McKool Smith has secured a $10 million verdict on behalf of Apex Parks Group (“Apex”) against Protective Life Insurance Company (“Protective”). The verdict was announced on Friday, September 21, 2018 after a 7-day jury trial before Judge Michael Graffeo in State Court in Alabama. After hours of deliberations, jurors awarded Apex $10 million in damages finding that Protective unjustifiably breached its contract with Apex when it refused to pay death benefits owed under a key man insurance policy issued on the life of Apex’s Chief Executive Officer, Alexander “Al” Weber, Jr., after his untimely death.
Media coverage of the verdict can be found here: