By Diana Novak Jones
Investors and financial market enthusiasts take note - the families of the six workers who tragically lost their lives in the collapse of the Francis Scott Key Bridge in Baltimore are seeking justice. Lawsuits have been filed against the owner and operator of the cargo ship involved in the incident, with claims of negligence and mechanical issues.
The lawsuits, filed in Maryland federal court, seek unspecified damages from Grace Ocean Pte Ltd and Synergy Marine Group. The families of the victims are seeking accountability for allowing the ship to depart Baltimore despite known mechanical issues.
One survivor, Julio Cervantes Suarez, has also filed a lawsuit seeking damages for his injuries. The tragic incident occurred when the bridge collapsed, causing Cervantes' truck to fall into the river.
The U.S. Department of Justice has also taken action, filing a lawsuit against the companies over the disaster. The lawsuit seeks at least $100 million in response to the government's expenses related to the incident.
Investors should take note of the potential financial implications for Grace Ocean and Synergy, as they have filed a petition to limit their liability from the crash. Claimants have until September to come forward with their claims.
Additionally, Brawner Builders, the company that employed the workers who tragically lost their lives, has also filed a lawsuit seeking damages. Ace American Insurance has also entered the legal battle, seeking to recoup $350 million in expenses related to the bridge collapse.
As the legal battles unfold, investors should monitor the situation closely for potential financial impacts on the companies involved. Stay tuned for updates on this developing story.