A lawsuit was filed against State Farm last Friday. This one is going to be big and expansive. Finally, something is being done about the fraud and deceit that State Farm uses to get people recruited and into their agency system. So many people have lost everything they owned. Kudos to the legal team on this one.
[FONT=Verdana, Arial, Helvetica]LAWSUITS FILED AGAINST STATE FARM MUTUAL AUTOMOBILE
INSURANCE COMPANY
Friday, July 13, 2012: State Farm Agent, Jack Tahanian filed a lawsuit today in Los Angeles County Superior Court against State Farm Mutual Insurance Company. The lawsuit accuses State Farm of fraud and deceit in the way the company presented its “new market” business model. In addition to the fraud claims, Tahanian’s lawsuit makes additional claims under California’s Unfair Competition Law.
John Fisher, one of Tahanian’s attorneys says “There are an estimated 3000 “new market” or “scratch” agents suffering under the extremely adverse conditions created by State Farm’s scheme. This estimated number doesn’t reflect a larger number of agents whose contracts have been terminated by State Farm, or who had to completely walk away from their agency due to the detrimental impact of the State
Farm agent contract.”
"The number of adversely affected agents we have been in contact with in the last several weeks is extraordinary. Hundreds of agents from all over the United States and Canada are in desperate financial trouble and are seeking relief from State Farm’s schemes. Many of these agents have suffered severe financial ruin, and have been forced to either seek protection by filing for bankruptcy protection, or are on the verge of doing so. The similarities in each of their stories of their treatment are strikingly similar. This program is a shocking failure and State Farm continues to promote it in a positive light, knowing full well they are dooming the vast majority of these men and women to financial ruin. It is truly a disgrace to the company’s long history of commitment to its agents. It’s also a disgrace to the legacy of a company that once represented the elite in insurance agency opportunities” said Fisher.
Fisher is working within a network of law firms who specialize in large scale, national litigation such as these cases. The key attorney in the case is Archie Lamb of Birmingham, Alabama. Lamb has spent numerous weeks meeting with agents all over the United States and Canada listening to their desperate circumstances.
Lamb’s national practice is focused on mass torts and class-actions. Lamb previously represented the California Medical Association and numerous other medical societies against the HMO industry. Lamb and Fisher are also collaborating on the State Farm case with The Sizemore Firm out of El Segundo and the Whatley Kallas Firm out of New York City.
All agents are encouraged to contact this group with any and all questions regarding a potential claim at 1-205-324-4644. All calls and inquiries will be kept confidential.[/FONT]
[FONT=Verdana, Arial, Helvetica]LAWSUITS FILED AGAINST STATE FARM MUTUAL AUTOMOBILE
INSURANCE COMPANY
Friday, July 13, 2012: State Farm Agent, Jack Tahanian filed a lawsuit today in Los Angeles County Superior Court against State Farm Mutual Insurance Company. The lawsuit accuses State Farm of fraud and deceit in the way the company presented its “new market” business model. In addition to the fraud claims, Tahanian’s lawsuit makes additional claims under California’s Unfair Competition Law.
John Fisher, one of Tahanian’s attorneys says “There are an estimated 3000 “new market” or “scratch” agents suffering under the extremely adverse conditions created by State Farm’s scheme. This estimated number doesn’t reflect a larger number of agents whose contracts have been terminated by State Farm, or who had to completely walk away from their agency due to the detrimental impact of the State
Farm agent contract.”
"The number of adversely affected agents we have been in contact with in the last several weeks is extraordinary. Hundreds of agents from all over the United States and Canada are in desperate financial trouble and are seeking relief from State Farm’s schemes. Many of these agents have suffered severe financial ruin, and have been forced to either seek protection by filing for bankruptcy protection, or are on the verge of doing so. The similarities in each of their stories of their treatment are strikingly similar. This program is a shocking failure and State Farm continues to promote it in a positive light, knowing full well they are dooming the vast majority of these men and women to financial ruin. It is truly a disgrace to the company’s long history of commitment to its agents. It’s also a disgrace to the legacy of a company that once represented the elite in insurance agency opportunities” said Fisher.
Fisher is working within a network of law firms who specialize in large scale, national litigation such as these cases. The key attorney in the case is Archie Lamb of Birmingham, Alabama. Lamb has spent numerous weeks meeting with agents all over the United States and Canada listening to their desperate circumstances.
Lamb’s national practice is focused on mass torts and class-actions. Lamb previously represented the California Medical Association and numerous other medical societies against the HMO industry. Lamb and Fisher are also collaborating on the State Farm case with The Sizemore Firm out of El Segundo and the Whatley Kallas Firm out of New York City.
All agents are encouraged to contact this group with any and all questions regarding a potential claim at 1-205-324-4644. All calls and inquiries will be kept confidential.[/FONT]