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VMFP Joins Lawsuit

UPDATED POST : VMFP withdraws from Lawsuit

ORIGINAL POST : Veterans and Military Families for Progress (VMFP) has agreed to serve as the organizational plaintiff in an action being brought against Prudential Insurance Company of America and Prudential Financial. Inc. due to the company’s handling of life insurance proceeds for fallen military service members and veterans. The law firm of Scott+Scott LLP filed the complaint in United States District Court, District of New Jersey.

“This case arises out of the predatory and unconscionable insurance practices Prudential uses to misappropriate hundreds of millions of dollars worth of life insurance proceeds that are properly due to the beneficiaries of fallen military service members and veterans,” states the preliminary statement in the filing.

This action seeks disgorgement of Prudential’s ill-gotten gains, restitution, damages, treble damages, exemplary damages, attorneys’ fees, costs and declaratory and injunctive relief against Prudential.

Securities Class Action Services 50 has ranked Scott+Scott LLP one of the top 20 plaintiff’s law firms in the United States. The firm is based in Colchester, CT, with additional offices in California, New York, and Ohio.

VMFP is an organization dedicated to ensuring that the rights and needs of veterans, active-duty service members and their families are understood by the American public, endorsed by our elected officials, and protected by legislation, regulation, and public policy initiatives.

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