Nationwide Looking To Reduce $42M Verdict
| By John W. Goodwin Jr., Vindicator, Youngstown, Ohio | |
| McClatchy-Tribune Information Services |
Lucarell sued the insurance giant in
The eight-member, all-male jury spent two weeks listening to evidence in the case before returning a finding in Lucarell's favor. The jury awarded compensatory damages of
The award for punitive damages was
Lucarell had been seeking
The case was heard before visiting Judge
Attorney
Lindsmith cited several past cases where the
Lindsmith argued that the compensatory award in the case should be capped at no more than
Attorneys
Reis told the court that the matter does not fall under the tort-reform statutes because the matter is work-related. The awards, he said, should be kept at the amounts awarded by the jury.
"
Reis said the cases used by Lindsmith to make his point before the court are no longer "good law" in that they have either been reversed or fall under older versions of tort-reform law.
There also was discussion on whether the verdict should be stayed until the judge has ruled on all the motions filed by Nationwide and if the insurance company should be made to hold a bond to insure payment of the awarded amount after the court issues have been ironed out.
___
(c)2012 Vindicator (Youngstown, Ohio)
Visit Vindicator (Youngstown, Ohio) at www.vindy.com
Distributed by MCT Information Services
| Wordcount: | 473 |



Magellan shares fall with loss of major contract
Advisor News
- Metlife study finds less than half of US workforce holistically healthy
- Invigorating client relationships with AI coaching
- SEC: Get-rich-quick influencer Tai Lopez was running a Ponzi scam
- Companies take greater interest in employee financial wellness
- Tax refund won’t do what fed says it will
More Advisor NewsAnnuity News
- The structural rise of structured products
- How next-gen pricing tech can help insurers offer better annuity products
- Continental General Acquires Block of Life Insurance, Annuity and Health Policies from State Guaranty Associations
- Lincoln reports strong life/annuity sales, executes with ‘discipline and focus’
- LIMRA launches the Lifetime Income Initiative
More Annuity NewsHealth/Employee Benefits News
- PLAINFIELD, VERMONT MAN SENTENCED TO 2 YEARS OF PROBATION FOR SOCIAL SECURITY DISABILITY FRAUD
- Broward schools cut coverage of weight-loss drugs to save $12 million
- WA small businesses struggle to keep up with health insurance hikes
- OID announces state-based health insurance exchange
- Cigna plans to lay off 2,000 employees worldwide
More Health/Employee Benefits NewsLife Insurance News