Judge Silences State Farm’s Outcry Over SBA Loans

Law360, New York (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...
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