Results & Settlements

$560,000 Recovery during Trial on Business Dispute

NJ Litigation

Jeffrey W. Varcadipane secured a settlement of $560,000 on behalf of business client who sued its insurer for business interruption losses it sustained when its New York City Building sustained water damage, resulting in lost rents. The Insurance company’s expert determined that the insurer was only responsible for $260,000. VP’s client’s expert determined that its client was entitled to $560,000 in covered losses. During trial, the insurer agreed to pay VP’s client $560,000. The case was litigated in Bergen County Superior Court and tried in February 2018.

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