Quiet Settlements Close Out Many Theme Park Ride Cases
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But most suits stemming from serious injuries result in confidential settlements, an outcome favored by media shy theme parks.
Settlement is often favored because it doesn’t come with an admission of any liability, Professor James Kozlowksi of George Mason University’s School of Recreation, Health, and Tourism in Manassas, Va., told Bloomberg BNA.
It’s “simply a business decision to avoid the significant cost and uncertainty associated with litigation,” he said.
“Moreover, a quiet settlement avoids potential public relations fallout associated with protracted litigation and attendant media attention,” Kozlowski said.
To Settle or Not to Settle
A series of verdicts allows parties and insurers to peg how much a case might be worth if it advances to trial, and to compare that with the costs of litigating or settling a case,
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