Examples of Product Liability Claim in a sentence
While we maintain insurance coverage, in amounts which we believe are commercially appropriate, including (i) Standard fire and special perils insurance policies, (ii) Employee Compensation Insurance Policy, we may not have sufficient insurance coverage to cover all possible economic losses, including when the loss suffered is not easily quantifiable and related to Product Liability Claim.
This case is before the court on the Trustee’s Motion to Compromise and Settle a Medical Product Liability Claim and to Pay Attorney Fees, Medical Liens and Expenses that was filed on March 16, 2018.
In response to arguments that a product liability claim would fail under the “economic loss” doctrine and that Ruggles has notpresented evidence of a defect and alternative design, Ruggles says he “has not asserted a Product Liability Claim against Ventex or Neon and, therefore, the Products Liability Act does not apply.
Schedule 3.1(aa) hereto sets forth a summary of each Product Liability Claim (as defined below) in excess of $250,000 paid by the Company or the Sellers during the past five years, and each outstanding Product Liability Claim in excess of $250,000.
Within thirty (30) calendar days of the later of the filing a Product Liability Claim or the Effective Date of the Plan, the Reorganized Debtors shall provide (i) the holder of such Product Liability Claim with all relevant insurance information and advise them of the terms of the relief from the injunction provisions of the Plan to pursue such insurance (the “Insurance Information”) and (ii) provide any applicable Insurer(s) with notice that such Product Liability Claim(s) have been given such relief.