Overcharge

Historic Jury Ruling Grants $211 Million to Life Insurance Policyholders in Major CNO Financial Overcharge Case

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Indianapolis, Ind. — A significant jury verdict has led to potential damages exceeding $211 million in a class action lawsuit involving CNO Financial Group, Inc. and CNO Services, LLC, centered on alleged overcharges to life insurance policyholders. The case, regarding “LifeTrend” policies issued by Conseco Life Insurance Company, a former subsidiary of CNO, was brought forth by around 2,000 policyholders. On June 18, 2025, jurors found in favor of lead plaintiffs William “Jeff” Burnett and Dr. Joe Camp, awarding them substantial damages for breach of contract. The jury employed a damages model that favored the … Read more

Jury Hears $3.26 Million Overcharge Claim in Bigelow Tea Mislabeling Case

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Los Angeles, CA — In a significant courtroom development, a federal jury heard testimony on Friday about alleged deceptive practices by tea company R.C. Bigelow. A specialist assessing damages in the case stated that consumers in California were misled by a product label claiming “Manufactured in the USA 100%,” resulting in an overpayment of approximately $3.26 million. The misleading label led to a lawsuit by a class of R.C. Bigelow tea purchasers. The court had previously determined that the label was deceptive, placing responsibility on the company for any ensuing misinformation to consumers. During the … Read more

Discover Financial Proposes $1.2 Billion Settlement Over Merchant Overcharge Claims Amid Major Acquisition Moves

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CHICAGO — Discover Financial Services is reportedly in the process of settling a class-action lawsuit that accuses the firm of excessively charging merchants. This action was publicly disclosed through a filing with the Securities and Exchange Commission on Wednesday, detailing that as of March 31, 2024, Discover has allocated $1.2 billion for refunds due to the misclassification of certain card products. The company has confirmed that this amount should cover all necessary payments under the proposed settlement. Previously, during a July earnings call, the financial services company admitted to incorrectly categorizing some card accounts into … Read more