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Aetna Recoils at Five-Headed Plaintiffs' Leadership of Class-Action Suit
Five competing plaintiffs' firms in a class action for millions of Aetna insureds and doctors have agreed to share the role of interim class counsel rather than pick one to take the lead. And Aetna doesn't like it.
Drivers, insurers colliding in rate suits
The auto insurance industry is skidding through a pileup of lawsuits over how it prices insurance rates. Insurance companies are being sued and scrutinized for using factors including education, occupation, credit scores and lack of prior coverage to set prices � criteria that plaintiffs allege unfairly lead to higher premiums and discriminate against minorities and the poor.Barrack Wins Investors' Class Action
Barrack Rodos & Bacine has won what is believed to be the largest plaintiff verdict in a securities class action case since the Private Securities Litigation Reform Act was passed in 1995.Class action OK'd in alleged Ponzi scheme
In the morass of litigation generated by the subprime crisis, few suits have targeted law firms over their roles advising companies that fueled the mortgage bubble.But a big exception-an investor class action against Greenberg Traurig and Quarles Brady-is barreling along in Phoenix federal district court.Greenberg agrees to $61M deal in Ponzi suit
Greenberg Traurig and Quarles & Brady have agreed to fork over a combined $87.5 million to resolve claims that they failed to put the brakes on a $900 million Ponzi scheme carried out by two mortgage-industry clients.
Greenberg Traurig to shell out $61 million to exit Ponzi class action
Greenberg Traurig has agreed to pay $61 million to settle a class action suit filed by investors who claimed they were victimized by a Ponzi scheme involving one of the firm's real estate clients.An Insurance Expert Is Bounced
Calling it "one of the most egregious cases of providing witness-for-hire testimony that I've ever seen," a U.S. magistrate judge in Michigan sharply criticized plaintiffs' lawyers for orchestrating an expert's testimony. According to the judge's ruling, the plaintiffs' lawyers provided the language in an expert's report filed in a so-called vanishing premiums case involving Jackson National Life Insurance Co.Aetna Recoils at Five-Headed Plaintiffs Leadership of Class Action Suit
Five competing plaintiffs firms in a class action for millions of Aetna insureds and doctors have agreed to share the role of interim class counsel rather than pick one to take the lead. But Aetna doesn't like the idea. Its defense counsel maintains that a five-headed leadership would be unwieldy, would worsen bickering among the firms and would drive up litigation costs -- something a federal judge sought to avoid when warning earlier this year against a class counsel feeding frenzy over fees.TRENDING STORIES
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