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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Disclaimer The TRAC-PAC Insurance Abuse Registry is not a legal consulting group and all decisions made based on information from our database should be first consulted with a legal authority. We are not a decision-making body. This database is for informative purposes only. The TRAC-PAC Insurance Abuse Registry's sole purpose is for gathering information about insurance claims settlement practices in order for the automotive and towing industries to overcome them. We only aim to seek out and catalog patterns in claims practices and issues. 

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