A Philadelphia judge has tossed out a $3 million verdict awarded to a real estate broker that sued its insurer and lawyer after it was hit with an $11.4 million verdict in a defamation suit. Lawyers for the broker brought claims against both the insurer and lawyer for failing to settle the defamation case before trial. The judge found that the plaintiff had not suffered any true damages because the insurer had agreed to guarantee the judgment in the case and later settled for $8.5 million.
February 08, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A Philadelphia Common Pleas judge has tossed out a $3 million verdict awarded to a real estate broker that sued its insurer and lawyer after it was hit with an $11.4 million verdict in a defamation suit.
In his 68-page opinion in Miller v. Continental Casualty Co., Judge Allan L. Tereshko found that the plaintiff had not suffered any true damages because the insurer had agreed to guarantee the judgment in the defamation case and later settled the case for $8.5 million.
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