Celadon Comments on Jury Decision in Texas
Thu. October 02, 2008; Posted: 10:48 AM
INDIANAPOLIS,
Oct 02, 2008 (BUSINESS WIRE) -- CLDN | Quote | Chart | News | PowerRating
-- Celadon Trucking Services Inc., a wholly-owned subsidiary of Celadon Group
Inc. (NASDAQ: CLDN), announced that a judgment of $1.5 million was rendered
on September 30, 2008, in a jury trial in Ellis County, Texas. The award
related to a lane change accident that occurred in July 2006.
Steve Russell,
Chairman and Chief Executive Officer of Celadon, said, "Although
the injuries to plaintiffs, Mr. Ronny Martinez and Mr. Kenneth O'Neal are
regrettable, the jury found that Mr. Martinez, who was driving the car, was
partly responsible for causing the accident."
Russell added, "Celadon
does not hire trainee drivers, and has a very high safety standard relating
to its drivers. We have won numerous national and regional safety awards.
We are reviewing the jury verdict, and are considering our options regarding
an appeal of the decision."
SOURCE: Celadon Group Inc.