Ind. OKs Diminished Value Auto Case
NU Online News Service, Aug. 6, 3:15 p.m. EDT?In a decision that departs from the actions of most states, Indiana's highest court will allow a class action lawsuit, based on the theory of diminished value in automobile crash cases, to proceed to trial.[@@]
In Allgood vs. Meridian Security Insurance Co., the Indiana Court of Appeals reversed a lower court ruling dismissing the plaintiffs' suit. The plaintiffs, the suit alleged, were owed money because of their insurer's refusal to recognize that their property was devalued as a result of the accident.
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