12
May
The arbitration panel issued a final award against Viracon, Inc., for $20,018,729.63. The amount included $4,000,000 in punitive damages, which the arbitrators intended "will not go unnoticed in the board room of Viracon or its parent company [Apogee Enterprises, Inc.]." Hennigh Law Corporation LOS ANGELES, May 12, 2023 (Newswire.com) - On April 27, 2023, the Superior Court of the State of California, Los Angeles County, entered a punitive damages judgment against Viracon, Inc., a wholly-owned subsidiary of Apogee Enterprises Inc., for fraudulently concealing known defects in its Insulated Glass Units (IGUs). IGUs are commercial grade panels that serve as both…