A federal judge gave his preliminary approval Wednesday to a class action settlement agreement between Citibank and a group of plaintiffs who claimed the bank required them to purchase excess insurance against floods, wind damage and other hazards.
The order, signed by Northern District Judge David Hurd (See Profile) in Casey v. Citigroup, 5:12-cv-820, declares that the proposed settlement is “fair, reasonable and adequate.” It sets out procedures and schedules for notifying members of the class about the settlement and how they can apply for reimbursement.
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