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Wakefern Food Corp.—Recovered millions from brokers and insurer, at trial and on summary judgment, for Superstorm Sandy losses

Achieved multiple wins for the largest retailers' cooperative group of supermarkets in the nation following Superstorm Sandy.  Obtained a $15.6 million unanimous jury award against Wakefern’s former insurance consultants for having improperly advised on Wakefern’s property insurance policy’s deductible; the award was upheld by the New Jersey Appellate Division against one broker (and the other settled on a confidential basis during trial).  The jury’s verdict followed entry of $4.7 million awards against Wakefern’s insurer for failing to pay Wakefern’s inventory losses at their full sales price and for improperly taking a “make-up” credit to which it was not entitled against Wakefern’s business interruption losses.  Wakefern ultimately settled, on a confidential basis, the remaining insurer claims shortly before trial.

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Media item: Sherilyn Pastor
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