Allstate Insurance Co. lost its bid to dismiss a putative class action challenging the insurance giant’s decision to terminate life insurance benefits it provides to retirees (Turner v. Allstate Ins. Co., M.D. Ala., No. …
In the wake of the historic August flood, there has been a renewed interest locally in the plight of flood victims of Superstorm Sandy, which ravaged the East Coast in 2012. Some four years later, thousands of homeowners there have yet to complete repairs to their property, and tens of millions of dollars have been spent on litigation that has brought to light evidence not only of mismanagement …
After weeks of testimony in the lawsuit against MetLife and its subsidiary, attorneys delivered their closing arguments and handed the case over to the jury for deliberation, rehashing the facts and pleading for justice. Christine Ramirez brought the suit to recover her life savings, which she invested in a real estate investment fund that promised high returns. She learned about …
A deal involving Michigan’s largest health insurance company and dozens of hospitals cost patients and businesses an extra $118 million, an expert estimates. But those insurance customers will likely get little to no compensation from the consequential settlements, Target 8 …
Megan van Ooyen is a senior associate business operations specialist in the OpRisk Global Data group at SAS in North Carolina It’s been two years since the peak of the regulatory fallout from residential mortgage-backed securities. Since then, regulatory fines and settlements, which tend to result in the largest operational risk losses for financial services firms, have largely settled down. …
“This case is the extraordinarily rare one in which Class Counsel both detected the wrong-doing and then single-handedly enforced the law,” said a leading national expert on class action law. Retained by class counsel to provide his opinion to the Court on counsel’s request for attorneys’ fees, he noted that …
Two months after the federal and state governments sued Carolinas HealthCare System over alleged antitrust violations, a San Francisco-based plaintiffs’ law firm has announced it’s looking for people who might have been harmed and could sue for related damages. In a notice on its website, the 65-lawyer firm of Lieff Cabraser Heimann & Bernstein says it’s investigating the Charlotte-based …
After the town’s vow to continue fighting to increase retiree health care premiums, Andover retirees have made one thing very clear — they’re not done fighting either. On Thursday, Andover retirees filed a class action lawsuit against the town of Andover, requesting that “all improper contributions which retirees have had to pay since July 1, 2016” are paid back. The lawsuit comes …
Texarkana-based attorney John Goodson and 11 lawyers who work with him on class-action lawsuits have appealed a federal judge’s ruling that they broke ethics rules and abused the court system. Their appeal questions whether their conduct violated those rules and whether Chief U.S. District Judge P.K. Holmes III abused his discretion in reprimanding five of the lawyers, according to documents …
Anthem threw punches back at the U.S. Justice Department’s attempt to block the insurer’s acquisition of Cigna Corp. The response signals Anthem will indeed litigate the case to the end even though many analysts and policy experts say the company is unlikely to win In a newly filed legal response, Anthem’s lawyers argued the deal to buy Cigna is “procompetitive” and specifically would allow …