A proposed partial class action settlement has been reached with some, but not all, of the Lloyd’s Syndicates who are Defendants in the case and sold insurance to policyholders in the United States (the “Settlement”). Plaintiffs assert causes of action against the Defendants for violation of the Racketeer Influenced and Corrupt Organizations Act, civil conspiracy, and unjust enrichment based on allegations that Defendants engaged in a deceptive scheme to conceal the lack of competition in the Lloyd’s Market. The Settling Defendants deny the allegations made against them.

The Settling Defendants have agreed to make separate payments to settle the claims against them. The total amount of these payments is $21,950,000.

How do I get a payment?

To receive a payment, Class members must submit a Claim Form by October 25, 2019

Important Dates

 

 Claim Process Start Date

 

   Final Approval Hearing

 

 

 May 13, 2019

 

 September 18, 2019, at 10:30 a.m. Eastern Time

 

 

 

 

 

 

 

Exclusions/Objection Deadline

 

 Claim Filing Deadline

 

 

August 28, 2019 

 

October 25, 2019 

 

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