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Sproull filed a putative class action against State Farm, alleging breach of contract. State Farm allegedly depreciated labor costs in determining “actual cash value” (ACV) of a covered loss and concealed this practice from its policyholders. The policy does not define ACV.
STIPULATION AND SETTLEMENT AGREEMENT AMONG PLAINTIFFS JARRET SPROULL AND TL PROPERTIES, LLC, INDIVIDUALLY AND ON BEHALF OF A SETTLEMENT CLASS, AND DEFENDANT STATE FARM FIRE AND CASUALTY COMPANY. ______________________________________________________________________________. TABLE OF CONTENTS.
i table of contents, points and authorities nature of the action .....1
View the Settlement Agreement by clicking HERE. View the Preliminary Approval Order by clicking HERE. View Plaintiffs’ First Amended Complaint by clicking HERE. View State Farm’s Answer and Affirmative Defenses to the First Amended Complaint by clicking HERE
OPINION. ¶ 1 Plaintiff, Jarret Sproull, filed a putative class action complaint against defendant, State. Farm Fire and Casualty Company (State Farm), and sought damages for breach of contract and. declaratory relief. Plaintiff alleged that State Farm improperly depreciated labor costs when it.
24 lip 2020 · ¶ 1 Plaintiff, Jarret Sproull, filed a putative class action complaint against defendant, State Farm Fire and Casualty Company (State Farm), and sought damages for breach of contract and declaratory relief.
18 lis 2020 · Appellate Court, in answering certified question in negative, found that average homeowner would have reasonably expected that depreciation would apply only to physical structures and tangible materials and not labor costs.
