Category Archives: MetLife Life Insurance

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Federal Judge Certifies Medtronic Infuse Shareholder Class Action Lawsuit

A shareholder lawsuit alleging Medtronic Inc. illegally promoted the off-label use of its Infuse bone growth product has been granted class action status by U.S. District Judge Paul Magnuson of Minnesota. According to a report from Law360.com, the Medtronic Infuse off-label promotion lawsuit was filed by several institutional investors on ...

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Canadian Study Confirms Actos Bladder Cancer Risk

A new study conducted by Canadian researchers has found that users of the type 2 diabetes drug, Actos (pioglitazone), may face a higher risk of developing bladder cancer than first thought. The study, published in the British Medical Journal, found that taking Actos for two years doubles the likelihood ...

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Medtronic Plans Layoffs, as Infuse Bone Graft Controversy Continues to Weigh on Spinal Business

Medtronic’s spinal division continues to take a huge hit thanks to the controversy surrounding its Infuse Bone Graft product. According to a report from MassDevice.com, the company’s latest earnings report stated that the division saw Infuse sales decline 26% in the first quarter of 2012, and now Medtronic is talking ...

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Scientist Calls for Federal Regulations for Fracking Pollution

Hydraulic fracturing (fracking) drilling should be governed by federal regulations because its pollution has no awareness of state boundaries.

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Actos, Avandia May Up Risk for Diabetic Macular Edema

A newly published study is raising concerns that patients who take Actos or Avandia may face an increased risk of developing diabetic macular edema, an eye disorder that can result in vision loss. The study, published in the Archives of Internal Medicine, found that type 2 diabetics who use thiazolidinediones, ...

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U.K. Regulators Issue Additional Guidance for Metal-on-Metal Hip Implant Recipients

Regulators in the U.K. are once again issuing advice to doctors and other healthcare professionals involved in the follow-up of patients with metal-on-metal hip replacement devices. In an alert issued by the Medicines and Healthcare products Regulatory Agency (MHRA), guidance is provided for four groups of metal-on-metal hip implant ...

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Lawsuit Alleges Bi-Lateral DePuy ASR Hip Implant Resulted in Elevated Chromium and Cobalt Levels, Need for Revision Surgery

DePuy Orthopaedics and its parent, Johnson & Johnson, continue to be named in lawsuits by metal-on-metal hip replacement recipients who suffered severe injuries, including elevated chromium and cobalt levels, allegedly due to recalled ASR hip implant devices. Most recently, the national law firm of Parker Waichman LLP filed suit on ...

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Three Injured, Long Island Railroad Train Hits Car on Tracks

Three Injured When Long Island Railroad Train Hits Car on Tracks

Three people, including a train engineer, were injured on Wednesday when a Long Island Rail Road train hit a livery cab on the tracks west of Wyandanch station, LIRR officials said. LIRR spokesman Salvatore Arena said the driver of the Lincoln Town Car was taken to Good Samaritan Hospital Medical Center ...

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Stryker Metal Hip Implant Component Recall Bad News for Makers of Metal-on-Metal Hip Replacement Devices

Stryker’s recent recall of two metal hip implant components, the Rejuvenate Modular and ABG II modular-neck hip stems, may have dealt a serious blow to one of the key arguments medical device manufacturers have made to defend their metal-on-metal hip replacements. Facing thousands of lawsuits, the makers of ...

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MetLife Settles With States Over Unclaimed Life Insurance Benefits

Life insurance giant, MetLife has settled with more than 30 states over unclaimed life insurance benefits, agreeing to pay close to $500 million. The states claim that MetLife never provided life insurance benefits to some policyholders, wrote Bloomberg Businessweek. MetLife … Continue reading

Posted in MetLife Life Insurance, Unpaid Life Insurance Death Benefits | Tagged |

MetLife Hit with Shareholder Lawsuit Over Unclaimed Death Benefit Policies

A MetLife shareholder has filed an investor class action lawsuit over the way the insurance company handles unclaimed death benefits. The lawsuit alleges that MetLife used the U.S. Social Security Administration’s “Death Master File” database to stop making annuity payments … Continue reading

Posted in MetLife Life Insurance, Unpaid Life Insurance Death Benefits |

Illinois Whistleblower Lawsuit Filed over MetLife, Prudential Unclaimed Life Insurance Benefits

A whistleblower lawsuit filed in an Illinois court claims insurers MetLife Inc. and Prudential Financial Inc. each knowingly committed “massive fraud” by failing to hand over unclaimed death benefits to the state’s abandoned property department. The lawsuit is the latest … Continue reading

Posted in Consumer Fraud, MetLife Life Insurance, Unpaid Life Insurance Death Benefits |

New York AG Investigating Life Insurance Death Benefit Payouts

The New York Attorney General has launched an investigation into the way life insurance companies identify deceased insured and pay death benefits. According to several media reports, New York Attorney General Eric Schneiderman last month sent subpoenas to nine companies … Continue reading

Posted in Insurance Fraud, MetLife Life Insurance |

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