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Legal ramifications against Camp Mystic

83,634 Views | 736 Replies | Last: 1 hr ago by MAS444
Alta
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AG
Yes, it's safe to say that even if they were able to take the land where Mystic sits (which will be incredibly challenging) the judgements will be so high they will never be satisfied. Remember there are 25 currently (and potentially 27) plaintiffs. Insurance policies could be extinguished, land sold, etc. and there just is not much money there when you divide it by 25 (even before taking into account legal fees).

That's why I think it is very misguided to say the lawsuits are about money . There just is not going to be much money there at the end of the day to satisfy any judgement even if everything goes as favorably as possible for the plaintiffs.
MAS444
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AG
Yes they can be forced to sell assets to cover a judgment but I doubt they have much in the way of physical assets other than the land. They could work out a payment plan but that would be up to the parties to agree to something like that.

The potential "gross negligence" coverage exclusion which is being discussed is a red herring. If the jury found "gross negligence" (which may indeed be excluded by coverage), they'd also find regular negligence (Which would be covered). That's assuming the plaintiffs lawyers wanted to keep a verdict within coverage.
 
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