NU Online News Service, Sept. 1, 3:12 p.m. EDT
The Supreme Court of California has ruled that a homeowners association cannot sue State Farm over a claim related to the Northridge earthquake while it keeps a previous settlement with the insurer.
The unanimous decision means the Village Northridge Homeowners Association will need to give back its previous settlement with State Farm and rescind a release it signed with the insurer in order to sue it for allegedly underpaying and misrepresenting policy limits, according to court documents.
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