Sheri Pastor, with Nicholas Insua and Cynthia Betz, represent Wakefern Food Corp. in $4.7 million appraisal award

Sunday, January 17, 2016 - 20:03

Sheri Pastor, with Nicholas Insua and Cynthia Betz, represent Wakefern and several of its members, trading under the ShopRite banner, in a coverage suit against its property insurer, Lexington Insurance Company, and its insurance brokers. Following a court-ordered appraisal hearing, the panel awarded Wakefern $4.7 million in additional spoilage coverage from Lexington. It concluded that Lexington was required to pay the sales price (not replacement cost) for Wakefern’s lost perishables goods. Wakefern has moved for confirmation of the award.