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Showing posts with label Limited liability company. Show all posts
Showing posts with label Limited liability company. Show all posts

Thursday, November 28, 2013

Injured plant worker is awarded $28 million

Today's post was shared by votersinjuredatwork and comes from www.kansascity.com

A plant worker in Lebanon, Mo., has been awarded $28 million after a jury found an air conditioner compressor manufacturer responsible for causing a serious respiratory injury.
The jury verdict, reached last week in Laclede County, Mo., requires Copeland Scroll Compressors LLC to pay Philip Berger $23 million in punitive damages and $5 million in actual damages. Berger was represented by the Independence law firm of Humphrey, Farrington & McClain.
The worker contracted a lung inflammation after allegedly being exposed to mold, microbes and bacteria found in the fluids that the plant used to cool cutting tools and workplace surfaces, the law firm said.
Copeland is owned by Emerson Climate Technologies of St. Louis County. Copeland’s lawyer, Joseph Orlet, said that the plant is a “very safe work environment” and that management follows safety standards. Emerson plans to appeal.
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Thursday, July 7, 2011

Distracted Driving Increases Workers' Compensation Risks

In a recent video interview, Jon Gelman, spoke about the serious workers' compensation and liability risks that employers face flowing from distracted driving.

For the complete interview click here.

Monday, May 9, 2011

Majestic Insurance Files for Bankruptcy

Another workers' compensation insurance company has filed for bankruptcy protection. Majestic Capital Limited, has filed for Chapter 11 with over $50 Million in liabilities.

In re Majestic Capital Ltd, 11-36225, U.S. Bankruptcy Court, Southern District of New York (Poughkeepsie).

Majestic Capital, Ltd. (Majestic Capital) (Nasdaq: MAJC) today announced that on Friday, April 29, 2011, it commenced bankruptcy proceedings by filing a petition under Chapter 11 of the US Bankruptcy Code. Such filing was made in the United States Bankruptcy Court for the Southern District of New York (the "Court") and was assigned case no. 11-36225.

Simultaneously with such filing, the following Majestic Capital subsidiaries also commenced bankruptcy proceedings under the jurisdiction of the Court by filing petitions pursuant to Chapter 11 of the US Bankruptcy Code under the case numbers indicated below:
Name of Subsidiary  Case No.

Majestic USA Capital, Inc. 11-36221
Compensation Risk Managers, LLC 11-36226
Compensation Risk Managers of California, LLC 11-36230
Eimar, LLC 11-36232
Embarcardero Insurance Holdings, Inc. 11-36234

Majestic Capital and its above-mentioned subsidiaries remain in possession of their respective assets and business, but subject to the supervision of the Court.

Trading in Majestic Capital's common stock on the Nasdaq Capital Market was halted today, and shall remain halted through the effective date of Majestic Capital's voluntary delisting pursuant to the notice of delisting that it filed with the SEC on April 29, 2011.

About Majestic Capital, Ltd.

Majestic Capital, through its subsidiaries, is a specialty provider of workers' compensation insurance products and services. Further information aboutMajestic Capital and its business can be found on Majestic Capital's website at http://www.MajesticCapital.com.