CSX Nets Triple Damages In Asbestos Fraud Suit Against Attys

Law360, New York (September 26, 2013, 5:54 PM ET) -- A West Virginia federal judge tripled the damages awarded to CSX Transportation Inc. on Wednesday in a racketeering lawsuit against two lawyers who allegedly hatched a plot with a radiologist to fabricate asbestos claims, awarding the railroad company $1.3 million.

U.S. District Judge Frederick Stamp Jr. granted CSX's motion arguing that the Racketeer Influenced and Corrupt Organizations Act requires that damages awarded under the law be trebled. A jury determined in December that lawyers Robert Peirce and Louis Raimond, both previously of the defunct Pittsburgh law...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required