Fiala v. Metropolitan Life Insurance
New York Supreme Court
1Opinion of the Court
OPINION OF THE COURT
Shirley Werner Kornreich, J.
This action and a related case in the federal court, In re MetLife Demutualization Litig. (US Dist Ct, ED NY, 00 CV 2258, Weinstein, J.), are class actions arising from the April 2000 conversion of Metropolitan Life Insurance Company (Metlife) from a mutual insurance company to a stock corporation (demutualization), pursuant to Insurance Law § 7312. The New York class consists of all eligible policyholders of Metlife who owned insurance policies as of September 28, 1999. Metlife, its officers, directors and affiliates were excluded from the…
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