We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Judge Silences State Farm’s Outcry Over SBA Loans

Law360 (May 9, 2007, 12:00 AM EDT) -- A federal judge has rejected a motion sought by State Farm Fire and Casualty Co. to dismiss a lawsuit on the grounds that the policyholders in question had already received a small business administration loan to address their Hurricane Katrina losses.

On Monday, U.S. District Judge L.T. Senter denied the request, saying that the insurer had failed to make a compelling argument for tossing out the suit.

"I find no merit in State Farm's contention that the assignment of these insurance proceeds deprives the plaintiffs, the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.