Crane To Pay $18M To Settle 'Lumpy' RV Suit

Law360, New York (April 21, 2009, 12:00 AM EDT) -- Crane Co. has agreed to pay nearly $18 million to settle a suit brought by Coachmen Industries Inc. over defective recreational vehicle sidewall materials, nearly three months after a jury found Crane liable for the defects.

The Jan. 27 verdict by the jury in the U.S. District Court for the Northern District of Indiana only decided the question of liability. A second jury was slated to determine the amount of damages later this year, but before that could take place, the companies engaged in mediation....
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