Lexon Insurance Co. and Danielson National Insurance Co. won final approval of a $3 million deal to settle antitrust claims that they inflated the price of bail bonds in California.
Judge Jon S. Tigar of the US District Court for the Northern District of California in a Friday order said the deal appears to be the “product of intensive, thorough, serious, informed, and non-collusive negotiations” and had “no obvious deficiencies.”
The order dismisses the insurance providers from a case first brought in 2019 by a plaintiff claiming he paid an unlawfully inflated bail bond premium to post bail on behalf ...
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