Clear Choice Health Plans announced it concluded a settlement agreement that completely absolves the company against liabilities related to a lawsuit filed in 2007 by Priscilla Evans and Dale Evans in Deschutes County Oregon Circuit Court.
Pursuant to the terms of the settlement agreement, the plaintiff will receive $1.5 million. The lawsuit sought to recover damages of $20 million, plus attorneys’ fees. The settlement was covered by insurance, with the company only being responsible for its deductible.
Clear Choice said that although it has always believed that the company had strong meritorious defenses, management concluded, in consultation with its insurance company, that it was in the best interests of the company, employees, customers and shareholders to settle this litigation and put the matter behind it. The settlement will have no material impact on the company’s financial results.
