Group 1 - The article discusses the financial impact of nuclear verdicts and awards on companies, highlighting that they create direct costs in the eight-figure range and lead to increased insurance premiums for carriers [3]. - Legislative reforms are being considered in various states, with Florida and Iowa making adjustments that align better with industry needs, as noted by executives and stakeholders [3]. - Trucking groups have reported that law firms are actively pursuing plaintiffs' cases against businesses, indicating a trend of increased litigation in the industry [3]. Group 2 - Wabash has agreed to a $30 million settlement related to a fatal crash, significantly lower than the initial punitive damages of $450 million and compensatory damages of $12 million [7]. - The Missouri Circuit Court reduced the punitive damages to $108 million after Wabash sought to appeal the case and request a new trial [7]. - The company will recognize an $81.2 million reduction in charges for the third quarter of 2024, taking into account insurance coverage [7].

LAFAYETTE, Ind., March 24, 2025 (GLOBE NEWSWIRE) -- Wabash (NYSE: WNC) today announced an update in its challenge to the verdict issued against the company in September by a St. Louis jury in Williams et al. v. Wabash. On March 20, 2025, a Circuit Court determined that the punitive damage award in the case, which stood at $450 million, did not align with the company’s constitutional rights, and ordered the punitive damages award reduced to $108 million with the compensatory damages award remaining at $11.5 ...

LAFAYETTE, Ind., March 10, 2025 (GLOBE NEWSWIRE) -- Wabash (NYSE: WNC), a leader in end-to-end supply chain solutions for the transportation, logistics and infrastructure markets, will showcase how its bold transformation in recent years is reshaping what fleets can expect from an OEM partner at TMC 2025, March 10–13 in Nashville. This year’s exhibit highlights how Wabash is helping customers tackle today’s most pressing operational challenges—merging physical and digital technologies with services and solu ...