A federal judge on Monday found that a $52 million class action settlement by Farmers Group Inc. was fair and that the parties should proceed with sending notices to auto insurance policyholders who will share part of the settlement.

There’s still about six months to go until a final fairness hearing to approve officially of the settlement—comprised of $40 million for the class and about $11.5 million in attorney fees and $500,000 in expenses—but the ruling begins the process by approving of the steps and deadlines to finish the case by May 2020. Farmers will pay class members through account credits or checks rather than making them submit claims, said a Dec. 11 motion for settlement.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]