Insurance Company Faces Litigation Surrounding Ponzi Scheme

North America - United States | United States - California

A national insurance company faced multijurisdictional litigation arising out of a $250 million Ponzi scheme centered in Los Angeles, California. Our firm represented the company in a series of putative class actions and individual actions brought by more than 150 plaintiffs in state and federal courts across four states.

Work included successfully negotiating potentially significant litigation exposure through a strategy of early dispositive motion victories, targeted and efficient discovery, multiple mediations to implement a common settlement matrix across all claims, and targeted summary judgment and trial strategies for the remaining claims.

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