Gray•Duffy Negotiates Withdrawal of Large Fire Loss Claim Against Client
OverviewRichard Williams of Gray•Duffy’s Redwood City office successfully negotiated the withdrawal of a $400,000 fire loss claim brought by the Regents of the University of California, Los Angeles against the firm’s client, Katy Industries, Inc.
DiscussionRegents of the University of California v. Katy Industries, Inc. In January 2009, a fire occurred in one of the main buildings at the University of California, Los Angeles Anderson School of Management. The alleged cause of the fire was a portable power strip manufactured and distributed by Gray•Duffy’s client, Katy Industries, Inc. The amount of the loss exceeded $400,000. After nearly three years of negotiations and expert analysis, UCLA dropped its claim for reimbursement of the damages against Katy Industries, Inc. without any payment being made.
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