Lowball Settlement 'Didn't Look Right': Plaintiff Attorneys Recover $10.1M, Allege Defense Misled About Policy Limit
"I told [my co counsel], either this company is underinsured or they're not being truthful about how much coverage there is," plaintiff attorney Matt Cook said.
June 12, 2024 at 03:19 PM
5 minute read
Motor Vehicle TortsWhat You Need to Know
- When a plaintiff was hit by a truck, she began to seek coverage from the truck's insurer.
- However, her attorney said he thought the policy limit the insurer gave them was suspiciously low for the size of the company.
- Eventually the plaintiffs uncovered a $10 million umbrella policy and filed for sanctions, alleging the defendant misled them about coverage.
A plaintiffs team led by Matt Cook, Joshua Bearden and Ruben Cruz recently secured a $10.1 million settlement for a client whose leg was severely injured when she was hit by a truck. But there's a catch. According to the plaintiffs, the defendant, originally represented by Hall Booth Smith, misrepresented the amount of insurance coverage available, insisting for nearly a year that the policy only covered $1 million, according to a motion for sanctions the plaintiffs filed in March.
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