State Farm Avoids Racketeering Trial With $250M Settlement

(All images, information, and text courtesy of claimsjournal.com. Copyright 2018. All Rights Reserved)

State Farm agreed to pay $250 million on the brink of a trial to customers who claimed the company tried to rig the Illinois justice system to wipe out a $1 billion jury verdict from 19 years ago.

The customers were seeking as much as $8.5 billion in damages in a civil racketeering trial that was set to start Tuesday in federal court in East St. Louis, Illinois. A judge granted preliminary approval to the accord and set a final fairness hearing for December.

Continuing reading the rest of the article at the source:

https://www.claimsjournal.com/news/midwest/2018/09/05/286586.htm


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