Conseco Takes $1.9M Atty Fee Award Up With 9th Circ.

Law360, New York (September 14, 2011, 8:00 PM EDT) -- Conseco Life Insurance Co. on Wednesday filed an appeal with the Ninth Circuit over a $1.9 million attorneys' fee award in a policyholder class action, following a California federal court's judgment that its planned rate hikes for life insurance policies were unlawful.

U.S. District Judge A. Howard Matz awarded the fee to policyholder Celedonia X. Yue on Sept. 9 after awarding her declaratory judgment on a claim that the insurer had breached the terms of its universal life policies when it made plans in 2002 to...
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