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February 06, 2007 at 12:29 PM
Lawyers are trying to organize a class-action suit in connection with allegations that a company used what seemed to be an independent financial advice operation to push its own products.
Lawyers at Federman & Sherwood, Oklahoma City, Okla., and Behlen, Bentwood & Luther, Oklahoma City, are seeking class-action status for a complaint filed in the U.S. District Court for the Western District of Oklahoma on behalf of Robert Thomas and other consumers who bought proprietary products from the defendants between January 1998 and June 2004.
The defendants are Metropolitan Life Insurance Company, MetLife Securities Inc. and MetLife Investment Advisors Company L.L.C., affiliates of MetLife Inc., New York.
“We’re just going through [the complaint] now,” MetLife spokesman Holly Sheffer says.
