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Maryland Reaches Partial Settlement With Owner and Operator of Dali in Key Bridge Collapse

The partial deal sets the stage for a June court test of a $44 million liability cap.

FILE - A boat moves past the bow of the container ship Dali prior to the detonation of explosive charges to bring down sections of the collapsed Francis Scott Key Bridge resting on the Dali, May 13, 2024, in Baltimore. (AP Photo/Mark Schiefelbein,File)
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Overview

  • The attorney general announced Thursday a settlement in principle with Grace Ocean and Synergy that resolves part of Maryland’s claims.
  • State officials did not disclose terms and said the agreement excludes any claims the state may bring against the shipbuilder, Hyundai.
  • The move follows ACE American Insurance’s $350 million payout to Maryland and a separate recovery settlement ACE reached with the vessel interests.
  • A trial set for June 1 before U.S. Senior District Judge James K. Bredar will decide whether the ship’s owners can limit liability to about $44 million under maritime law.
  • The March 2024 crash, which federal investigators tied to a loss of electrical power and propulsion, killed six workers and left the state facing a rebuild estimated at roughly $4.3–$5.2 billion through about 2030.