3rd Circ. Sides Mostly With Insurers In Antitrust Suit

Law360, New York (August 16, 2010, 6:59 PM EDT) -- A federal appeals court has largely upheld the dismissal of an antitrust lawsuit accusing insurance companies of conspiring with brokers to illegally divvy up the market, though it noted that the industry may have nonetheless broken the law.

The insurers and brokers may have hatched an unethical — even illegal — scheme to reap outsized profits on the backs of insurance clients, but the plaintiffs did not plausibly allege that the accused insurers conspired with each other, the U.S. Court of Appeals for the Third Circuit...
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