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Article: Allied Holdings Informed of Pending Legal Matters.
- Article from:
- PR Newswire
- Article date:
- June 13, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DECATUR, Ga., June 13 /PRNewswire/ --
Allied Holdings, Inc. (NYSE: AHI), parent company of the world's largest automotive distribution and logistics network, said today that the company has been informed of issues relating to legal proceedings involving Commercial Carriers, Inc. (CCI), which is a subsidiary of Allied Automotive Group, Inc., a subsidiary of Allied Holdings, Inc.
CCI recently learned that National Union Fire Insurance Company of Pittsburgh, PA -- an insurance carrier which is to provide coverage of approximately $20 million regarding a $35 million judgment against CCI -- has fully reserved its rights of insurance coverage. CCI has filed a ...
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