Thursday, June 5, 2008
"The biggest Katrina judgment in Louisiana..."
Posted by Kevin Allman on Thu, Jun 5, 2008 at 4:46 PM
Marc Robert II, owner of the Robert Fresh Market chain, has been awarded $21 million by a federal jury that ruled his insurer, United Fire & Casualty, failed to pay for Katrina damage. Robert's attorney, Philip Franco, is calling it "the biggest Katrina judgment in Louisiana or Mississippi that we know of."
Read the Associated Press report here.
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According to that AP report, "Three stores — including one closed before the hurricane, and another for which Robert lost the lease because he ran out of money to pay $30,000 a month rent, will not reopen, Franco said. He said Robert hopes to reopen the fifth once he gets money from the judgment and an agreement on repairs with the building’s owners, who were awarded $1 million — half for lost rent and half in penalties." Does anyone know which stores are referred to specifically here?
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