$1.2M for Industrial Accident
A punch press operator who lost all four fingers on both hands in an accident will receive $1.2 million under a structured settlement concluded last Monday. The suit alleged that faulty wiring at Library Bureau Steel Inc. in Vineland caused the press to crash down on employee Malden Homar's hands on May 23, 2001, leaving him with only thumbs.
Homar sued Cincinatti Inc, the manufacturer of the press, Scalfo Electric Inc, a company that performed electrical work on the press, and the plant owner. The suit alleged that Scalfo Electric should have detected faulty wiring. Cincinatti Inc was released as a press more than 50 years ago and the plant owner had made modifications without its knowledge or agreement.
Scalfo Electric's carrier, Zurich US, agreed to settle the case for $900,000. Homar will receive a $35,000 lump sum payment. The remainder will be placed in an annuity, which will be worth $1.2 million over the course of his lifetime. Library Bureau's carrier, the New Jersey Manufacturer's Insurance Co., agreed to reduce Homar's workers' compensation lien to $180,000 from $725,000.
Homar agreed to the settlement, shortly before the case was set to go to trial with Camden County Superior Court Judge Ronald Freeman.
- Michael Booth, New Jersey Law Journal
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