Saturday, December 12, 2015
Did you get stuck with CalPERS long-term care insurance?
A lawsuit seeking to reverse hefty rate hikes for some CalPERS long-term care programs recently moved closer to receiving class-action status, strengthening prospects that a single case will cover up to 150,000 policyholders. A tentative decision by Judge Jane L. Johnson late last month certified the case as a class-action matter. Then, after lengthy debate in her Los Angeles County courtroom, she allowed both sides time to file written arguments ahead of her final decision. CalPERS lawyers have until Dec. 21 to file their arguments. Lawyers with three firms representing the plaintiffs must respond by Jan. 15. Johnson will issue a final decision in late January or early February, said Stuart Talley, one of the six attorneys suing CalPERS...
Full story at http://www.sacbee.com/news/politics-government/the-state-worker/article49258410.html