Courts Set Deadline for Objections to Fee Applications in Class Action Settlement

As previously noticed, on November 5, 2009, MetLife, Inc. and Metropolitan Life Insurance Company agreed, without admitting any liability, to settle two policyholder class actions regarding the demutualization that the company completed in April 2000. The attorneys for the plaintiff classes have applied to the courts for attorneys’ fees and litigation expenses, and some of the individual named plaintiffs have applied for incentive awards, to be paid from the previously announced proposed settlement fund.

Any objections to applications for attorneys’ fees, litigation expenses or incentive awards must be filed no later than February 5, 2010, with both the U.S. District Court Clerk, 225 Cadman Plaza East, Brooklyn, NY 11201, under the caption In re MetLife Demutualization Litigation, Docket No. 00-CV-2258 (JBW), and the New York Supreme Court Clerk, 60 Centre Street, New York, NY 10007, under the caption Fiala v. Metropolitan Life Insurance Company, Index No. 601181/2000 (Justice Kornreich). The federal and state courts will jointly hear argument on all applications for attorneys’ fees, expenses and incentive awards in the two class actions at 11:30 a.m. on February 9, 2010, in Courtroom 228 at the New York County Courthouse, 60 Centre Street, New York, NY 10007. Copies of the applications for attorneys’ fees, litigation expenses and incentive awards that have been submitted in both cases may be downloaded by registered users of the Public Access to Court Electronic Records (PACER) service from the federal court’s electronic filing system at ecf.nyed.uscourts.gov under Docket No. 00-CV-2258 or may be examined in the offices of the clerks of the respective federal and state courts at the addresses listed above.

MetLife, Inc. is a leading provider of insurance, employee benefits and financial services with operations throughout the United States and the Latin America, Europe and Asia Pacific regions. Through its subsidiaries and affiliates, MetLife, Inc. reaches more than 70 million customers around the world and MetLife is the largest life insurer in the United States (based on life insurance in-force). The MetLife companies offer life insurance, annuities, auto and home insurance, retail banking and other financial services to individuals, as well as group insurance and retirement & savings products and services to corporations and other institutions. For more information, visit www.metlife.com.

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