AERT case to go to trial.Advanced Environmental Technologies Inc., Springdale, Ark., will face Certain Underwriters Lloyds of London Lloyds of London A marketplace in London for underwriting syndicates. in court to settle outstanding claims related to a fire at the AERT AERT Advanced Environmental Recycling Technologies, Inc AERT Animal Emergency Response Team Junction, Texas Junction is a city in Kimble County, Texas (USA). The population was 2,618 at the 2000 census. It is the county seat of Kimble CountyGR6. Geography Junction is located at (30.489772, -99. , plant in early 2003. According to a report in the Arkansas Democrat Gazette, Judge Mark A. Lindsay of the Fourth Judicial Court in Arkansas ruled that the plastic decking maker will face its former insurer in court. AERT is seeking a $2.4 million settlement as well as attorney and court fees and punitive damages Monetary compensation awarded to an injured party that goes beyond that which is necessary to compensate the individual for losses and that is intended to punish the wrongdoer. from Lloyds, according to the report. The insurance company originally sued AERT in January of 2005, seeking a declaratory judgment declaratory judgment In law, a judgment merely declaring a right or establishing the legal status or interpretation of a law or instrument. It is binding but is distinguished from other judgments or court opinions in that it includes no executive element (an order that that it was not liable to reimburse AERT for certain costs of rebuilding the Junction plant because AERT allegedly did not rebuild the facility exactly as it was prior to the fire. AERT countersued that same month, alleging that Lloyd's acted in bad faith by failing to honor its contract. Lindsay ordered both sides to participate in a 45-day mediation, which did not lead to a resolution. In his opinion, Judge Lindsay threw out $900,000 in building and structure loss claims, reducing the amount AERT could collect, according to the report in the Democrat Gazette. |
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