Judge Endorses Settlement In ROA Racketeering MDL

Law360, New York (August 2, 2012, 3:11 PM EDT) -- A Tennessee federal judge on Wednesday paved the way for final approval of a confidential agreement settling part of a racketeering multidistrict litigation over the collapse of reinsurer Reciprocal of America, rebuffing objections from Milliman Inc. and General Reinsurance Corp. concerning language that could allow additional claims.

U.S. Magistrate Judge Tu M. Pham recommended that the district judge issue a final order certifying partial final judgment concerning the settlement, which was originally reached in December 2009 between a pair of medical service policyholders and Milliman and...
To view the full article, register now.