Boy Dies on Verrückt at Schlitterbahn Kansas City

Saturday, May 6, 2017 4:41 PM

I can't remember the last time I saw settlement amounts get released. These almost always remain confidential as part of the settlement agreement.

Saturday, May 6, 2017 5:46 PM

Does insurance cover the settlement or is it on the parks? That's a huge hit for a small chain. (Not saying they don't deserve it, just interested in the economics.)

Sunday, May 7, 2017 3:02 PM

In response to the last couple posts - I remember hearing once in some graduate Business Law class that when you see a number like that (high dollar, round number) - it generally indicates not a settlement figure but a "limit of liability" number from the insurer. There is no point in trying to negotiate for something lower, any judge or jury would probably go to the maximum amount so you're only incurring negative press and lawyer's fees by trying to haggle....that kind of explanation seems to make a lot of sense under the particular circumstances.

Last edited by rollergator, Sunday, May 7, 2017 3:03 PM

You must be logged in to post

POP Forums - ©2019, POP World Media, LLC