GEICO Narrows New Jersey Auto Insurance Leasees’ Class Action

One of two classes of GEICO customers in New Jersey shouldn’t have been certified by a district court, the Third Circuit ruled Monday.

Sherry and David Lewis didn’t have standing to sue GEICO alleging that the insurer’s condition-adjusted car valuation harmed them, because the company ultimately paid them more than the value of that alleged harm. So they couldn’t bring a class action on that theory, Judge Arianna J. Freeman said. However, the lower court properly certified a class of New Jersey GEICO customers over its prior policy of not paying taxes and fees to leasees.

Sherry and David’s daughter ...