Litigation
Mar. 2, 2011
$545 Million Settlement Gets Green Light
A judge has given his thumbs up to a $545 million settlement of a long-running insurance class action, rejecting a consumer advocacy group's argument that the deal shortchanges the class.
Daily Journal Staff Writer
LOS ANGELES - A judge has given his initial thumbs-up to a $545 million settlement of a long-running insurance class action, rejecting a consumer advocacy group's argument that the deal shortchanges the class.
The suit brought allegations that Farmers Group breached its fiduciary duties to millions of policyholders and violated California business code by tacking on unfair "management fees&q...
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