There is an outstanding $9 million judgement against the parasail operator in NC state court. This $100,000 verdict is in US District Court, and is the result of a “limitation action in admiralty.” The limitation action was filed by the defense and was successful, thereby recovery by all plaintiffs is restricted to the value of the vessel.In this matter that value is $100,000. What effect will it have on the state court verdict of $9million?
There is an outstanding $9 million judgement against the parasail operator in NC state court. This $100,000 verdict is in US District Court, and is the result of a “limitation action in admiralty.” The limitation action was filed by the defense and was successful, thereby recovery by all plaintiffs is restricted to the value of the vessel.In this matter that value is $100,000. What effect will it have on the state court verdict of $9million?