A court-authorized notice of a second payment was sent in the class action lawsuit, Sanchez v. Visual Pak Company, et al., Case No. 2018 CH 2651. In August of 2021, the Circuit Court of Cook County approved a Settlement between Plaintiff Sanchez and Defendant Visual Pak Company. (“Visual Pak Settlement”). Upon Final Approval of the Visual Pak Settlement Agreement, original settlement payments were made to the Settlement Class. Visual Pak also agreed, and the Court entered a Confession of Judgment and an Assignment of all of their rights under its insurance policies with The Charter Oak Fire Insurance Company and Travelers Property Casualty Company of America (“Travelers”) to Luis Sanchez (“Named Plaintiff”). The notice is about a second payment from Travelers related to insurance coverage of the judgment entered.
On February 4, 2021, Travelers filed a Complaint for Declaratory Judgment against the Named Plaintiff and the Named Plaintiff filed a Counterclaim against Travelers related to the insurance coverage provided by Travelers to Visual Pak. In March of 2024, Travelers and Named Plaintiff engaged in mediation and a settlement was reached. (“Travelers Settlement”). The Travelers Settlement would resolve Travelers’ insurance liability for the Sanchez v. Visual Pak lawsuit.
If received a Notice, you were previously certified as a member of the Settlement Class as part of the original Visual Pak Settlement. On May 29, 2024, the Court granted approval of the Travelers Settlement and has authorized an additional settlement payment to the Settlement Class. The Travelers Settlement represents further settlement proceeds which are being distributed to the certified Settlement Class. The Notice explains the nature of the class action lawsuit, the terms of the Travelers Settlement, and the legal rights and obligations of the Settlement Class Members. While the Notice and its contents have been authorized by the Court, the Court has taken no position on and has not made any rulings on the merits of Named Plaintiff’s claims, and no party has prevailed in this Lawsuit. Please read the instructions and explanations below so that you can better understand your legal rights.