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• Antitrust Laws, and 3.79 Million Reasons to Cry Foul
  Sep-12-09 Schaumberg, IL A massive antitrust act case that may see payouts to 3.79 million class members was upheld this past Tuesday, assuring that antitrust laws have been brought to bear and antitrust policy is actively defended in this country. It was in 2006 that settlements were reached in class action cases over allegations that Zurich Financial Servi...
• Zurich Capital Markets Market Timing Securities Fraud Settlement
  Bellevue, WA: (May-07-07) The US Securities and Exchange Commission brought charges against Zurich Capital Markets (ZMC), a unit of Zurich Financial Services, accusing it of helping four market-timing hedge funds that defrauded mutual funds. The suit claimed that in order to buy, exchange and redeem shares in these mutual funds, these hedge funds employed...
• Zurich American Insurance Co. Market Allocation Scheme Civil Penalty
  Columbus, OH: The Ohio Department of Insurance filed a lawsuit against the company claiming it was involved in a market allocation scheme with another company. The Ohio Attorney General's office alleged Zurich American conspired with Marsh & McLennan Companies to eliminate competition by dividing its commercial customers. The state claimed Zurich misled...
• Zurich Price-Fixing Class Action Settled for $150 Million
  A $150 million settlement has been approved in the class action against Zurich Financial Services and insurance broker Arthur J. Gallagher & Co. The suit alleged that the defendants engaged in price fixing between 1994 and 2005. Estimates suggest that there may be 3.79 potential class members who qualify as beneficiaries of the settlement. Under the...
• Despite Positive Study, Depakote Side Effects Still Exist
  Sep-23-11 Zurich, Switzerland A recent study suggests that adding an older seizure drug to standard treatment can help extend the lives of people suffering from the brain cancer glioblastoma, but the fact remains that Depakote side effects still present a serious health issue. According to WebMD , the study, which was published in the journal Neurology , fo...
• Motorcycle Accident Death: The Nails in the Coffin Were Painted
  May-23-09 Lake Zurich, IL There's something about the increased openness of the open road that entices the motorcycle rider: it's just you and a minimalistic expanse of metal and rubber just below you. Yes, you are more vulnerable—so you take precautions and ride responsibly. Even so, when a motorcycle accident involves motorcycle injury most people assume it is...
• Zurich Insurance Agrees $455M Settlement in Farmers Class Action
  London, UK: Zurich Financial Services Group and its subsidiary, Farmers Group Inc, have settled a nationwide class action lawsuit that is pending in Superior Court in Los Angeles. Under the terms of the settlement, $455 million will be made available to up to 13 million policyholders. The suit alleged that the class, consisting of policyholders who he...
• Massachusetts Casualty Insurance Company Bad Faith Settlement
  A Judgment, which is ultimately expected to be worth over $6 Million dollars, was entered on Friday, March 17, 2006, in the case of David Jay v. Massachusetts Casualty Insurance Company (nka Centre Life Insurance Company)("MCIC"), a subsidiary of Zurich Insurance, in the Stark County Court of Common Pleas, Stark County, Ohio (Case No. 2004 cv 00843) ...
• Farmers Insurance Cleared of Age Discrimination
  May-30-23 Los Angeles, CA After an eight-week trial and two days of deliberations, Farmers Group Inc. has been cleared of discrimination and wrongful termination charges. Former California-based insurance agents claimed they were discriminated against for their age and fired to be replaced by younger, ostensibly more productive workers. However, jurors determined th...
• Stockert 3T Not the Only Heater-Cooler Unit Associated with Infection discovered Years Ago
  May-2-17 Washington, DC: Over the past few years the Stockert 3T heater-cooler system has come under fire after reports of heart bypass patients developing Mycobacterium chimaera infections were traced back to the device. But Stockert isn’t the only heater-cooler system in use. Back in 2012, invasive Mycobacterium chimaera infections were diagnosed...
• UK Steel Plant Workers Alleged to Have Had “Snowball Fights” with Asbestos
  Nov-24-13 Splott, Cardiff Sadly, it appears to be an old story but one that still has a few chapters yet to be written. To that end, experts conversant with asbestosis disease in the UK say that asbestos cases from exposure dating back decades are not expected to peak before 2016. Findings are similar in North America. The latest round of asbestosis lawsui...
• Former Employee to Have Day in Court
  Jan-15-09 Escondido, CA In June, 2008 LawyersandSettlements interviewed Benny J. regarding Guitar Center's alleged California labor law violations. Benny has been unable to return to work since that time but he will soon have his day in court and his lawyer is confident Benny will win his case and receive back pay—a substantial amount. The lawsuit ste...
• Novartis Withdrawing Zelnorm: But at what Cost?
  Apr-30-07 Washington, DC Novartis Pharmaceutical Corporation has put the cost of withdrawing its Zelnorm medication at $52 million according to The Wall Street Journal online. The medication was first approved by the FDA in July 2002 for treatment of irritable bowel syndrome (IBS) and severe constipation. In March 2007, the FDA requested that Zelnorm sales be...
• Mohawk Industries Settles Employee Class Action for $18 Million
  Fulton County, GA: Mohawk Industries and its employees who filed a class action lawsuit against the carpet manufacturer have finally reached a settlement worth a reported $18 million. The lawsuit has been in the courts for the past six years. The 'prime motivator' in the settlement is the fact that Mohawk's insurer, Zurich American Insurance, has agreed t...
• Zurich American Insurance Co. Business Interuption Claims Settlement
  ABM Industries Inc. filed a lawsuit against the insurance company regarding a dispute over business interruption insurance claims in connection with the destruction of the World Trade Center. ABM provided janitorial, engineering and lighting services to the World Trade Center, where it employed more than 800 people before the September 11, 2001 attack...