On September 25, 2024, in Knudsen v. MetLife Group Inc., the Third Circuit Court of Appeals (Third Circuit) affirmed the dismissal of a putative class action lawsuit claiming ERISA violations by defendant MetLife for its retention of prescription drug plan rebates. The Third Circuit found that the plaintiffs, who were former MetLife employees, had failed to allege the necessary financial harm to establish standing as required under Article III of the US Constitution.
In Knudsen, MetLife was the