Monday, March 28, 2011

more on SGLI v Pru

Lucey v Prudential made it to the next round as the court took a step in the right direction and recognized it as a valid class action.  In the logic of business, Prudential probably believes it makes more sense to to fight than to admit to rapacity, but in all other universes, they're on ground about as solid as that of Japan's nuclear plants.  I assume the Lucey et al lawyers are hoping for negotiations and maybe they're already underway.

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