Wednesday, June 10, 2009

Raven's retired McCray won, then lost $33.6 Milion in court this week.

Michael McCrary won a $33.6 million damage award last year. But his former business associates had that result overturned by Maryland's intermediate appellate court Monday. Far from being the end of the case, the court sent the case back to Baltimore City Circuit Court for a new trial on damages.

The appellate court decided a Baltimore City Circuit Judge failed to follow proper procedures in holding McCrary's business associate in contempt, and found that her ruling was an abuse of judicial discretion in not allowing the defense to contest the alleged damages.

The suit was filed in February 2007, a year and a half after Hurricane Katrina interrupted renovation of an old downtown New Orleans office building. McCrary alleged defendants had secretly pocketed millions of dollars in insurance proceeds. The June 2008 verdict awarded McCrary $15.8 million in compensatory damages and the same in punitive damages without any of the defendants in court to defend the claim for damages.

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