Texas Court Upholds $604,000,000 Verdict Against C.H. Robinson
CHRW C.H. Robinson Worldwide Inc
$140.57 +1.24%
View chart & analysis → - 1A Dallas County, Texas judge upheld a $604,025,000 verdict against C.H. Robinson (CHRW)
- 2The lawsuit concerns an accident in March 2021 that resulted in three deaths, with an additional $107,000,000 in pre-judgment interest recognized separately
- 3The jury determined that the driver was under the company's control, which could set a precedent for the brokerage industry if upheld on appeal
So what's the key point?
A Texas court upheld a damages verdict of over $600,000,000 against freight brokerage firm C.H. Robinson. The court also separately recognized approximately $107,000,000 in interest, and the stock price fell 3.01% on this news.
Source FreightWaves · View original ↗
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