$300M JPMorgan Force-Placed Deal Gets Judge's OK

Law360, New York (February 28, 2014, 12:41 PM EST) -- A Florida federal judge on Friday gave his final blessing to JP Morgan Chase NA and Assurant Inc.'s $300 million settlement of a class action accusing them of overcharging homeowners for force-placed policies to fund kickbacks, calling the deal a major success for plaintiffs.

Overruling objections to the settlement, U.S. District Judge Federico Moreno touted the deal as among the most favorable for plaintiffs in the recent wave of force-placed litigation against insurers and banks. In addition to the $300 million monetary settlement, the plaintiffs have...
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