Faber v. Metropolitan Life Insurance
Court of Appeals for the Second Circuit
1Opinion of the Court
B.D. PARKER, JR., Circuit Judge:
Plaintiffs-Appellants Carol D. Faber and the Estate of Russell E. Young (the “Estate”) appeal from a judgment of the United States District Court for the Southern District of New York (Baer, J.) dismissing their class-action complaint, which asserts a single claim against Defendants Appellee Metropolitan Life Insurance Company (“MetLife”) under the Employee Retirement Income Security Act of 1974 (“ERISA”), 29 U.S.C. § 1001 et seq. Plaintiffs allege that through the use of “retained asset accounts” (“RAAs”), Met-Life breached fiduciary duties imposed by ERISA by…
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