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Stock impact report

Texas Supreme Court reverses nuclear verdict involving Werner crash [Yahoo! Finance]

Werner Enterprises, Inc. (WERN) 
Last werner enterprises, inc. earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.werner.com
Company Research Source: Yahoo! Finance
The Texas Supreme Court ruled in favor of Werner Enterprises for a case involving a fatal crash that was poised to put tremendous liability on the carrier, according to a June 27 opinion The ruling reverses a state appeals court decision that held the carrier and its driver liable for over $100 million in damages . The Texas Supreme Court described the crash as a tragic accident on an icy interstate. The court dismissed the lawsuit, which involved a F-350 pickup truck crossing a 42-foot median and crashing into a tractor-trailer, killing a 7-year-old boy and injuring other family members. Due to the crash, the boy's sister became quadriplegic. The ruling from Texas' highest court rebuts lower courts that sided with the family in a monumental reversal, following the 2014 crash. While the financial stakes were high, President and Chief Legal Officer Nathan Meisgeier noted the continuing somberness of the fatal crash. “We have not and will not lose sight of the tragic loss the Show less Read more
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