Plaintiffs’ attorneys in a multibillion class action settlement with Blue Cross Blue Shield Association asked a US appeals court on Wednesday to fast-track the resolution of objections to the deal.
In a court filing, the class attorneys, who have been awarded $667 million in fees representing health insurance subscribers who settled with Blue Cross Blue Shield and 36 member health plans argued to the Atlanta-based 11th U.S. Circuit Court of Appeals that it should expedite its review to eliminate “harm resulting from delayed implementation of the settlement.” Class attorneys have been awarded $667 million in fees in the case.
Four appeals were filed this month on behalf of six objectors after an Alabama federal judge granted final approval to the $2.67 billion antitrust settlement in August. The trial court’s ruling ended nine years of litigation that involved more than 100 law firms, court records show.
Plaintiffs alleged Blue Cross Blue Shield Association and members unlawfully agreed to curb competition with each other in the health insurance market.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Colorado Senate Rejects Bill Barring Rent-Setting Algorithms
May 2, 2024 by
CPI
Bayer Faces US Antitrust Suit Over Pet Meds Competition
May 2, 2024 by
CPI
Landmark Monopoly Trial Between DOJ and Google Wraps Up
May 2, 2024 by
CPI
Lawmaker Probes FTC and EU’s Role in Amazon’s Failed iRobot Acquisition
May 2, 2024 by
CPI
FTC to Approve Exxon’s $64 Billion Deal with Pioneer Resources
May 1, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI