Class Action Filed Against Prudential

May 23, 2000

Three law firms have filed a nationwide class action against the Prudential Insurance Company of America and its health care subsidiaries that have recently been sold to Aetna.

The case, Romero v. Prudential Insurance Company, alleges that Prudential and its subsidiaries have systematically administered its managed care arrangements in ways that have denied promised medical help to its subscribers. What’s more, the lawsuit maintains that Prudential failed to disclose to its subscribers its use of restrictive policies and procedures, which cause care to be denied.

The lawsuit, brought by Cohen, Milstein, Hausfeld & Toll, Levin, Fishbein, Sedran & Berman and Lieff, Cabraser, Heimann & Bernstein, alleges breach of fiduciary duty and breach of contract under the Employee Retirement Income Security Act of 1974. The suit was filed in the U.S. District Court, Eastern District of Pennsylvania.

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