MetLife (FEGLI Litigation)
Goldenberg Schneider, serving as Co-Lead Class Counsel, successfully certified a nationwide class against MetLife for the benefit of beneficiaries of the Federal Employees Group Life Insurance (“FEGLI”) Program – the largest group life insurance program in the world. Plaintiffs alleged that MetLife failed to pay sufficient interest on life insurance policy proceeds as required by the terms of the policy. On October 17, 2012, U.S. District Court Judge Sandra S. Beckwith granted final approval to an $11.5 million settlement in the case. In December 2013, the last remaining $2.3 million of unclaimed settlement funds was awarded to the Federal Employee Education and Assistance Fund through a Cy Pres distribution to promote the interests of the class members. The Federal Employee Education & Assistance Fund is a non-profit organization that offers college scholarships, emergency assistance, and childcare subsidies to civilian federal and postal employees.