Litigation

Former structured settlement annuity issuer, Springfield, Mass.-based MassMutual announced November 7, 2008 it has no intention of participating in the US Treasury's TARP program.

"MassMutual is well positioned, and has the financial strength and capital necessary to meet the needs of our policyholders and customers despite the current economic environment. For more than 155 years, MassMutual has maintained long-term focus, providing the strength and stability our policyholders expect. Our company is built on a reputation of financial strength, diversification and quality. Moreover, our mutual company structure enables us to manage with the long-term interests of our policyholders and customers in mind. Thus, we have not participated in any discussions directly with the Treasury, and we have no intention of participating in the Troubled Asset Relief Proposal (TARP) Capital Purchase Program".