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.
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2 comments:

  1. AnonymousAugust 15, 2013 at 11:35 PM

    Why is this a major blow?
    Whats the impact?

    ReplyDelete
  2. AnonymousAugust 18, 2013 at 1:32 PM

    How how much capital does Cuna mutual group have?
    The lawsuit on legacy assets versus Wall Street is for $258 million.
    Did they lose that much?

    ReplyDelete