A federal judge has approved class action status for a lawsuit accusing State Farm of violating federal racketeering laws by directing money into the election campaign of a state Supreme Court justice in hopes of influencing a ruling. The Pantagraph reports the lawsuit is related to an alleged plot to influence a decision by the Illinois Supreme Court on an appeal of a $1.05 billion verdict against State Farm in a 1997 lawsuit. About 4.7 million policyholders could benefit from an estimated $7.6 billion payout.
Wednesday, September 21, 2016
State Farm Faces Class-Action Lawsuit
A federal judge has approved class action status for a lawsuit accusing State Farm of violating federal racketeering laws by directing money into the election campaign of a state Supreme Court justice in hopes of influencing a ruling. The Pantagraph reports the lawsuit is related to an alleged plot to influence a decision by the Illinois Supreme Court on an appeal of a $1.05 billion verdict against State Farm in a 1997 lawsuit. About 4.7 million policyholders could benefit from an estimated $7.6 billion payout.
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