Wabash National hit with $450M punitive damages verdict in fatal accident lawsuit

WABASH NATIONAL Corp

Jury awarded $12M compensatory and $450M punitive damages against Wabash as co-defendant.
Case involved a rear-end collision fatality; company believes compensatory damages are insured.
Company says evidence of driver's blood alcohol and lack of seatbelt use was excluded.
Wabash will pursue post-judgment motions and appeals; outcome is uncertain and potentially material.
Verdict could materially and adversely affect financial condition, results, and cash flows.

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