BusinessWeek reports that a jury in federal district court in Illinois has awarded $81 million in compensatory damages and $100 million in punitive damages against ConAgra Foods, Inc. The case involves an explosion in a grain elevator in 2010 that left three workers severely injured. Interestingly, ConAgra says the entire amount is covered by insurance. I suspect their insurers may disagree. I don't know what law is being applied in this particular case but in most states, including California, punitive damages are not insurable (notwithstanding some arguments to the contrary).
June 2, 2012
Illinois jury awards $100 million in punitive damages against ConAgra
Posted by
Curt Cutting
at
9:48 PM