Policyholders Can Exit $5M Highmark Antitrust Settlement

Law360, New York (May 8, 2013, 2:06 PM EDT) -- A Pennsylvania federal judge on Tuesday allowed the plaintiffs in an antitrust class action against Highmark Inc. to step out of a proposed $4.8 million settlement amid claims that the insurer concealed pre-existing obligations that negated certain settlement concessions.

Representatives for a class of health insurance buyers who claim they paid excessive premiums sought to withdraw from the settlement in January, saying a provision of the deal requiring Highmark to reintroduce a lower-cost Community Blue health insurance plan was illusory based on the subsequent revelation by...
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