The Department of Labor provides the Second Circuit with its views regarding retained asset accounts

At the request of the Second Circuit Court of Appeals, the Department of Labor, on February 17, 2011, submitted a letter brief in the pending Faber v. Metropolitan Life Insurance Co. appeal.

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