7th Circ.: Class Action Over $3.5B in Profits Retained by Mutual Insurance Company 'Belongs in State Court'
The U.S. Court of Appeals for the Seventh Circuit has held that a class action—which alleges Country Mutual Insurance unjustly accumulated and retained $3.5 billion in fiduciary duties and other legal obligations—belongs in state court, and that two exceptions to the Class Action Fairness Act apply.
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