September 4, 2018 – State Farm Agrees to Pay $250 Million to Settle Federal Lawsuit
In the News:
Crain’s Chicago Business – State Farm ducks racketeering trial with $250 million accord
Chicago Tribune – State Farm ducks racketeering trial with $250 million accord
Mark Hale, Todd Shadle, and Laurie Loger, on behalf of themselves and all others similarly situated v. State Farm Mutual Automobile Insurance Company, Edward Murnane, and William G. Shepherd, 12-cv-00660 DRH-SCW, Southern District of Illinois. Case No. 12-0660-DRH
The lawsuit claims that State Farm, Ed Murnane and William Shepherd (the “Defendants”) violated the RICO statute in an attempt to overturn, in the Illinois Supreme Court, a $1.05 billion judgment in favor of approximately 4.7 million State Farm policyholders, which would allow State Farm to avoid paying the amount of the judgment rendered in Plaintiffs’ favor in the trial court. The Defendants deny all allegations of wrongdoing, including specifically that they violated RICO.
Presiding Judge: The Honorable David R. Herndon, United States District Judge for the Southern District of Illinois
Trial set to begin: Sept. 4, 2018, at 9 a.m. in Courtroom 7 at the U.S. District Courthouse, 750 Missouri Ave., East St. Louis, IL
For more information, go to the Hale v. State Farm site by clicking here.
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