US restaurant wins legal battle to recover damages for COVID lockdown losses from Lloyd's. The judgment on June 15 lends reason for optimism that businesses and the legal profession are beginning to turn the page.
A well-known seafood restaurant in New Orleans, Oceana Grill, has won a groundbreaking court case in which it had been fighting for years to be compensated by insurer Lloyd's of London for lost sales during the COVID-19 lockdown that started on March 20, 2020.
On June 15, a Louisiana state court overturned a previous judgment and granted the damages claim made by Cajun Conti LLC, the business that owns Oceana Grill.
On the day the shutdown began in March 2020, Cajun Conti filed a lawsuit to recover damages under its insurance contract with Lloyd's of London. However, the first attempt at the action failed. In February 2021, underwriters representing the insurer got a favorable ruling from a state court, dismissing the plaintiff's motion for declaratory...