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Home / Opinion Digests / Class counsel awarded fees of up to $18.5M (access required)

Class counsel awarded fees of up to $18.5M (access required)

Where policyholders reached a settlement with a long-term care insurer over its disclosures surrounding premium increases, an award of attorneys’ fees to their counsel of at least $1 million, and up to $18.5 million, was fair and reasonable. Background Genworth Life Insurance Company is a Virginia company that provides long-term care insurance to its policyholders. In this ...