Court Upholds Jury’s $22.5 Million Judgment for Glasslam
The Eleventh Circuit Court of Appeals in Atlanta has denied an appeal of the $22.5 million judgment for plaintiff Glasslam (also known as Nebula) levied against multi-national company Reichhold Inc. in the United States District Court for the Southern District of Florida.
Glasslam N.G.I. Inc. of Pompano Beach, Fla., sued Reichhold Inc. in 2002 for breach of contract, breach of express warranty and breach of implied warranty stemming from the alleged failure of Reichhold products to perform as expected.
In 2004, a jury found in favor of Glasslam and awarded the company more than $22 million. Reichhold followed by filing an appeal of the judgment, which was denied by the Court of Appeals.
“The actions of Reichhold hurt our business severely,” said Steve Howes, president of Glasslam. “We had to be tenacious in attempting to right this wrong.”
Howes said that the defendants had to provide a bond for the full award amount when filing the appeal.
Reichhold Inc. was contacted for comment, but did not respond.
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