After an eight-week trial, the jury unanimously found that MetLife and two of its subsidiaries,
The jury found that MetLife allowed Russon to use insurance sales meetings with prospective customers of MetLife to promote investments in
On Wednesday, the jury awarded Ramirez
"I am so grateful to the jurors for seeing through MetLife's finger-pointing argument that they weren't responsible for the loss of my retirement savings," Ramirez said. "I am grateful to the judge who presided over my case, to my attorneys who doggedly pursued this case to a successful conclusion, and I am looking forward to the other investors in DLG getting their justice as well."
Ramirez is one of 98 DLG investors whose pursuit of a class-action case against MetLife was denied last year. Individual cases, however, were allowed to proceed and Ramirez's was the first to go to trial.
She was represented by
"Our client is finally getting the compensation she deserves for her lost savings," Donahoo said. "The peaceful retirement she worked so hard for was stolen from her."
Foley noted that the outcome of the Ramirez case bodes well for the firm's other clients who invested in DLG.
Testimony at the trial proved that Friedman and DLG were brought into the MetLife sales operation by Russon, who was owed
Ramirez's legal team successfully argued that MetLife was negligent in not adequately training and supervising its affiliates.
"The evidence we presented in this case clearly showed that MetLife was aware that the branch office run by
Ramirez was represented by
The case is Ramirez v. MetLife Inc. (Case No. BC576608) in
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