Our firm acted in the role of claimants’ representative as part of the massive settlement involving sales practices of life insurance policies sold by Prudential Insurance Company. Under the terms of the over $4 billion settlement, individual policyholders were accorded the right to have an individual determination of their remedies.
Our firm and one other were appointed as claimant representatives. We handled over 55,000 arbitration-like proceedings in an eighteen-month period and recovered hundreds of millions of dollars on behalf of policyholders.