- 13 - total amount of $509,742 for projected lost sales and lost inventory. By letter dated June 16, 1992, Lanny W. Tyler (Mr. Tyler), a certified public accountant retained by Mr. Henry, wrote to Crawford on behalf of Mr. Henry and countered du Pont's proposed settlement of $509,742 with a proposed settlement of $5,143,952, which consisted of $3,264,934 for lost inventory, $231,850 of interest, $168,168 for liability to customers under Florida law, $1,095,000 for lost profits and lost sales, and $384,000 for miscellaneous costs. By letter dated June 24, 1992, Crawford wrote to Mr. Henry on behalf of du Pont and recommended a settlement of $965,678 with respect to his claim against du Pont. That letter stated in pertinent part: Crawford & Company has been attempting to evaluate your claim for economic loss arising from your claimed use of Du Pont's registered fungicide, Benlate DF. After reviewing the information documentation you have provided to date, our recommended claim settlement is $965,678.00. We are recommending this amount [$965,678] to conclude any claim that you may have as a result of your claimed use of Du Pont's registered fungicide, Benlate DF. Our offer will be withdrawn 10 days from the delivery of this letter. On October 8, 1992, Mr. Henry and Ms. Estes d/b/a Fred Henry's Paradise of Orchids (the plaintiffs) commenced a lawsuitPage: Previous 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Next
Last modified: May 25, 2011