Federated settles insurance recovery action for property and business interruption losses at Macy's stores caused by Hurricanes Katrina and Wilma
Clients Federated Department Stores, Inc.
On behalf of Federated Department Stores, Inc., Jones Day filed claims to recover millions of dollars in property and business interruption losses incurred at Macy's stores as a result of Hurricanes Katrina and Wilma. After completion of summary judgment and motion in limine briefing and oral argument, and as the deadlines for trial filings approached, the parties negotiated a mutually agreeable settlement of the claims.
Federated Department Stores, Inc. v. Federated Dept. Stores Ins. Co., Inc., Case No. 06-22147-CIV-King (S.D. Fla.)