Ongoing class action lawsuit against Metropolitan Life Insurance Company (MetLife) alleging that MetLife' s financial sales representatives violated that fiduciary duty when they failed to disclose to clients certain conflicts of interest created by MetLife's commission structures, fees, job-retention policies and other incentives which gave MetLife representatives a reason, in dealing with individuals such as the plaintiffs, to think first of their own financial interest in maximizing their sales of MetLife's proprietary products.
Specifically, a MetLife financial advisor pushed upon the plaintiff a MetLife proprietary Flexible Premium Multifunded Life insurance policy for the purpose of gaining a larger commission rather than to provide to the plaintiffs the correct insurance and investment product.
Name (Stock Symbol)
Metropolitan Life Insurance Company
Metropolitan Life Insurance Company, also known as MetLife, provides insurance products.
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