Lloyd’s of London Syndicates RICO Class Action Lawsuit

Lloyd’s London agreed to a $7.9 million class action lawsuit settlement to resolve claims that certain Lloyd’s syndicates violated the federal Racketeer Influenced and Corrupt Organizations Act (RICO) with an illegal anti-competition agreement.

Plaintiffs in the class action lawsuit claim that the Lloyd’s syndicates intentionally concealed the fact that there was no competition in the Lloyd’s market. This scheme allegedly violated RICO and other laws.

Lloyd’s of London, known simply as “Lloyd’s,” is a global insurance company that claims to be the “world’s leading insurance marketplace.”

The Lloyd’s London syndicates haven’t admitted any wrongdoing but agreed to a $7.9 million settlement to resolve the RICO class action lawsuit. The syndicates agreed to a similar settlement in 2019.

Lloyd’s of London Syndicates RICO Class Action Lawsuit

• Who’s Eligible:
  • Individuals and entities who purchased or renewed an insurance contract with a Lloyd’s underwriter from syndicates 510, 1084, 1096 and 1245 between Jan. 1, 1997, and June 15, 2023
• Estimated Amount: Varies
• Proof of Purchase: Policy and syndicate information.
• Claim Form Deadline: 12/21/2023
• Case Name & Number:
  • Lincoln Adventures LLC, et al. v. Those Certain Underwriters at Lloyd’s London Members of Syndicates, et al., Case No. 2:08-cv-00235-CCC-ESK, in the U.S. District Court for the District of New Jersey
• How to file a claim:
  • Head over to the Claim Form.
  • Read over the claim form to see if you are eligible.
  • Complete the claim form with your info.
  • Submit your claim form to receive your potential award!

(Click here to file a claim)

Bottom Line

Don’t forget to take a look at our full list of Class Action Lawsuit Settlements! Be sure to give our list of No-Proof Class Action lawsuit to see other settlements you may qualify for.

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