diminished value News

Florida Hotel Valet Gave $300,000 Ferrari to Wrong Person

The owner of a $300,000 Ferrari is suing Marriott International, saying a hotel valet gave his keys to a young man who was trying to impress a woman he just met. The Tampa Bay Times reports that 73-year-old attorney James …

Car Owners to Continue Fight With GM for Billions After Bankruptcy Ruling

General Motors Co. car owners will still seek $7.5 billion for the diminished value of recalled vehicles, despite a ruling that largely freed the automaker from liability for wrongdoing before its 2009 bankruptcy. That number was supplied by a lawyer …

A Primer on Diminution in Value Claims

One of the recurring questions Matthiesen, Wickert & Lehrer, S.C. (MWL) is called on to answer involves when and under what circumstances the insured suffering automobile property damage, or his or her subrogated automobile insurer, may recover for diminution in …

Excluding Stigma Damages in the Under Insured Motorist Context

“Stigma damages” and “diminished value” damages are not synonymous concepts. “Diminished value” damages generally are available where a vehicle sustains physical damage in an accident, but due to the nature of the damage, the vehicle could not be fully restored …

Vermont Artist Says He’ll Fight Trademark Lawsuit

A folk artist expanding his home business built around the words “eat more kale” says he’s ready to fight root-to-feather to protect his phrase from what he sees as an assault by the second-largest chicken restaurant chain in the country, …