Heartland Express Inc. said that a mediated agreement has been reached settling a multiple (four) fatality lawsuit filed in Knoxville, Tenn., arising from an accident of June 21, 2002.
This lawsuit sought relief of approximately $55 million for compensatory damages and $100 million for punitive damages. One lawsuit remains of the three lawsuits originally filed in July 2002. The one remaining wrongful death lawsuit (single fatality) filed in 2002 seeks relief of approximately $10 million for compensatory damages and $100 million for punitive damages.
The settlement agreement forbids disclosure of the terms of the settlement however a spokesman for the company indicated the settlement was well within the company's insurance limits. The remaining litigation is not expected to have an adverse effect on the dompany's financial condition.
This lawsuit sought relief of approximately $55 million for compensatory damages and $100 million for punitive damages. One lawsuit remains of the three lawsuits originally filed in July 2002. The one remaining wrongful death lawsuit (single fatality) filed in 2002 seeks relief of approximately $10 million for compensatory damages and $100 million for punitive damages.
The settlement agreement forbids disclosure of the terms of the settlement however a spokesman for the company indicated the settlement was well within the company's insurance limits. The remaining litigation is not expected to have an adverse effect on the dompany's financial condition.
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