$925,000 settlement

$925,000 settlement

March 22, 1999

$925,000 settlement in Breach of Insurance Contract case

BREACH OF CONTRACT INSURANCE

Injuries alleged: Refusal to pay property damages and business interruption

Name of case: DSC, Ltd v. American Manufacturer’s Mutual Ins. Co.

Court/case no.: U.S. District Court, Eastern District of Michigan, Southern Division, #98-72283

Name of judge: Patrick Duggan

Jury demand: Yes

Amount of settlement: $925,000

Date: Jan. 7, 1999

Attorneys for the plaintiff: E. Powell Miller, Andrew J. Dillon and Marc L. Newman

Attorney for the defendant: Withheld

Name/city of most helpful experts: Harold V. Meyer, CPA, Darien, Ill

Other useful information: Both sides accepted the mediation evaluation. The defendant made no offer to settle the claim prior to mediation. The case involved an accident to the bloomer at the hot mill of a steel manufacturing plant.

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