Northern District of California Court at 450 Golden Gate in San Francisco, California. Photo: Jason Doiy/ALM

A putative class action accusing California-based CIBA Insurance of operating a "Ponzi scheme" in concert with other licensed insurance carriers has been voluntarily dismissed without prejudice in federal court in San Franciso nearly four months after it was filed.

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Greg Land

Greg Land covers topics including verdicts and settlements and insurance-related litigation for the Daily Report in Atlanta.