Antitrust

Lieff Cabraser, together with Justice Catalyst, the National Consumer Law Center, Public Counsel, and Towards Justice, represent plaintiffs in a class action lawsuit alleging that the prices of bail bonds in California have been unlawfully inflated by a price-fixing conspiracy. The suit alleged that “sureties”—the companies that back the bonds sold by retail bond agents—have orchestrated a default price of 10% of the bond amount, and have then worked to eliminate discounting that would otherwise have occurred if the market operated competitively. This first-of-its-kind case challenges the alleged conspiracy among sureties and bail agents to inflate bail bond prices.

The defendants include surety companies and certain bail agents operating in California, including Seaview Insurance, American Surety, Allegheny Casualty, International Fidelity, and several others.

According to the Complaint, bail bonds are sold by thousands of bail agents. The non-refundable premiums they charge on the bonds are ultimately controlled by a much smaller group of sureties, who underwrite those bonds, much like insurers. The sureties, in concert with bail agents, have allegedly engaged in a long-running anticompetitive conspiracy to keep bail bond premiums higher than they would be if the California bail-bonds market functioned competitively.

This class action seeks damages for the hundreds of thousands of Californians who overpaid for unlawfully inflated bail bond premiums, and to prevent this unlawful overcharging to continue.

If you purchased a bail bond in California from 2004 to the present, you may have a claim, and we welcome an opportunity to talk with you. You can contact an antitrust attorney at Lieff Cabraser by using the form below, or call us toll-free at 1-888-886-9368. There is no charge or obligation for our review of your case.