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Judge approves $90 million for Anthem plaintiffs

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A federal judge has approved the largest class-action settlement to come out of an Indianapolis court, paying $90 million to former Anthem Inc. policyholders.

The settlement will go to about 700,000 claimants in Indiana, Ohio, Kentucky and Connecticut, who said Anthem underpaid them when it converted in 2001 from policyholder ownership into publicly traded company WellPoint Inc. Payments to most people will range from $19 to $425 each.

The settlement is likely to be a big victory for a small Indianapolis firm, DeLaney & DeLaney, the only local law practice that worked on the case. The six law firms that worked on behalf of plaintiffs are requesting $30 million in fees.

The plaintiffs alleged they were underpaid in a range from $227 million to $448 million, but WellPoint contended it owed them nothing.

Judge Tonya Walton Pratt found after an Oct. 25 hearing that terms of the settlement were fair, reasonable and adequate, but her ruling on attorney’s fees is forthcoming.

Pratt also granted a “case contribution” award to the lead plaintiffs, Mary Ormond and Kevin Heekin, and approved expenses and costs. WellPoint’s attorney, Craig Hoover, took no position on the settlement plan.

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  • refund check
    I got a check for my mother, should I rxpect one also.
  • check
    My friend received a settlement check a while back. Want to know if I will receive one soon. I had stock same as the others.
  • Do The Math
    Let's see. $90mil less $30mil for the lawyers leave $60mil. Divided by 700k claimants equals a whopping $85.71 each. Who did this lawsuit really benefit?

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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

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