Wabash National Says A Jury Awarded Compensatory Damages Of $12M And Punitive Damages Of $450M Against Company In Lawsuit In Which It Was Named As Co-defendant - Filing
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Wabash National faces a jury award of $12M in compensatory damages and $450M in punitive damages related to a vehicle accident lawsuit. The company believes insurance will cover compensatory damages but the outcome could impact its financial condition.
September 06, 2024 | 10:23 am
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Wabash National has been ordered to pay $12M in compensatory and $450M in punitive damages in a lawsuit related to a fatal vehicle accident. The company believes insurance will cover compensatory damages, but the financial impact remains uncertain.
The large punitive damages award of $450M could significantly impact Wabash National's financial condition, despite insurance potentially covering compensatory damages. The uncertainty of the final judgment and potential legal options adds to the risk.
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