BELLMAN, APPELLANT,
v.
AMERICAN INTERNATIONAL GROUP ET AL., APPELLEES.
Supreme Court of Ohio.https://leagle.com/images/logo.png
Submitted December 12, 2006.
Decided May 16, 2007.
Attorney(s) appearing for the Case
Dworken & Bernstein Co., L.P.A., Patrick J. Perotti, and Melvyn E. Resnick; and E.J. Leizerman & Associates, L.L.C., and Michael Jay Leizerman, for appellant.
Sonnenschein, Nath & Rosenthal and Alan S. Gilbert, for appellee Allstate Insurance Company.
Baker & Hostetler, L.L.P., Ernest E. Vargo, Ronald S. Okada, and Brett A. Wall, for appellee Progressive Insurance Company.
Baker & Hostetler, L.L.P., Mark A. Johnson, and Roger L. Eckleberry, for appellee State Farm Mutual Automobile Insurance Company.
Hanna, Campbell & Powell, L.L.P., Frank G. Mazgaj, and Robert L. Tucker, for appellee Grange Mutual Casualty Company.
Porter, Wright, Morris & Arthur, L.L.P., Charles W. Zepp, and Daniel F. Gourash, for appellee Great Northern Insurance Company.
Ritter, Robinson, McCready & James and Shannon J. George, for appellee Safe Auto Insurance Company.
Zeiger, Tigges, Little & Lindsmith, L.L.P., John W. Zeiger, Steven W. Tigges, and Stuart G. Parsell, for appellee State Automobile Mutual Insurance Company.
Roetzel & Andress, Laura M. Faust, Laura Souza, and Bradley A. Wright, for appellee Leader Insurance Company.
Supreme Court of Ohio.
O'DONNELL, J.
{¶ 1} On June 19, 2002, Kevin Bellman, together with 23 other claimants, filed a class action lawsuit against 21 insurance carriers alleging that each had engaged in a regular practice of delaying payments on case settlements in an effort to derive financial benefit from the "float" on the settlement funds. "`Float' refers to the artificial balance created due to delays in processing credits and debits to an account." ...
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