Boies Schiller Flexner recently filed three class action lawsuits alleging a “deceptive and anticompetitive scheme” involving substantial kickbacks received by America’s largest claims administrators. These administrators are accused of depositing large sums from class action settlements into accounts at Huntington National Bank and Western Alliance Bank without disclosing such practices.
The lawsuits, which span federal courts in California, New York, and Florida, target Epiq Systems Inc., Angeion Group LLC, and JND Legal Administration. These companies, according to the complaints, collaborated with the banks to execute a scheme that involved concealed kickbacks. This action allegedly resulted in lower interest rates for hundreds of thousands of class members. The legal challenges come in the wake of similar accusations against these administrators regarding kickbacks tied to digital payment disbursements detailed in an earlier filing.
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