Grace Ocean and Synergy filed a petition on April 1 in Maryland federal court to limit their liability from the crash. If the court grants it, the companies’ liability could be limited to the present value of the ship, which they estimated to be $42.5 million, according to the petition. Source
Which would leave the tax payer footing the bill for the remaining $1.46B cost of reconstruction. Classic.
Which would leave the tax payer footing the bill for the remaining $1.46B cost of reconstruction. Classic.
Socialise cost and privatise profits.
Been the play for awhile now.
“Titanic Law” is here to screw you once again.