Delaware | 41-1883630 | |
(State or other jurisdiction of | (IRS Employer | |
incorporation) | Identification No.) |
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
The original jury verdict of $23.25 million was entered in March, 2009, at the conclusion of a trial in Illinois State Court stemming from an accident that occurred in April, 2004.
Although C.H. Robinson and its insurance companies will continue to pursue legal recourse, based on the Appellate Court's decision C.H. Robinson has determined that it is appropriate to record a $5.9 million charge (approximately $0.02 per share after tax) in the first quarter of 2011. This amount represents C.H. Robinson's $5.0 million insurance deductible plus accrued post-judgment interest on that amount. C.H. Robinson's insurance company is responsible for the remaining verdict amount and related post-judgment interest.
C. H. ROBINSON WORLDWIDE, INC. | ||||||||
Date: April 06, 2011 | By: | /s/ Ben G. Campbell | ||||||
Ben G. Campbell | ||||||||
Vice President, General Counsel and Secretary | ||||||||