Justice Department reaches $100 million settlement with two companies in Baltimore bridge collapse

  • 📰 cnnbrk
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 55%

Business News News

Business Business Latest News,Business Business Headlines

The Justice Department has reached a settlement for more than $100 million with the two corporations that owned and operated the container ship that destroyed Baltimore’s Francis Scott Key Bridge in March.

As part of the settlement, Grace Ocean Private Limited and Synergy Marine Private Limited – two Singaporean companies – will pay nearly $102 million to resolve a civil claim alleging that the companies’ cost-cutting and negligence in the ship’s maintenance led to the disastrous collision. The settlement comes more than six months after the 213-million-pound cargo vessel lost power and slammed into the bridge, resulting in the deaths of six construction workers.

“Nearly seven months after one of the worst transportation disasters in recent memory, which claimed six lives and caused untold damage, we have reached an important milestone with today’s settlement,” Benjamin Mizer, the Justice Department’s principal deputy associate attorney general, said in a statement.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 393. in BUSİNESS

Business Business Latest News, Business Business Headlines