AME Church Retirement Plan Litigation Against Symetra
Symetra · AME Church ministerial retirement plan and Symetra annuities · Settlement Reached
About this case
Retired beneficiaries of the African Methodist Episcopal Church ministerial retirement plan alleged that Symetra Life Insurance Company facilitated withdrawals, invested funds in low-performing annuities, and paid kickbacks to former plan administrator Jerome Harris, contributing to losses from the plan. A federal judge approved a proposed $44.4 million settlement with Symetra; the broader litigation also includes previously settled claims against Newport Group and the AME Church and claims against Harris's estate.
Case overview
- Defendant company
- Symetra
- Product or service
- AME Church ministerial retirement plan and Symetra annuities
- Court case number
- 1:22-md-03035-STA-jay
- Case status
- Settlement Reached
- Lawsuit type
- Consumer
- Reported harm
- Misrepresentation
Participation information
Availability is based on each listed participation option and its deadline.
Settlement Claim
- Type
- Settlement Claim
- Status
- Unknown
- Total settlement amount
- $44,400,000
This information does not determine whether you qualify for a case.
Sources
Public reporting associated with this case.
- AME Church Retirement Plan Litigation Against Symetra
The Tennessean ·