A challenge that has held up a $117 million settlement Texas state officials reached with Farmers Group Inc. in 2002 isn't over yet. The Texas Supreme Court held last week that the state's attorney general had a right to bring a class action in the state's dispute with the insurer but that the claims the AG asserted must meet statutory class action prerequisites. The court rejected the state's argument that the doctrine of parens patriae exempts the AG from meeting some state insurance code prerequisites.
May 07, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A challenge that has held up a $117 million settlement Texas state officials reached with Farmers Group Inc. in 2002 isn’t over yet.
The Texas Supreme Court held on April 27 that the state’s attorney general had a right to bring a class action in the state’s dispute with the insurer but that the claims the AG asserted must meet statutory class action prerequisites.
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