Settlement Structure: Claims Made
Active: Closed
Closed Settlement Statement:
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.
Case Summary:Northwestern Mutual Life Insurance Company will be paying well over half a million dollars to settle a class action alleging that it charged some customers extra fees, depending on the way they chose to pay their monthly premiums. The complaint alleges this is a violation of New York law.
Docket Number:7:19-cv-07414-KMK
Company: Northwestern Mutual Life Insurance Company
Filing Deadline: November 20, 2020
Class Period: June 21, 2016 to May 28, 2020
Objection Deadline: August 3, 2020
Exclusion Deadline: August 3, 2020
Final Approval Hearing: October 6, 2020
Proof of Purchase:The claim form does not ask for proof, but does state that documentation may be required at a later date. Presumably company records will be used for verification. Persons who still have an active account with Northwestern do not need to fill out a claim form. Those who have closed their accounts with Northwestern must submit a claim form.
Eligibility:You may be eligible if you are a person with a New York mailing address and, between June 21, 2016 and May 28, 2020, Northwestern Mutual Life Insurance Company charged you an additional rate or fee or a different rate or fee depending on the method you chose for making payments.
Typical Settlement Amount:Those with active accounts will receive their payments as a credit to their accounts. Those who have closed their accounts will receive their payments in the form of a check. Both groups will receive pro rata shares of the net settlement fund.
Total Settlement Amount: $595,000
Class Representative Proposed Incentive Fee:Up to $5,000 each
Law Firm:
Bursor & Fisher
Claim Form: Insurance Service Charge Settlement Claim Form
Case Name: Russett, et al. v. Northwestern Mutual Life Insurance Company
Settlement Website: Insurance Service Charge Settlement Website
Claims Administrator:
JND Legal Administration
Insurance Service Charge Settlement
c/o JND Legal Administration
P.O. Box 91306
Seattle, WA 98111
info@InsuranceServiceChargeSettlement.com
1-833-928-2554