Follow on Google News News By Tag * Charles D Naylor * Maritime * Law * Attorney * Lawyer * Chrysler * Wrongful Death * Settlement * California * More Tags... Industry News News By Place Country(s) Industry News
Follow on Google News | Chrysler Bankruptcy Court Approves $24 Million Payout for Wrongful Death Action of Maritime WorkerCase settled while on appeal from verdict finding Chrysler’s disregard of consumer safety led to the death of Port of Los Angeles maritime worker, and father of three children.
By: Holly Naylor "Richard was a loving husband and father who was just 38 years old when he died," said Richard Mraz’s wife, Adrianna. "When I found out that many people have been injured by the same defect, and some even killed, I was determined to hold Chrysler accountable and send a strong message to all automakers that they must put safety first.” Naylor and Nelson, along with Scott P. Nealey of Lieff Cabraser, served as co-counsel in the action. They demanded that Chrysler post an appeal bond which guaranteed the automaker’s ability to pay the $55.4 million verdict awarded by a Los Angeles jury in 2007. “The appeal bond was a key factor,” said Naylor, a 34-year maritime attorney. “Had we agreed to Chrysler’s request to waive an appeal bond two years ago, the unexpected bankruptcy filing this year would have left the Mraz family without a dime for the tragic and preventable death of its breadwinner, husband and father.” "We’re gratified that the Bankruptcy Court has approved the settlement, and the action has been resolved,” said Nelson, who also served as lead appellate attorney. “We hope that the new Chrysler Corporation will never put short-term profits ahead of the safety of its customers." Chrysler Corporation (formerly DaimlerChrysler) This summer, the U.S. Bankruptcy Court lifted the stay and allowed direct negotiations to occur with appeal bond issuer, Safeco Insurance Company. At the center of the settlement negotiations was the issue of how compensation to the Mraz family would impact Chrysler's creditors due to the structure of the appeal bond. Safeco posted an $81 million bond to guarantee payment of the judgment and post-judgment interest. “Ultimately, the $24 million settlement offered a substantial return to Chrysler’s creditors while providing fair compensation to the Mraz family, our ultimate goal,” said Naylor, of Law Offices of Charles D. Naylor, a maritime law firm. The settlement was approved by Judge Arthur J. Gonzalez of the U.S. Bankruptcy Court, Southern District of New York, who is presiding over the Chrysler bankruptcy filing. In 2007 a Los Angeles Superior Court jury awarded $55.4 million, including $50 million in punitive damages, to the family of 38-year-old Mraz, who died after being hit and run over by a Dodge Dakota while working in the Port of Los Angeles in 2004. Attorneys for Mraz – Naylor, Nelson and Nealey – successfully argued that a “park-to-reverse” About Law Offices of Charles D. Naylor Since 1975, the Law Offices of Charles D. Naylor has been compassionately and aggressively representing injured maritime workers, including seamen, longshore workers and marine construction workers, and cruise ship passengers and crew. With more than 100 years combined experience, our attorneys specialize in Maritime Personal Injury, Jones Act, Longshore & Harbor Workers Compensation Act and Cruise Ship Injury. Charles D. Naylor received California Lawyer magazine’s prestigious CLAY Award in 2008, has an AV rating from Martindale-Hubbell and has been recognized by Southern California Super Lawyers as one of the “top attorneys in Southern California” (2007- 2009). For more information, visit http://www.naylorlaw.com. About Lieff Cabraser Heimann & Bernstein, LLP With three offices nationwide and on the web at www.lieffcabraser.com, Lieff Cabraser is one of the largest law firms in America dedicated solely to advancing the rights of plaintiffs. For the last six years, The National Law Journal has selected Lieff Cabraser as one of the top plaintiffs' law firms in the United States. Vehicle owners who wish to learn more about the park-to-reverse defect, and report their experience, should visit http://www.usautoinjurylaw.com/ End
Account Email Address Disclaimer Report Abuse
|
|