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...
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