The U.S. Court of Appeals for the Eleventh Circuit unanimously upheld Alabama-based U.S. District Judge R. David Proctor’s August 2022 approval of a $2.67 billion settlement, which followed nearly a decade of litigation involving allegations from individual policyholders, businesses, and others.
This settlement, which is one of the largest antitrust settlements ever achieved without government involvement, resolves civil antitrust claims by subscribers that Blue Cross Blue Shield Association and member plans conspired to drive up health insurance costs. Boies Schiller Flexner Chairman David Boies is quoted by Reuters calling the settlement "historic" and said "consumers across the country will now benefit from the increased health care insurance competition, and substantial monetary award, that this settlement provides."
The full team representing the plaintiffs include David Boies, Hamish Hume, Adam Shaw, Alex Boies, and Eric Palmer.