CCP wins federal court verdict
CAMDEN, N.J. – A New Jersey Federal Court jury has found that Cook Composites and Polymers did not breach a warranty applicable to CCP’s gel coat used on yachts manufactured by Viking Yacht Company and Post Marine, according to a press release from Buchanan Ingersoll & Rooney PC posted on www.sunherald.com.
Following three days of deliberations, the jury also found, in its July 24 verdict, that CCP was not liable for any of the damages claimed at trial, according to the release. Buchanan wrote that its attorneys had “obtained a complete victory” for CCP in a five-week federal jury trial stemming from a $405 million lawsuit filed by Viking and Post in December 2004.
In an earlier summary judgment ruling, the Buchanan attorneys persuaded the Court to dismiss a variety of other claims and to dismiss a co-defendant of CCP’s, Composites One LLC, from the lawsuit, according to the release.
“The defense verdict is a significant victory for CCP and Buchanan Ingersoll & Rooney,” Buchanan wrote in its release. “It caps nearly five years of contentious litigation with extensive discovery and motion practice, and vindicates CCP’s gel coat products, which continue to be widely sold and used in the marine and other industries.”
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