Calif. Classes Fight Chase's $300M Fla. Force-Placed Deal

Law360, New York (September 26, 2013, 6:02 PM ET) -- Homeowners disputing a force-placed hazard insurance arrangement between JPMorgan Chase Bank NA and Assurant Inc. in California multidistrict litigation said Thursday that a proposed $300 million settlement reached in Florida signs away their case for next to nothing and should be scuttled.

The motion in Florida by class members in the first-filed California suit illuminates a contentious battle between plaintiffs’ firms that unfolded as the bank and its force-placed insurer moved toward a settlement unveiled earlier this month that will be closely watched in the insurance...
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