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State Supreme Court decides in favor of business in ‘fraud on market’ suit

The Colorado Supreme Court this week overturned a lower court’s decision that would have made it easier to file class-action suits against businesses. The suit, Farmers Insurance Exchange v. Benzing, concerned a class action suit for “fraud on the market” under the Consumer Protection Act alleging that Farmers did not notify customers that purchasing uninsured… Continue Reading State Supreme Court decides in favor of business in ‘fraud on market’ suit