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Coachmen Industries, Inc.
Coachmen Wins Liability Portion of Lawsuit Against Crane Composites, Inc.
February 22nd, 2009
Coachmen Industries, Inc. (NYSE:COA) announced that it and four of its RV operating subsidiaries (Coachmen) received a favorable verdict against Crane Composites, Inc. f/k/a Kemlite for breach of contract and multiple warranty claims arising from the sale of defective sidewall material to Coachmen. All of the counts alleged in the original complaint were found in favor of Coachmen. The remaining phase of the trial will determine the amount of damages payable on this liability judgment. In its complaint, Coachmen has asserted claims for warranty-related expenses in excess of $19 million and total potential claims of over $85 million. "We are very...
Source: Pharma Investments, Ventures & Law Weekly (2009-02-22)
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