Steven Sklaver’s work has wide and meaningful impact. Sklaver is a pioneer in insurance class action litigation. To date he has secured nearly $1 billion in settlements for insurance policy holders who allege that their insurance companies have overcharge cost of insurance rates. His work has been praised by courts and clients alike for the substantial relief obtained. Sklaver was lead counsel for a certified class of insurance policy owners, helping them achieve what the SDNY described as “the best settlement pound for pound for the class that I’ve ever seen.”
In 37 Besen Parkway v. John Hancock Life Insurance Company, Sklaver secured a $91.25 million settlement for insurance policy owners against John Hancock Life Insurance Company. Judge Paul Gardephe described the settlement as a “quite extraordinary . . . result achieved on behalf of the class.” Most recently Sklaver secured a $307.5 million deal for a putative class of plaintiffs who challenged AXA’s 2016 hike of cost on insurance rates on hundreds of elderly insureds.
Sklaver’s impactful work is not limited to the insurance sector. Sklaver previously represented former members of the legendary rock group The Turtles in Flo & Eddie, Inc. v. SiriusXM in a certified class action lawsuit where Sirius XM agreed to pay at least $25.5 million and royalties under a 10-year license as compensation for publicly performing without a license Pre-1972 sound recordings.
Within six months after the Sirius XM class action settled, so did Sklaver’s copyright class action brought on behalf of artists owed mechanical royalties for compositions made available by Spotify, the leader in digital music streaming. Spotify agreed to a class action settlement valued at over $112 million.
Updated Oct 2024