Bacchi v. Massachusetts Mutual Life Insurance Company

Case # 12-cv-11280
Case Name Bacchi v. Massachusetts Mutual Life Insurance Company
Jurisdiction US District Court for MA
Summary

Plaintiffs allege that Massachusetts Mutual Life Insurance improperly manipulated and disguised its finances in an attempt to avoid paying policyholders the dividends to which they are entitled. 

Final Approval Date 11/08/2017
Result
  1. Final Approval granted.
  2. All objections were overruled.
  3. Objectors Tucker and Vitale appealed the Final Approval.
  4. Class counsel motioned for an appeal bond of $311,175, which was GRANTED by the Court.
    • The Court noted that such an appeal bond would balance "the competing public policy interest of access to the appellate process against the concern that an appeal of questionable merit will hold up the disbursement of a settlement not objected to by the vast majority of the class members" (see Docket Entry 326, emphasis added)
  5. Objector-Appellants Tucker and Vitale voluntarily withdrew their appeals without posting the appeal bond.
Dismissal of Last Appeal 03/29/2018
Attachments Docket Report.pdf
First Amended Class Action Complaint.pdf
Preliminary Approval Order.pdf
Final Approval Order.pdf
Motion for Appeal Bond.pdf
Memorandum in Support of Motion for Appeal Bond.pdf
Declaration in Support of Motion for Appeal Bond.pdf
Reply in Support of Motion for Appeal Bond.pdf
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Objection of Caroline Tucker

Objectors Caroline Tucker
Signers Caroline Tucker
Attorneys Elaine W. Sharp
Mardi Harrison
Summary
  1. Financial compensation is inadequate.
  2. Release is overbroad.
  3. Intra-class conflict leads to inadequate representation.
  4. Attorneys' fees are excessive.
  5. Attorneys' expenses are excessive.
Attachments Objection of Caroline Tucker.pdf
Sharp Appearance for Objector Tucker.pdf
Harrison Appearance for Objector Tucker.pdf
Appeal of Objector Tucker.pdf
Tucker Response to Motion for Appeal Bond.pdf
Appeal of Objector Tucker (Appeal Bond).pdf
Dismissal of Tucker Appeal.pdf
Tucker Appeal Docket.pdf
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Objection of Francis Vitale

Objectors Francis Vitale
Signers Francis Vitale
Attorneys
Summary
  1. Relief is inadequate.
  2. Pro rata formula included dividends that will not be distributed, due to administrative costs.
  3. Settlement does not compensate class members for lost interest.
  4. Attorneys' fees are excessive.
Attachments Objection of Francis Vitale.pdf
Appeal of Objector Vitale.pdf
Vitale Response to Motion for Appeal Bond.pdf
Dismissal of Vitale Appeal.pdf
Vitale Appeal Docket.pdf
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Objection of Gregory N. Woods

Objectors Gregory N. Woods
Signers Gregory N. Woods
Attorneys
Summary
  1. Financial relief is inadequate.
  2. Injunctive relief is illusory.
  3. Attorneys' fees are excessive.
Attachments Objection of Gregory N. Woods.pdf
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Objection of Patrick Sweeney

Objectors Patrick Sweeney
Signers
Attorneys
Summary

Though he did not object, Patrick Sweeney wrote a letter to the Court alleging that he is a class member and that he failed to receive notice of the settlement.

Attachments Letter from Patrick Sweeney.pdf
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