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Seastreak Seeks Liability Limit After Accident

The New York based ferry company, Seastreak, is seeking to limit its liability to $7.6 million in the aftermath of a crash that exposed it to more than $75 million in claims has settled so many of them it has almost run up against its asserted maximum exposure under maritime law.

What that means for the dozen passengers with millions of dollars in outstanding claims is unclear, especially because the firm designated as claimants’ lead counsel is asking that the court find someone new, given that all of its clients have resolved their claims.  SeaStreak LLC has been settling with allegedly injured passengers since the accident.

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