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Violation Tracker Individual Record

Company: Massachusetts Mutual Life Insurance Company
Current Parent Company: Massachusetts Mutual Life Insurance
Penalty: $37,500,000
Year: 2017
Date: November 8, 2017
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: insurance violation
Violation Description: MassMutual agreed to pay over $37 million to settle allegations it improperly calculated dividends paid to policyholders.
Level of Government: federal
Action Type: private litigation
Court: District of Massachusetts
Civil or Criminal Case: civil
Case ID: 1:12cv11280
Case Name: Bacchi v. Massachusetts Mutual Life Insurance Company
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Massachusetts
Ownership Structure of Current Parent: mutual
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.