If so, you or your company may be eligible to receive a payment from a partial class action settlement.
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A proposed partial class action settlement has been reached with some, but not all, of the Lloyd’s Syndicates who are Defendants in the case and sold insurance to policyholders in the United States. Plaintiffs assert causes of action against the Defendants for violation of the Racketeer Influenced and Corrupt Organizations Act, civil conspiracy, and unjust enrichment based on allegations that Defendants engaged in a deceptive scheme to conceal the lack of competition in the Lloyd’s Market. The Settling Defendants deny the allegations made against them.
Class Members are, with certain limited exceptions, all persons and entities in the United States (including its territories) who, during the period January 1, 1997, through March 25, 2019 (“Class Period”), purchased or renewed a contract of insurance (an insurance policy, not reinsurance) with any of the Defendants. Excluded from the class are released Defendants, Defendants, defendants formerly named as such in this action, all Lloyd's syndicates, op-outs and judges involved in this action and their immediate families.
The Syndicates that have settled are Syndicate Nos. 0033, 0102, 0382, 0435, 0570, 0609, 0623, 0958, 1183, 1886, 2001, 2623, and 2987.
The Syndicates that have not settled are Syndicate Nos. 0510, 0727, 1003, 1084, 1096, 1245, 2003, 2020, 2488, and 2791.
Disclaimer
Disclaimer: Claim forms are available from the Class Administrator in this litigation. Class members are not required to sign up with any third-party service in order to participate in the monetary relief, but may instead file their claim directly with the Class Administrator. For additional information, class members may visit www.SyndicateSettlement.com.
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