Court Finalizes Multimillion-Dollar State Farm Suit in Ill.
Jan. 7, 2019—Last month State Farm agreed to pay $250 million to settle an ongoing lawsuit in Illinois; the insurance company originally agreed to pay millions to end the Halve v. State Farm case in lieu of continuing with court proceedings, reported Glass Bytes. In the lawsuit, State Farm was found responsible for using aftermarket vehicle repair crash parts instead of original equipment manufacturer parts in the late 1980s and 90s.
The court scheduled a Fairness Hearing on Dec. 13, 2018 at the United States District Court Southern District of Illinois before the money was to be paid. Its main purpose allowed the court to continue deliberating on whether or not the agreed upon settlement was fair, reasonable and adequate as well as answer any possible objections.
During the hearing, one person objected to the agreed settlement amount, claiming it was too low and the lawyer's fees that were to be taken out were too high. The court recently made an order that finalized its settlement to be deemed fair in spite of the objection.