United States District Court for the District of Massachusetts
If you are or were the owner of a participating policy of the Massachusetts Mutual Life Insurance Company at any time between January 1, 2001 and December 31, 2016, inclusive, you are a part of a class action settlement.
PLEASE READ THIS NOTICE CAREFULLY
THIS NOTICE RELATES TO THE PENDENCY OF A CLASS ACTION LAWSUIT AND, IF YOU ARE A SETTLEMENT CLASS MEMBER, CONTAINS IMPORTANT INFORMATION, INCLUDING ABOUT YOUR RIGHTS TO OBJECT TO THE SETTLEMENT
A Federal Court authorized this notice. You are not being sued.
This is not a solicitation from a lawyer.
- A settlement has been reached in a class action lawsuit against Massachusetts Mutual Life Insurance Company (“MassMutual”). The class action lawsuit challenges whether MassMutual correctly calculated its compliance with the limitation on retained surplus set forth in Section 141 of Chapter 175 of the General Laws of Massachusetts.
- You are included in the settlement if you were a participating policyholder of MassMutual at any time between January 1, 2001 and December 31, 2016, inclusive (the “Settlement Class Period”), whether or not you received a dividend during that period.
- MassMutual has agreed to pay a settlement fund totaling $37.5 million. Members of the Settlement Class with policies that received an annual dividend during the Settlement Class Period are eligible to receive a pro rata share of a settlement fund remaining after payment of any attorneys’ fees and expenses the Court awards to Plaintiff’s lawyers and any service award to Plaintiff. The amount of each Class Member’s payment is based on annual dividends paid on each participating policy they own as a pro rata share of the total amount of annual dividends MassMutual paid on all participating policies issued during the Settlement Class Period. However, if your MassMutual policy or policies are not in force and your pro rata share of the settlement fund would be less than $1.00 you will not receive a payment.
- Please read this notice carefully. Your legal rights are affected whether you act, or don’t act.
|THIS TABLE CONTAINS A SUMMARY OF YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT|
|EXCLUDE YOURSELF BY JULY 3, 2017||You will receive no benefits under the settlement, but you will retain any rights you currently have to pursue claims against MassMutual about the allegations in this case.|
|OBJECT BY JULY 3, 2017||Write to the Court if you don’t like the settlement to explain why you object.|
|ATTEND A HEARING||Ask to speak in Court about the fairness of the settlement.|
|DO NOTHING||You will get your share of the settlement benefits to which you are entitled and will give up your rights to sue MassMutual about the allegations in this case.|
Click here to view a full copy of this Notice.