09222017Fri
Last updateSun, 17 Sep 2017 2am
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Uh, Oh: HHS nominee Burwell entangled in MetLife lawsuit; signed 'misstatements'

The Washington Times:

Sylvia Mathews Burwell, President Obama’s nominee to lead the country’s health care overhaul, remains entangled in a lawsuit brought by shareholders of MetLife accusing her of misleading investors as a director of one of the country’s biggest insurance companies.

The federal lawsuit, filed in New York, says the company used a Social Security death index to stop making payments when beneficiaries died, but the company wasn’t as diligent about using the database to track deaths of its policyholders, which triggers payouts, the lawsuit said.

Last year, a judge refused to toss a federal lawsuit against the company, including claims against Ms. Burwell and other directors, ruling that they “were board members and signed various financial statements and registration statements that contained the alleged misstatements.”

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-- Thomas Jefferson

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