The owner of the ship that toppled Baltimore’s Francis Scott Key Bridge appears to be seeking to cap the amount of damages that the company can be forced to pay following the deadly crash.
The Singapore-based Grace Ocean Private Ltd. indicated it will file a “limitation of liability” action in federal court Monday, invoking a little-known statute used in maritime law.
The filing itself is not yet available, but a docket in U.S. District Court in Maryland showed the company has initiated an action involving limitation of liability, a key move that maritime lawyers saidwould be likely to take place soon after the disaster.
Legal stuff can easily be made to take decades. Meanwhile there’s billions of losses per year that the bridge is down. I’m not saying it’s a good thing, but it’s not good for that local economy to wait for courts to decide on things.