Fuller-Austin Insulation Verdict is Cited as a "2003 Top Ten Verdict" in The National Law Journal
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-
date:
01/12/2004
2003 Top 10 Verdicts
Compiled by The National Law Journal and Verdictsearch.
(As seen in the Monday January 12, 2004 issue of The National Law Journal)
|
Rank |
Amount |
Case Type |
Name of Case |
|
1. |
$11,863,600,000 |
Fraud |
Alabama Dept. of Conservation & Natural Resources v. Exxon Corp. |
|
2. |
$934,000,000 |
Breach of contract |
Beckman Coulter Inc. v. Dovatron Int'l Inc. |
|
3. |
$520,600,000 |
Patent Infringement |
Eolas Technologies Inc. v. Microsoft Corp. N.D.III., No. 99-CV-626 (Aug. 11) |
|
4. |
$416,000,000 |
Breach of contract |
Saudi Basic Industries Corp. v. Mobil Yanbu Petro Chemical Co. Inc. Del. Super. Ct., No. 00C - 07 - 161 (March 21) |
|
5. |
$383,300,159 |
Insurance (indemnity) |
International Paper v. Affiliated FM Ins. Co. San Francisco Co., Calif., Super, Ct., No. 974350 (July 15) |
|
6. |
$318,750,000 |
Fraud |
Volumetrics Medical Imaging Inc. v. ATL Ultrasound Inc. M.D.N.C., No. 01-CV182 (Aug. 25) |
|
7. |
$254,604,684 |
Breach of contract |
Buettner v. Bertelsman AG Santa Barbara Co., Calif., Super Ct. (Dec 11) |
|
8. |
$250,000,000 |
Products liability |
Whittington v. U.S. Steel Madison Co., ILL., Cir. Ct., No. 02-L113 (March 28) |
|
9. |
$212,340,880 |
Breach of Contract (counterclaim) |
Texlon Corp. v. Smart Media of Delaware Summit Co., Ohio. Ct. C.P., No. CV98-12-4664 (Sept. 18) |
|
10. |
$188,739,014 |
Insurance (asbestos) |
Fuller-Austin Insulation Co. v. Lloyd's of London Los Angeles Co., Calif., Super. Ct., No. BC116835 (May 5) |
Note: Top 10 Verdicts records only the amounts actually awarded by juries.
Following a California Superior Court jury trial, Morgan Lewis lawyers* secured a $188 million award for Fuller-Austin Insulation Company against three non-settling insurance companies in an asbestos coverage action that drew national attention. This jury award, currently accruing interest at the rate of over $30,000 a day, was one of the nation's "Top 10" jury awards in 2003. In this action, the jury found that all of the general liability limits left on policies issued by London Market Insurers, Highlands Insurance Company, and Stonewall Insurance Company, must be made available by the insurers to pay the asbestos claimants. The jury unanimously rejected the insurance company defendants’ affirmative defenses of lack of cooperation, collusion and unclean hands. The key partner on this matter was Michel Horton in our Los Angeles office.
*This case was handled by Morgan Lewis lawyers who formerly practiced with Zevnik Horton LLP.