CASE RECORD24-CI-00918•Florida 11th Judicial Circuit (Miami-Dade)
CATASTROPHIC PICOMMITTEE APPROVED
Castillo Estate & Survivors v. Continental Freight Carriers
Presiding Judge: Hon. Carlos A. RodriguezFiling Date: 2024-01-10Est. Trial: 2025-06-18
Action Summary
Wrongful death catastrophic tractor-trailer collision involving admitted commercial driver fatigue and federal electronic logging device (ELD) violations. Primary and umbrella policies verified at $10M limit.
Asserted Patents / Causes
U.S. Patent No. 10,482,911
Lipid-Nanoparticle Conjugates
Primary Defense Arguments
35 U.S.C. § 103 Obviousness
12(b)(6) Dismissal Denied
Defendant Solvency & Verified Commercial Coverage
Audited insurance limits verify that defendant Meridian Pharma Global possesses adequate liquidity and policy coverage to satisfy a full jury verdict without bankruptcy risk.
Commercial Liability Limit (Verified):$10,000,000.00
Underwriting Rating
A+ Tier89.7 / 100
Target Funding:$650,000.00
Estimated Damages:$8,500,000.00
Funding Ratio:7.6% (Conservative)
Target Net IRR:24.5%
Agreed Return Multiple:2x
Non-Recourse Structure
Funding is contingent strictly on settlement or verdict proceeds. If litigation terminates with zero recovery, the claimant and counsel owe $0.00.