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2012-01-29 -Short Attention Span Theater-

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Posted by Fred 2012-01-29 00:00|| || Front Page|| [2 views ] Top

#1 ...A couple other articles I've seen suggest that because of Italian law - and Costa Concordia was an Italian ship - they will have to file in Italy...which requires you to post a 10% bond when you file a lawsuit. I'm sure these nice folks can come up with $4.6M USD in cash...

Mike

Posted by Mike Kozlowski 2012-01-29 08:03|| 2012-01-29 08:03|| Front Page Top

#2 I bet Carnival has set up their registrations and subsidiaries etc. such that it will be very difficult to win a major lawsuit against them. But maybe because there are 4000 people involved it will help - I know from personal experience it is virtually impossible to fight a corporation in Delaware while residing in Louisiana, and this incident ought to be even harder.

Posted by Glenmore 2012-01-29 10:17|| 2012-01-29 10:17|| Front Page Top

#3 And the contract has a clause limiting damages to $71,000/person.

Posted by Eric Jablow 2012-01-29 12:48|| 2012-01-29 12:48|| Front Page Top

#4 I bet Carnival has set up their registrations and subsidiaries etc. such that it will be very difficult to win a major lawsuit against them.

S.O.P. in the maritime world is that the Costa Concordia would be the sole asset of a limited liability corporation, separate from but majority-owned by Costa Cruise Lines.

Posted by Pappy 2012-01-29 15:49|| 2012-01-29 15:49|| Front Page Top

#5 and flagged in Ruritania?

Posted by Frank G 2012-01-29 15:55|| 2012-01-29 15:55|| Front Page Top

#6 Probably, Frank. Unfortunately, Joe Biden is a lookalike for her King.

Posted by Eric Jablow 2012-01-29 17:16|| 2012-01-29 17:16|| Front Page Top

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