Crumbling Away
1 hour ago
Wednesday, June 17, 2009
Settlement in Irby civil case?
Just heard a rumor that Stuart Irby settled the civil suit stemming from the wreck for a total of $70M. Can anyone confirm or deny?
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6 comments:
If so, it's a good time to be a Farese...
I agree. But has it ever been a bad time?
I assume the settlement covers both Mr. and Mrs. Irby?
Considering there has been no civil suit filed, the answer would be no.
Just because a civil suit was never filed does not mean that a case cannot be settled. The settling parties will release all of their rights and enter a covenant not to sue.
I don't think Karen has much in separate assets, so the smart thing to do would be to let her get hit with a judgement and then file for an individual bankruptcy.
I would imagine that Stuart has the family money tied up in trusts that would be shielded from Karen's liability (or money-grubbing hands in the case of a divorce).
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