Insurer gets favorable Supreme Court ruling on class action suit

03/19/2013 | Reuters

The U.S. Supreme Court has sided with an insurer facing a class action lawsuit by ruling that the case should be in federal court. The homeowner in the case signed a stipulation limiting damages at $5 million for the class and had sought to keep the lawsuit in a state court considered by insurers as friendly to plaintiffs. The decision indicates that "class action plaintiffs cannot manipulate the system by slicing and dicing claims," said Theodore Boutrous, who represented the insurer.

View Full Article in:

Reuters

Published in Brief: