Allstate Gets OK For $2.7M Settlement In False Billing Suit

Law360, New York (March 7, 2012, 1:18 PM EST) -- A California federal judge on Monday preliminarily approved a $2.7 million settlement in a class action against Allstate Insurance Co. over alleged false advertising in its insurance bills that tricked customers into paying the company before the money was actually due.

The settlement allows class members to recover 30 days of interest at an annual rate of 7 percent simple interest from the $2.7 million pot on each payment made in full on or before a “due date” listed in a box on a standardized Allstate...
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