$102M Settlement Reached in Key Bridge Collapse Lawsuit

The owner and the operator of the vessel that caused the collapse of the Francis Scott Key Bridge in March have agreed to a settlement regarding the civil lawsuit filed by the U.S. Department of Justice in September.

Grace Ocean Private Limited and Synergy Marine Private Limited have agreed to pay $101,908,000 to resolve the DOJ’s civil claim seeking $103,078,056 under the Rivers and Harbors Act, Oil Pollution Act and general maritime law, a news release said.

Read more at Land Line.