State Farm just agreed to pay $250 MILLION dollars to settle a civil racketeering (RICO) case alleging it engaged in an enterprise for the purpose of illegally funnelling $4 million dollars in 2004 into a campaign to elect a faborable judge to the Illinois Supreme Court. That judge eventually was elected and was theeciding vote overturning a $1 billion judgment in Avery v State Farm where a class of consuemrs were awarded a big vicotry concerning improper use of none OEM repair parts.
Now if all this sounds like mumbo jumbo, it's from me trying to summarize in a paragraph things that took 20 years to happen in real life. Here's what to take from it. State Farm says it did anything wrong, but State Farm paid $250 million for the privilege of not having a court rule to the contrary. If you are a State Farm policy holder (as I used to be), this money came from your premiums. Your money, your choice.
(By the way, don't call me about this case. It wasn't my case. I just read about it.)
Here's the article.
A blog covering legal topics and whatever I feel like posting. Some posts on this page could be considered to be attorney advertisements.
About The Consumer Law Office of Steve Hofer
Steve Hofer has been practicing consumer law in Indiana for more than 20 years. He is a former Indiana State Chairperson of the National Association of Consumer Advocates, a national organization of attorneys striving for fairness in the consumer marketplace. Contact me by phone at 317-662-4529 or via email at hoferlawindyATgmail.com. You can also leave a message through my website at www.hoferlawindy.com.
Showing posts with label State Farm Class Action RICO. Show all posts
Showing posts with label State Farm Class Action RICO. Show all posts
Subscribe to:
Posts (Atom)