Judge OKs $100M AMP class action settlement, denies ATE insurance deduction

Class Actions 2024-09-10 1:31 pm By Christine Caulfield

A $100 million settlement by AMP in a class action by financial planners over the wealth manager’s buyer of last resort policy has been given the OK, but the litigation funder won’t be reimbursed for $2.6 million in insurance and administrative costs.