Cunningham Bounds achieved a $46 million settlement in a product liability case involving the failure of a single marine engine. The settlement came one week before the scheduled jury trial and six years after the engine failure. Bender Shipbuilding entered into a contract with Seacor Marine, LLC for the construction of a series of state-of-the-art vessels, including the M/V Sherman. The contract price for the M/V Sherman was almost $27 million. While the vessel was still under construction, one of its 3516B Caterpillar marine engines threw a rod during routine testing, causing a massive fire that burned the ship to its hull.