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Suit filed by Dem LA AG against insurance companies is dismissed

From NOLA.com

A federal judge dismissed an anti-trust lawsuit by the Louisiana attorney general against property insurance companies and their vendors Wednesday morning for lack of evidence.

“I just don’t feel that there were any facts sufficient to support this,” U.S. District Court Judge Jay Zainey said in granting a motion by insurers to dismiss the case.

Former attorney general Charles Foti filed suit in November 2007 after a number of plaintiffs attorneys in New Orleans with hurricane insurance cases expressed concern that competing insurers were in fact behaving as a cartel and were conspiring to underpay claims.

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