Allstate Defeats Diminished Value Class Action
NU Online News Service, May 3, 4:26 p.m. EDT?An Illinois jury has rejected a class-action lawsuit claim against Allstate Insurance Co. that sought payment for loss in market value of customers' damaged vehicles in addition to the cost of repair.[@@]
The verdict for the Northbrook, Ill. insurer was handed down Thursday by a panel in St. Clair County Circuit Court in Belleville, Ill. It found against $300 million in diminished value claims lodged by 387,000 participants in the suit.
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