Tourist submersible missing on visit to Titanic

[Anonymous]

Anonymous wrote:Titan submersibles released an official suspension of operations today, no further comment.

Let the lawsuits commence.

The entity is formed offshore and with all the legal liability protections they could dream up. I’m not sure the damages juice is worth the law firm squeeze.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Titan submersibles released an official suspension of operations today, no further comment.

Let the lawsuits commence.

The entity is formed offshore and with all the legal liability protections they could dream up. I’m not sure the damages juice is worth the law firm squeeze.

That waiver probably won't hold up in court.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Titan submersibles released an official suspension of operations today, no further comment.

Let the lawsuits commence.

The entity is formed offshore and with all the legal liability protections they could dream up. I’m not sure the damages juice is worth the law firm squeeze.

That waiver probably won't hold up in court.

Why would billionaire families bother to sue? Time, effort, emotional torture for what? Company is defunct and doubtful there is insurance available. No lessons to be taught as the person responsible is already dead.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Titan submersibles released an official suspension of operations today, no further comment.

Let the lawsuits commence.

The entity is formed offshore and with all the legal liability protections they could dream up. I’m not sure the damages juice is worth the law firm squeeze.

That waiver probably won't hold up in court.

Why would billionaire families bother to sue? Time, effort, emotional torture for what? Company is defunct and doubtful there is insurance available. No lessons to be taught as the person responsible is already dead.

Some of the executives are still alive. If billionaires won’t sue and the waivers are airtight, then I guess Oceansgate executives have nothing to worry about. Otherwise, they should get into brace position.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Titan submersibles released an official suspension of operations today, no further comment.

Let the lawsuits commence.

The entity is formed offshore and with all the legal liability protections they could dream up. I’m not sure the damages juice is worth the law firm squeeze.

That waiver probably won't hold up in court.

Why would billionaire families bother to sue? Time, effort, emotional torture for what? Company is defunct and doubtful there is insurance available. No lessons to be taught as the person responsible is already dead.

Some of the executives are still alive. If billionaires won’t sue and the waivers are airtight, then I guess Oceansgate executives have nothing to worry about. Otherwise, they should get into brace position.

What assets do you think Oceangate has now that their submersible is destroyed and their IP is worthless?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Titan submersibles released an official suspension of operations today, no further comment.

Let the lawsuits commence.

The entity is formed offshore and with all the legal liability protections they could dream up. I’m not sure the damages juice is worth the law firm squeeze.

That waiver probably won't hold up in court.

Why would billionaire families bother to sue? Time, effort, emotional torture for what? Company is defunct and doubtful there is insurance available. No lessons to be taught as the person responsible is already dead.

Some of the executives are still alive. If billionaires won’t sue and the waivers are airtight, then I guess Oceansgate executives have nothing to worry about. Otherwise, they should get into brace position.

Have you heard the phrase “you can’t get blood from a stone?”

People have a romantic view of lawsuits…like you will run in, yell “guilty,” and collect your $200M check. It’s years of work and emotional trauma and nothing is a sure thing. And if you’re suing a defunct company, there’s nothing to “win.”

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Titan submersibles released an official suspension of operations today, no further comment.

Let the lawsuits commence.

The entity is formed offshore and with all the legal liability protections they could dream up. I’m not sure the damages juice is worth the law firm squeeze.

That waiver probably won't hold up in court.

Why would billionaire families bother to sue? Time, effort, emotional torture for what? Company is defunct and doubtful there is insurance available. No lessons to be taught as the person responsible is already dead.

Some of the executives are still alive. If billionaires won’t sue and the waivers are airtight, then I guess Oceansgate executives have nothing to worry about. Otherwise, they should get into brace position.

Have you heard the phrase “you can’t get blood from a stone?”

People have a romantic view of lawsuits…like you will run in, yell “guilty,” and collect your $200M check. It’s years of work and emotional trauma and nothing is a sure thing. And if you’re suing a defunct company, there’s nothing to “win.”

Someone keeps reviving this thread to argue that litigation is pointless. I wonder why.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Titan submersibles released an official suspension of operations today, no further comment.

Let the lawsuits commence.

The entity is formed offshore and with all the legal liability protections they could dream up. I’m not sure the damages juice is worth the law firm squeeze.

That waiver probably won't hold up in court.

Why would billionaire families bother to sue? Time, effort, emotional torture for what? Company is defunct and doubtful there is insurance available. No lessons to be taught as the person responsible is already dead.

Some of the executives are still alive. If billionaires won’t sue and the waivers are airtight, then I guess Oceansgate executives have nothing to worry about. Otherwise, they should get into brace position.

Have you heard the phrase “you can’t get blood from a stone?”

People have a romantic view of lawsuits…like you will run in, yell “guilty,” and collect your $200M check. It’s years of work and emotional trauma and nothing is a sure thing. And if you’re suing a defunct company, there’s nothing to “win.”

Exactly, sometimes the juice isn’t worth the squeeze.

[Anonymous]

If I have a billion dollars, I have plenty of time and money to destroy whoever destroyed my loved one.

[Anonymous]

Anonymous wrote:If I have a billion dollars, I have plenty of time and money to destroy whoever destroyed my loved one.

Yep, destroying the company's executives alone is worth the "squeeze."

[Anonymous]

The Behind the Bastards podcast on Stockton Rush is certainly worth a listen.

[Anonymous]

If you believe the transcript that's been circulating is authentic (I do), then it looks like, after descending too fast, they were in panic mode for ~19 minutes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Titan submersibles released an official suspension of operations today, no further comment.

Let the lawsuits commence.

The entity is formed offshore and with all the legal liability protections they could dream up. I’m not sure the damages juice is worth the law firm squeeze.

That waiver probably won't hold up in court.

Why wouldn’t it hold up? These were highly sophisticated actors. They were fully briefed on the risks of diving on an experimental unregulated submersible and chose to assume them anyway. The best they could claim is there was some fraud. But I fully believe Rush was high on his own supply so there was no intent to deceive.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Titan submersibles released an official suspension of operations today, no further comment.

Let the lawsuits commence.

The entity is formed offshore and with all the legal liability protections they could dream up. I’m not sure the damages juice is worth the law firm squeeze.

That waiver probably won't hold up in court.

Why wouldn’t it hold up? These were highly sophisticated actors. They were fully briefed on the risks of diving on an experimental unregulated submersible and chose to assume them anyway. The best they could claim is there was some fraud. But I fully believe Rush was high on his own supply so there was no intent to deceive.

The father and son weren't sophisticated actors. Unclear if They were just tourists. And waivers like that rarely hold up in court, especially when negligence is involved. The fact that the CEO didn't care about his own life is neither here nor there.

The company's executives have a rough ride ahead.

[Anonymous]

Anonymous wrote:If you believe the transcript that's been circulating is authentic (I do), then it looks like, after descending too fast, they were in panic mode for ~19 minutes.

That….is absolutely horrific.