Jury awards $140M in damages against Malibu Boats LLC in product liability case; company plans to appeal

MALIBU BOATS, INC.

Jury awarded $80M compensatory ($12M to Boats LLC, $8M to West) and $80M punitive to Boats LLC plus $40M punitive to West.
Maximum potential liability to Boats LLC is $140M; insurance coverage limited to approximately $26M.
Jury found Boats LLC is a legal successor of West and liable for its liabilities; company disputes this.
Company intends to file post-trial motions and appeal; payment of damages expected to be stayed pending appeals.
Case involves 2014 propeller accident from a 2000 model boat manufactured by West, which Malibu Boats LLC purchased assets from in 2006.

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