California Judge Orders Conditional Reduction of Jury Verdict Against North American Airlines
Posted on: Thursday, 2 March 2006, 18:00 CST
JAMAICA, N.Y., March 2 /PRNewswire-FirstCall/ -- North American Airlines, Inc., a wholly owned subsidiary of World Air Holdings, Inc. , announced today that Alameda County (California) Superior Court Judge Robert Freedman issued an order on March 1, 2006 partially in favor of North American on its post-trial motions in an employment case brought by a former pilot, Randall Otto, against North American.
Although the court denied North American's motion for judgment notwithstanding the verdict, it denied North American's new trial motion on condition that the plaintiff accept a reduction of the December 2005 jury verdict of $12.6 million to $3.1 million for economic, non-economic and punitive damages. The plaintiff has until March 13, 2006 to consent to the court's conditional reduction of damages to avoid a new trial on those components of the verdict. Depending on whether the plaintiff consents to or rejects the conditional reduction, appeals are possible. Another hearing is scheduled for April 26, 2006 to assess court costs, attorneys' fees and expert witness fees.
The suit alleging wrongful termination was filed in 2003 by Otto, prior to the acquisition of North American by World Air Holdings in April 2005. The company previously expensed $12.5 million of the award amount in the third quarter of 2005.
North American Airlines, a wholly owned subsidiary of World Air Holdings, is a U.S.-certificated air carrier offering air transportation services throughout the world for the U.S. military and commercial customers. Founded in 1989, North American operates a fleet of eight passenger aircraft in charter and scheduled service. For information, visit http://www.northamericanair.com/.
["Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties including, but not limited to, the impact of competition in the market for air transportation services, the cyclical nature of the air carrier business, reliance on key marketing relationships, fluctuations in operating results and other risks detailed from time to time in the company's periodic reports filed with the SEC (reports are available from the company upon request). These various risks and uncertainties may cause the company's actual results to differ materially from those expressed in any of the forward looking statements made by, or on behalf of the company in this release.]
World Air Holdings, Inc.
CONTACT: Media, Steve Forsyth of World Air Holdings, Inc.,+1-770-632-8322, or Investor, Janice Kuntz, +1-404-352-2841, both of World AirHoldings, Inc.
Web site: http://www.northamericanair.com/http://www.worldairways.com/
Source: PRNewswire-FirstCall
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User Comments (1)
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Posted by Roger Meyers on 09/04/2009, 16:42 Can you tell me who the lawyer for Mr. Otto was in this case. Or Law Group |
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