Insurers, Trustees:  No Error In Class Certification Or Settlement Approval

Mealey's (September 28, 2020, 12:36 PM EDT) -- RICHMOND, Va. — Insurers and trustees in separate Sept. 25 appellees briefs tell the Fourth Circuit U.S. Court of Appeals that despite a single objection, class certification and settlement approval was properly granted in a case over an alleged life insurance fraud scheme that shifted debt to reinsurers (1988 Trust for Allen Children Dated 8/8/88 – Marianne E. & Laurie Allen and Nora V. Gitz, as Trustees v. Banner Life Insurance Co., et al., No. 20-1630, 4th Cir.)....