On Friday, the Sixth Circuit reinstated a $15.6 million jury verdict awarded to Cranpark, Inc. in its promissory estoppel suit against Rogers Group, Inc. (“RGI”). In 1998, representatives from RGI and James Sabatine, the owner of Hardrives Paving and Construction, Inc. (“Hardrives”), for whom Cranpark is the successor-in-interest, met to discuss a possible joint venture … Continue Reading
In The Heil Co. v. Evanston Insurance Co. (No. 11-6252), the Sixth Circuit vacated a jury’s verdict and its award of $2 million in punitive damages in favor of The Heil Company. The lawsuit arose out of Evanston Insurance Company’s defense of a wrongful death suit brought against Heil. Heil sued Evanston in 2008 for Evanston’s … Continue Reading
In Michigan First Credit Union v. CUMIS Insurance Society, Inc.pdf, Nos. 09-1925/1970 (6th Cir. May 24, 2011), the Sixth Circuit affirmed a $5 million + jury verdict arising from an insurer’s refusal to pay under a fidelity bond where the insured’s employees approved scores of bad loans in alleged “conscious disregard” of the insured’s policy. … Continue Reading