Tuesday, March 25, 2008

$1 million and change...

[Source Eastbayri.com] NEWPORT – The owners of a 103-year-old sailing yacht that sunk during the Museum of Yachting's Robert Tiedemann Classic Regatta last summer are suing the owners of the 94-foot yacht Sumurun for more than $1 million.

According to the appeals committee, "Sumurun was properly found at fault for the subject collision through private resolution of disputes in an agreed-upon forum akin to arbitration which met the requirements for due process and Sumurun is therefore responsible for the collision."

In all, Amorita sustained damages, losses and expenses estimated at $1 million. In order to compensate their loss, the plaintiffs are asking that Sumurun be "arrested," condemned and sold. In addition, Mr. Pearsall and Mr. Doyle are also seeking unspecified "consequential" and punitive damages. Read the full story by Tom Shevlin