Case Conclusion Date:December 1, 2005
Practice Area:Class Action
Outcome:$ 128.5 million
Description:Co-counsel for nationwide class of plaintiffs, former mutual policyholders, in complex action against interlocking officers/directors of related mutual and stock insurance companies and the stock company on numerous theories for acquiring control and assets or mutual insurance company. This case generated seven appeals, two of which were decided at time the case settled in 2005. The $128.5 million cash settlement was reported to be the largest civil lawsuit settlement in Iowa legal history.