Werner Enterprises Announces Recent Settlement of Motor Vehicle Accident Lawsuit
July 28 2022 - 8:30AM
Werner Enterprises, Inc. (Nasdaq: WERN), one of the nation’s
largest transportation and logistics companies, announced the
recent $150M settlement of a motor vehicle accident lawsuit in
Texas.
In May 2020, a passenger vehicle traveling on
Interstate 30 near Sulphur Springs, Texas, stopped in the travel
lane of the highway at approximately 5:00 a.m. Three adults walked
away from the vehicle, leaving two children inside. Shortly
thereafter, a Werner truck (traveling below the speed limit) struck
the parked vehicle. The two children tragically died in the
resulting collision. The investigating officers placed no fault on
Werner or its driver, and one of the adults from the passenger
vehicle was criminally charged in connection with the deaths of the
children. The parents of the children subsequently filed a lawsuit
against Werner and its driver. Out of respect for the family,
Werner is not publicly disclosing the names of the individuals
involved.
Werner disputes the plaintiffs’ allegations but
chose to voluntarily resolve this matter by settlement. “The
circumstances of this tragic accident were set in motion by the
decision to park a vehicle on a highway in the lane of travel, as
indicated in the investigating officer’s report,” said Werner’s
Chief Legal Officer Nathan Meisgeier. “Nonetheless, corporate
defendants are facing ‘nuclear verdicts’ in courtrooms across the
country, including in Texas. Werner believes it prudent to resolve
this case, to bring closure for the family affected by this tragic
accident and to protect Werner, its employees, and its
shareholders. Our sincere prayers and condolences remain with the
family.” The settlement will be funded by Werner and its insurance
companies.
“Werner’s company motto is ‘Nothing we do is
worth getting hurt or hurting others,’ and we will continue to
operate with our safety focus each and every day,” Meisgeier
said.
About Werner Enterprises
Werner Enterprises, Inc. delivers superior
truckload transportation and logistics services to customers across
the United States, Mexico and Canada. With 2021 revenues of $2.7
billion, an industry-leading modern truck and trailer fleet, nearly
14,000 talented associates and our innovative Werner EDGE
technology, we are an essential solutions provider for customers
who value the integrity of their supply chain and require safe and
exceptional on-time service. Werner provides Dedicated and One-Way
Truckload services as well as Logistics services that include
truckload brokerage, freight management, intermodal and final mile.
As an industry leader, Werner is deeply committed to promoting
sustainability and supporting diversity, equity and inclusion.
Forward Looking Statements
This press release may contain forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, and made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995,
as amended. Such forward-looking statements are based on
information presently available to the Company’s management and are
current only as of the date made. Actual results could also differ
materially from those anticipated as a result of a number of
factors, including, but not limited to, those discussed in the
Company’s Annual Report on Form 10-K for the year ended December
31, 2021 and subsequently filed Quarterly Reports on Form 10-Q. For
those reasons, undue reliance should not be placed on any
forward-looking statement. The Company assumes no duty or
obligation to update or revise any forward-looking statement,
although it may do so from time to time as management believes is
warranted or as may be required by applicable securities law. Any
such updates or revisions may be made by filing reports with the
U.S. Securities and Exchange Commission (“SEC”), through the
issuance of press releases or by other methods of public
disclosure.
Contact:
Nathan MeisgeierExecutive Vice President
andChief Legal Officer(402) 894-3193
Werner Enterprises (NASDAQ:WERN)
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