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.
“We are pleased with the decision,” said Robin Cohen, counsel for Apex. “The jury weighed the evidence carefully, and their verdict affirms our position regarding Protective’s failure to honor its contractual obligations after receipt of substantial premiums.”
The case is Apex Park Group, LLC v. Protective Life Insurance Company, CV-17-0165-MGG, in the Circuit Court of Jefferson County, Alabama.
With more than 180 trial lawyers across offices in Austin, Dallas, Houston, Los Angeles, Marshall, New York, Silicon Valley, and Washington, D.C., McKool Smith has established a reputation as one of America’s leading trial firms. Since 2006, the firm has secured eleven nine-figure jury verdicts and thirteen eight-figure jury verdicts. The firm has also won more VerdictSearch and The National Law Journal “Top 100 Verdicts” over the last ten years than any other law firm in the country. Courtroom successes like these have earned McKool Smith critical acclaim and helped the firm become what The Wall Street Journal describes as “one of the biggest law firm success stories of the past decade.” McKool Smith represents clients in complex commercial litigation, intellectual property, bankruptcy, and white collar defense matters.