Girard Sharp served as lead counsel in a consolidated class action brought on behalf of investors against a major bank for furthering a Ponzi scheme. After several years of litigation in bankruptcy court and district court, the parties reached a $54.5 million settlement approved by the court in December 2021.
Girard Sharp served as co-lead counsel in this action in the Western District of Texas. The lawsuit alleged that USAA overcharged policy owners in excess of allowed charges under their policies’ “cost of insurance” terms. The court in 2021 approved a $90 million settlement with USAA Life Insurance Co. Class members will receive distribution checks by mail without the need to make claims. The average recovery is over $500 per class member.