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Non-Tech : Bill Wexler's Dog Pound
REFR 1.730+10.2%Nov 11 3:57 PM EST
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To: Bill Wexler who wrote (1573)6/28/1999 11:03:00 AM
From: TRIIBoy  Read Replies (1) of 10293
 
Do you know who ANADAC is? this is from IDX's latest 10-Q:

ANADAC is a named defendant in five related personal injury lawsuits
pending in the Circuit Court of

7

Virginia. All of these suits arise from the collapse of a balcony at the
University of Virginia during graduation ceremonies in May 1997 in which
one person was killed and approximately 23 others were injured. The
Commonwealth of Virginia and the Curator of the University's Academical
Village are also named defendants. It is alleged that the Commonwealth of
Virginia and the Curator were negligent in failing to maintain and ensure
the structural integrity of the historic structure which collapsed. It is
alleged that ANADAC is liable for failing to identify signs of structural
deterioration during a contracted 1994 inspection. ANADAC had been hired
by the University of Virginia to create a budget for maintaining ten
historic buildings based on a visual inspection and analysis of certain
statistical information. ANADAC's assignment did not include a structural
review of any nature and did not encompass the type of inspection that
would uncover a defect of the nature that caused the balcony collapse. Of
the five lawsuits, one was filed in the Circuit Court of Virginia in
Fairfax in March 1998, one was filed in that court in February 1999 and
the three others were filed in the Circuit Court of Virginia in
Charlottesville between July and September 1998. The aggregate amount of
damages sought in these suits is $9,050,000. Ten of the persons injured in
the accident have settled with the Commonwealth of Virginia, releasing all
potential claims with respect to the accident. Additional lawsuits may be
filed by other injured persons with respect to the accident. The Company
believes that the claims against ANADAC are without merit and will not
have a material adverse effect on the Company.
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