Thursday, August 15, 2013
Lawsuit Against Black Hills FCU and CUNA Mutual Receives Class Certification
In a major blow to CUNA Mutual Insurance Society and Black Hills FCU, the South Dakota Supreme Court overturned a trial court decision denying class certification.
The lawsuit alleges that CUNA Mutual Insurance Society and Black Hills Federal Credit Union wrongfully switched the credit disability insurance policies of 4,461 borrowers.
Read the opinion.
The lawsuit alleges that CUNA Mutual Insurance Society and Black Hills Federal Credit Union wrongfully switched the credit disability insurance policies of 4,461 borrowers.
Read the opinion.
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Why is this a major blow?
ReplyDeleteWhats the impact?
How how much capital does Cuna mutual group have?
ReplyDeleteThe lawsuit on legacy assets versus Wall Street is for $258 million.
Did they lose that much?