Policyholders who were represented by Dickie Scruggs have been able to settle their lawsuits against State Farm. Included in the settlement was a racketeering case that alleged the insurance company conspired with vendors to minimize Katrina damage payments. More than 225 cases — 90% of those the firm had against State Farm in Mississippi — have been settled, including the racketeering lawsuit with 38 Plaintiffs. Terms of the settlements are confidential. The law firm now representing the policyholders issued a written statement:
A combination of factors came together to allow the successful resolution of these claims including the compensation amount, the exhaustion of the clients with the legal pursuit of their claims, unfavorable legal rulings over the last year and a half and a fresh perspective afforded by new counsel.
Most all of the Scruggs’ cases were transferred to the Provost Umphrey law firm in Texas. Hopefully, the clients came out of this in decent shape. They certainly deserved to be adequately compensated for their losses.
Source: Sun Herald
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