At the meditation, I am confident the BMI’s counsel Mike McAuliffe will be prepared to articulate why the claims against BMI are lacking in merit. LMI adopts all of BMI’s liability arguments to the extent that the plaintiffs’ risk of an adverse adjudication reduces the net value of this litigation.
Of the plethora of alleged defects, the contentions relating to the cast stone masonry of the building present the greatest potential exposure to LMI’s insured. Nevertheless, these allegations are—at best—speculative and benign, and—at worst—frivolous. Indeed, Plaintiffs take an unrepresented sample of one steel angle that fails to conform to shop drawings and extrapolate from there to speculate that every steel angle is deficient and that the
Of the plethora of alleged defects, the contentions relating to the cast stone masonry of the building present the greatest potential exposure to LMI’s insured. Nevertheless, these allegations are—at best—speculative and benign, and—at worst—frivolous. Indeed, Plaintiffs take an unrepresented sample of one steel angle that fails to conform to shop drawings and extrapolate from there to speculate that every steel angle is deficient and that the