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Civil Litigation,
Insurance

Mar. 20, 2018

Secret federal settlement doesn’t bar claims in state class action, plaintiffs say

Plaintiffs’ counsel in a state court insurance class action argue the defense can’t get out of claims because a previous federal settlement in the matter was done behind the backs of the court and class members.

LOS ANGELES -- Plaintiffs' counsel in a state court insurance class action argue the defense can't get out of claims because a previous federal settlement in the matter was done behind the backs of the court and class members.

Defense attorneys for Allianz Life Insurance, which is accused of shorting policy holders on their annuity returns, said the company isn't liable because the matter was settled in Minnesota federal court under...

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