Oceana Grill, a popular seafood restaurant in New Orleans, has achieved a first-of-its-kind victory in its long-running legal battle to receive payouts from insurer Lloyd’s of London for loss of revenues during its COVID-19 shutdown beginning on March 20, 2020.
On June 15, a Louisiana state court reversed an earlier decision and ruled in favor of the claim for damages brought by the company owning Oceana Grill, Cajun Conti LLC.
Cajun Conti initiated legal action on that same day that the shutdown went into effect in March 2020, seeking damages under its insurance policy with Lloyd’s of London. But the action was not initially successful. In the first trial of its kind, underwriters for the insurer in February 2021 received a favorable judgment from a state court, denying the plaintiff’s petition for declaratory relief….