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Insurance Fraud

Consumers rely on various forms of insurance, including health, life, auto, and home-owners insurance. Every year, however, many consumers become victims of insurance frauds and scams, often costing them thousands of dollars.  Fraud and collusion in the insurance industry is one of the most costly crimes in the United States. Some experts estimate that annual cost of insurance fraud to be over $120 billion nationally.  Dishonest companies take advantage of consumers by making false promises and other misrepresentations to induce them to sign up for their policies. Glancy Prongay & Murray’s attorneys protect the rights of consumers against insurance fraud and other unfair business practices within the insurance industry.  If you think you may be a victim of insurance fraud, call us to speak with a consumer rights lawyer who can evaluate your claim.

Court Recognition

“And without question, the Court is of the opinion that the value of benefit that’s been conferred to the class is extremely sizable and that this Court is certainly aware that the skill and efficiency of plaintiff’s counsel is what attributed to this settlement, and they are learned securities counsel. The Court is mindful of that, and as a result they were able to sort of weed their way through the complex issues in this case, and also to bring this about — bring about a settlement rather in short order as these matters go. So the Court certainly attributes that to counsel’s skill and efficiency, as well as the ability to work with the adversaries in this matter.”

–Hon. Susan D. Wigention, U.S. District Judge, District of New Jersey

“Class Counsel has conducted the litigation and achieved the Settlement in good faith and with skill, perseverance and diligent advocacy”

— Hon. Donovan W. Frank, U.S. District Judge, District of Minnesota

“The court finds that the Settlement Fund… created by Class Counsel is an exceptional result… The settlement is significantly above the average securities class action settlement when measured as a percentage of losses recovered… The court finds that Class Counsel, particularly Co-Lead Counsel, exerted tremendous effort on behalf of the class in the prosecution of this action… The Court finds that Class Counsel skillfully prosecuted this action, particularly given that this case was unusually complex relative to most securities fraud class actions. ”

–Hon. Dickran M. Tevrizian (Ret.), U.S. District Court Judge, Central District of California

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