HD - Supreme Court Rejects Home Depot's Objection Upholds $2.7B Blue Cross Settlement | Benzinga
The U.S. Supreme Court has declined to hear a challenge to a $2.7 billion nationwide class action settlement against Blue Cross Blue Shield.
The settlement addressed allegations that the insurer overcharged commercial and individual subscribers for years. This decision effectively upholds the antitrust agreement and a $667 million fee award for the class attorneys who negotiated the deal.
Health insurance subscribers in the decade-long case accused Blue Cross Blue Shield Association and others of unlawfully agreeing not to compete, resulting in higher insurance costs.
Blue Cross denied any wrongdoing but agreed to ...