"Because We Blogged It" -- a view of law, life, and after, from the keyboards of Jim and Matt, two guys who don't have any compunction about telling anyone at all what we think.
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?
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).
If so, it's a good time to be a Farese...
ReplyDeleteI agree. But has it ever been a bad time?
ReplyDeleteI assume the settlement covers both Mr. and Mrs. Irby?
ReplyDeleteConsidering there has been no civil suit filed, the answer would be no.
ReplyDeleteJust 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.
ReplyDeleteI 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.
ReplyDeleteI 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).