Business Services Industry
CONTAMINATION CASE SETTLED FOR $7 MILLION: DEAL RENDERED LARGE JURY AWARD MOOT.
Business Insurance, April, 1999 by BRADFORD, MICHAEL
DALLAS-A Dallas car dealer and a property owner will get $7 million in an environmental damage case that settled just before a jury awarded more than three times that amount. The jury found that Texas Instruments Inc. had, since the 1940s, negligently allowed chemicals used in manufacturing to migrate from its facility and contaminate soil and ground water at Eagle Lincoln-Mercury Inc.
The property, which is next to the plant, is owned by Three Birds Property Co. in Dallas. The two plaintiffs were awarded $13.3 million in actual damages and $10 million in punitive damages when the state court jury in Dallas decided late last month that Texas Instruments had allowed the chemicals to contaminate the site and then fraudulently concealed the problem. The award...
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Business Articles
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions
