State Farm Ducks Racketeering Trial With $250 Million Accord
- Customers sought $8.5 billion damages in Illinois federal case
- Company denies wrongdoing; final fairness hearing in December
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State Farm agreed to pay $250 million on the brink of a trial to customers who claimed the company tried to rig the Illinois justice system to wipe out a $1 billion jury verdict from 19 years ago.
The customers were seeking as much as $8.5 billion in damages in a civil racketeering trial that was set to start Tuesday in federal court in East St. Louis, Illinois. A judge granted preliminary approval to the accord and set a final fairness hearing for December.