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Wednesday, October 31, 2012

Ind. Decisions - Still more on "WellPoint, Inc. Agrees to Pay $90 Million to Settle Class Action Suit"

Updating this ILB entry from June 16, 2012, Jeff Swiatek reports today in the Indianapolis Star in a story that begins:

Thousands of former Indiana policyholders in Anthem insurance soon will be getting checks in the mail.

About 660,000 former policyholders of the Indianapolis insurer will share in a $90 million settlement approved last week by a federal judge.

Payments to most people will range from $19 to $425, according to court documents. Most live in Indiana, Ohio, Kentucky and Connecticut.

Anthem's parent, Indianapolis health benefits company WellPoint, agreed to the settlement in June, ending seven years of litigation against it by its former policyholders. * * *

The judge said she would take under advisement a motion to award $30 million in settlement money for plaintiffs' attorney fees. The main plaintiffs' attorneys are Dennis Paul Barron of Naples, Fla.; Eric Zagrans of Beachwood, Ohio; and Peter Kahana of Philadelphia. In addition, the plaintiffs' team included local counsel Delaney & Delaney of Indianapolis, Michael Becker of Cleveland, and two law firms that joined the case in 2010 for their class-action expertise: Berger & Montague of Philadelphia and Keller Rohrback of Seattle.

The judge approved reimbursing plaintiffs' attorneys for $6.2 million in expenses, the bulk of it fees paid to experts.

A total of 707,489 people were eligible for settlement payments, but about 48,000 of them have died or can't be found, plaintiffs' attorneys said.

Posted by Marcia Oddi on October 31, 2012 04:05 PM
Posted to Ind Fed D.Ct. Decisions