Jury awards Schnitzer Steel $8.6M in lawsuit

May 01, 2014 | 06:22 PM | Bhavna Patel

Tags  Schnitzer Steel, Continental Casualty, lawsuit, Tom Zelenka, superfund, recycling, Bhavna Patel

NEW YORK — A federal jury has awarded $8.6 million to Schnitzer Steel Industries Inc. in its lawsuit against insurance company Continental Casualty Co. and its subsidiary, Transportation Insurance Co.

The award covers costs that Portland, Ore.-based Schnitzer incurred to comply with Portland Harbor Superfund site regulations, according to documents filed in U.S. District Court in Oregon. Schnitzer had claimed those costs should have been paid under an insurance policy....

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