Sterling Chemicals Wins Rail Car Injury Case
16 May 2009 - 9:11AM
PR Newswire (US)
HOUSTON, May 15 /PRNewswire-FirstCall/ -- Sterling Chemicals, Inc.
(OTC Bulletin Board: SCHI) announced that a jury in Cincinnati,
Ohio, has found that Houston-based Sterling Chemicals, Inc. was not
negligent in connection with an on-the-job personal injury case and
awarded plaintiff Patrick McCarthy nothing. The plaintiff's
attorneys had sought $62 million for medical expenses, loss of
wages, emotional pain and suffering and loss of companionship with
his children. The trial, believed to be the longest civil case in
Cincinnati's Hamilton County history, lasted for more than three
months. The jury deliberated just two days before rendering its
verdict of zero negligence and zero damages in Sterling's favor.
"This was such a tragic accident," said John V. Genova, President
and CEO of Sterling. "While we were gratified that justice
prevailed, we regret that the incident happened. There are no
winners here. Fluke accidents do happen, and this is just one of
them." Representing Sterling Chemicals were Fred Raschke of Mills
Shirley, LLP, the oldest continuous law firm in Texas, and Robert
Tait and C.W. "Dub" O'Neill of Vorys, Sater, Seymour and Pease,
LLP, which has offices in Houston and Columbus, Ohio, among other
U.S. locations. Sterling Chemicals, Inc. is a leading North
American producer of selected petrochemicals used to manufacture a
wide array of consumer goods and industrial products throughout the
world. Its primary products are acetic acid and plasticizers. The
information in this news release relating to matters that are not
historical facts constitutes forward-looking information covered by
the safe harbor created by Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. The
forward-looking information is based upon current information and
expectations regarding Sterling and its subsidiary. The estimates,
forecasts and statements contained in or implied by the
forward-looking information speak only as of the date on which they
are made, are not guarantees of future performance and involve
certain risks, uncertainties and assumptions that are difficult to
evaluate and predict. Therefore, actual outcomes and results could
materially differ from what is expressed, implied or forecasted by
or in the forward-looking information. Important factors that could
cause actual results to differ materially from what is expressed,
implied or forecasted by or in the forward-looking information
include the timing and extent of changes in commodity prices and
global economic conditions, industry production capacity and
operating rates, the supply-demand balance for Sterling's products,
competitive products and pricing pressures, increases in raw
material costs, federal and state regulatory developments,
Sterling's high financial leverage, the availability of skilled
personnel and operating hazards attendant to the industry, as well
as the other risk factors discussed in Sterling's filings with the
Securities and Exchange Commission, including Sterling's Annual
Report on Form 10-K and Quarterly Reports on Form 10-Q. Sterling
assumes no obligation to update the information contained in this
press release. DATASOURCE: Sterling Chemicals, Inc. CONTACT: John
Beaver of Sterling Chemicals, Inc., +1-713-654-9548 Web Site:
http://www.sterlingchemicals.com/
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