The family probably just found out that the submersible company's liability insurance has several layers of aggregate coverage that totals $50mil, so they're going to roll-the-dice and see how much they can squeeze out of a lawsuit. Regardless of how much they settle for, just remember that their attorney will still net anywhere between 33% and 40% of the gross settlement amount.
@@jbrudert Nope, doesn't matter whether or not the owner survived. If there was a liability insurance policy in force (and other reinsurance coverage in force) at the time of the loss occurrence, then they're not off the hook. Even if the submersible company went defunct and shuttered their doors, their liability exposure isn't absolved. Their insurance (at the time of the loss) still takes precedence.
From what I have heard of the Liability Waiver they signed before going, it mentioned Death something like 16 times. If that is the case, this suit will go nowhere.
@@Reaper-cm4jr Of course not, but very easy to look up cases where waivers did not hold up due to negligence. Doesn't take a rocket scientist to add 2 and 2 together!
Waivers dont always cover a company for gross negligence. I do know the waivers were extensive and mentioned possible death a lot, but that won't stop lawyers from trying to prove the company was negligent in their operations and procedures.
They went willingly. But they family of the billionaire son said that he was afraid to go, but he didn't want to disappoint his father. They say they paid 250,000 per person.
@jkseraphim4 that story was fake. Look up Sabrina Dawood interview (the boy's mother). You clearly hear her saying on camera that originally it was she and her husband (Shahzada Dawood) that were going in the sub but because their son was so excited to go down she gave up her ticket for him.
They was descending too fast by the first communication on depth with the Polar Prince and yet just carried on, this was a massive red flag warning long before the RTM was displaying all red not far from Titanic depth!!!
LOL this sounds more like greed and hoing to snag some of that $$$ from insurance or whatever. The victems signed a waiver, knew the sub was experimental, and death was mentioned in that wiaver multiple times. The only real winners here are the lawyers who will get their pay
Paul-Henri Nageolet knew better, more than anyone else except the owner, who I think was on the death mission, I often wonder if Paul who everyone respected the most, hadn't gone and had instead warned people about that screwy dangerous sub, how many lives would have been saved. I have the least amount of sympathy for him.
I don't understand why they didn't have Ballests on the outside that were right above the titan even if it needed for they're slick so if the drop weight didn't work they couldn't have manually with a emergency switch thT has its on battery just for the Ballests which they could have just hit and went back up slow But im.curious why it didn't go back up if they had power to drop weight so why couldn't it slowly start to raise
Ridiculous! How can someone so close like a family want to make money out of their deaths??? I mean...those deceased people cant get the money! Its just not right to make yourself rich with something like that!
I’m not mad at them for suing. Titan was a crap show from the beginning! But your deceased loved one signed a waiver. That mentioned death (multiple times) and that the sub was experimental. Now unless lawyers can find loopholes in the contract, maybe negligence? Then they possibly may have a chance.
The warning signs before implosion: Moved to a less restricted zone for submersibles Arrogant CEO ignoring advice and constructing using materials that were below safety standards to visit the wreck Signing waivers that mention death 5-6 times Passengers ignoring the copious amount of videos on RU-vid (before the implosion) that showed they heard sounds and didn't feel safe Passengers being called "mission specialists" when in fact none of them have the credentials for any sort of work. It's a fun way for them to bypass the laws that would otherwise restrict them from diving as freelance tourists. If I were a millionaire (I wouldn't even go); but if I did think about going, I would do a crap ton of reading reviews before making a call, ESPECIALLY if it's a chunk of money. Hell, everywhere I go I typically read the reviews because that's a good indicator of quality. I feel bad for the families that lost their loved ones, but arrogance towards the risk may destroy your life, which is priceless.
This thing should never jave neen aliud yo go down a safety man the owner hired told him it would fail and he went anyway the company owes them more than they can ever afford
Frankly speaking, a bunch of filthy rich people risk their lives to see where thousands perished in the Titanic? How much sicker can we get. I am sorry for them. They played with fire and got burnt.
Have to say I feel sort of bad for the wife and family of the Oceangate's CEO. For all we know, they might not have liked their father and husband taking on these risky endeavors, and now they lost him, his memory is ruined in the minds of the public, and they are being sued
“I want to travel to the bottom of the ocean, I want to disintegrate within 13 ms disintegrated, and faded and fully atomized, my life has faded fully between your selfish eyes”
Theirs some rides at six flags that I will never get on & cannot be peer pressured into getting on either, so I know for a fact that If I was that kid, I would've told my father "nah, I'll see you when you get back" & played my video games at home just to hear the bad news. Hey, I made it to 36, there's perks for chickening out, I remember when my friends wanted me to go train surfing with them, NOPE! I love being safe, you can have your adventures, I'm good bro.🎮🎮🎮🎮
@@Techridr True, but it doesn't matter, all that matters is perception and the individual behind that perception...I'm still not getting on those rides, I'll work as a security guard in sketchy areas, but you can keep your "kingda ka" and your dropshot or whatever that thing is called, I'm smooth.
@@Techridr Oh, and by the way, you said that rides at Six Flags are safer than riding in cars, that's not entirely true, not if you're driving a pickup truck, a Hummer or any type of big rig, with cars like these, you are car accident death proof, most of everyone else will turn into soup if they hit you at full speed though.
@@Techridr I understand your mission too bruh, just wanted to flex with my knowledge just like you were doing, what you said in your previous message was like asking a scared person, "why be afraid to fly in planes when you drive cars?" because cars are typically known to be involved in a lot of accidents while planes on the other hand rarely crash.
Go read into it they trying anything to sue the titan company after their family members signed a contract they can't sue! Rich people getting richer lol! My husband died I need $100 bills to wipe my tears away!!! We're yall in the Sub when it imploded, Maybe they was telling jokes before! The world will never know! Rich people sports!! 😂😂😂
There's nothing but tragedy surrounding this story. RIP to the passengers. I hope the families can get some compensation, but it can't bring anyone back.
lol, the rich person that went on titan has rich family that wants money from a suicide mission that the rich person went on...prior to signing the lawsuit waiver. Nope...fraud detected...lawsuit thrown out. 😂😂😂😂😂
