Supreme Court Rejects Home Depot's Objection, Upholds $2.7B Blue Cross Settlement
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The U.S. Supreme Court has declined to hear Home Depot's objection to a $2.7 billion settlement against Blue Cross Blue Shield, effectively upholding the antitrust agreement and a $667 million fee award for class attorneys. Home Depot had argued that the settlement would restrict future antitrust claims and that the fee award was excessive.
June 25, 2024 | 6:17 pm
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The U.S. Supreme Court has declined to hear Home Depot's objection to a $2.7 billion settlement against Blue Cross Blue Shield, effectively upholding the antitrust agreement and a $667 million fee award for class attorneys. Home Depot had argued that the settlement would restrict future antitrust claims and that the fee award was excessive.
The Supreme Court's decision to reject Home Depot's objection to the settlement could be seen as a legal setback for the company, potentially limiting its ability to pursue future antitrust claims against Blue Cross. This has already resulted in a 3.8% drop in HD shares.
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