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Company Gets $11 Million over Oil Leak

Fri, 09/28/2012 - 5:54am

ST. LOUIS (AP) — A federal jury ordered an insurance company to pay $11 million to a Joplin company for damages caused by an oil pipeline leak.

A federal jury in St. Louis returned the verdict Thursday.

TAMKO Building Products Inc. said in a lawsuit that Factory Mutual Insurance Company refused to pay for damages after an oil leak in 2008 forced an asphalt shingle facility in Maryland to close.

For a month after the leak, TAMKO did not have the asphalt needed to make shingles because their supplier was affected by the oil leak.

The St. Louis Post-Dispatch ((http://bit.ly/SqjIxe ) reports that in pre-trial filings, Factory Mutual said that TAMKO didn't prove it couldn't make up the lost time or that it lost any sales.

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Information from: St. Louis Post-Dispatch, http://www.stltoday.com

 

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