Judge Certifies Settlement Class Over Alleged Fraud, Won’t Approve $195,000 Deal

(March 13, 2024, 10:35 AM EDT) -- SANTA ANA, Calif. — Citing reasons including “serious concerns about the scope of recovery,” a California federal judge granted preliminary certification of a settlement class in a suit over alleged fraud involving captive reinsurance but denied preliminary approval of the proposed $195,000 settlement....