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Plaintiffs lack standing to pursue antitrust class action against insurance company subsidiaries

USA - December 27 2011 In Perez v. State Farm Mut. Auto. Ins. Co., 2011 WL 5833636 (N.D. Cal. Nov. 15, 2011), the U.S. District Court for the Northern District of California dismissed an antitrust class action against the wholly owned subsidiaries of several auto insurance companies on the basis that the named plaintiffs lacked standing to sue the subsidiaries....