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Fla. Judge Signs Off On $79M Settlement In Geico Tax Row
Law360 (February 5, 2021, 4:39 PM EST) A Florida federal judge granted final approval Friday to a settlement worth approximately $79 million over claims that Geico shorted drivers by failing to pay sales tax and transfer fees on totaled leased vehicles, ending the insurer s appeal of an earlier adverse judgment.
The deal provides more than 100% of the relief originally sought by plaintiffs in a pair of class actions, according to the plaintiffs motion for final approval. It replaces a $6.5 million judgment that U.S. District Judge William P. Dimitrouleas entered in 2018 in favor of the plaintiffs in a case brought by plaintiff Kerry Roth, but Geico.