4th Circ. Revives $13M Liberty Mutual Bad-Faith Verdict

Law360, New York (February 10, 2014, 5:34 PM EST) -- The Fourth Circuit on Monday reinstated a jury’s $12.5 million verdict finding Liberty Mutual Fire Insurance Co. acted in bad faith when settling five underlying property-damage suits against a window and door manufacturer, ruling the insurer need not have caused actual damages to be liable for punitive damages.

A unanimous panel held that a South Carolina federal judge overstepped in erasing the punitive damages award on the grounds that J.T. Walker Industries Inc. and its subsidiary MI Windows & Doors Inc. had suffered no monetary harm from...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Liberty Mutual Fire Insurance v. JT Walker Industries, Inc.


Case Number

12-2256

Court

Appellate - 4th Circuit

Nature of Suit

4110 Insurance

Date Filed

October 11, 2012


Case Title

Liberty Mutual Fire Insurance v. JT Walker Industries, Inc.


Case Number

12-2350

Court

Appellate - 4th Circuit

Nature of Suit

4110 Insurance

Date Filed

October 31, 2012

Law Firms

Companies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.