Case Result

$127.5M

Class Action, Insurance Litigation

Cedar Rapids, IA

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Case Details

Class action and derivative action against an insurer for 'defacto demutualization', litigated for seven years and resulted in three appeals to the Iowa Supreme Court.

Additional Notes

Rieff v. Evans, et al., filed in Polk County (Case No. CE35780). Settled for a cash payment of $127.5 million. Involved three appeals to the Iowa Supreme Court, establishing that a mutual insurance company policy holder may bring an action for 'defacto demutualization' and that there is no 'case complexity' exception to the right to a jury trial.

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