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Celadon Comments on Jury Decision in Texas
INDIANAPOLIS-(Business Wire)-October 2, 2008 - Celadon Trucking Services Inc., a wholly-owned subsidiary of Celadon Group Inc. (NASDAQ: CLDN), announced that a judgment of $1.5 million was rendered on September 30, 2008, in a jury trial in Ellis County, Texas. The award related to a lane change accident that occurred in July 2006.
Steve Russell, Chairman and Chief Executive Officer of Celadon, said, "Although the injuries to plaintiffs, Mr. Ronny Martinez and Mr. Kenneth O'Neal are regrettable, the jury found that Mr. Martinez, who was driving the car, was partly responsible for causing the accident."
Russell added, "Celadon does not hire trainee drivers, and has a very high safety standard relating to its drivers. We have won numerous national and regional safety awards. We are reviewing the jury verdict, and are considering our options regarding an appeal of the decision."
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