@Gavin, Is the below info from a Seaworld SEC filing on the 11th what you are referencing?Seaworld is only paying $19.5 Million with the remaining $45.5 Million coming from insurance.
Specifically this part, but yes.“In summary, the above two settlements (which are in no way contingent on each other) will require the Company to make a payment of $65.0 million which the Company intends to fund as follows: (i) approximately $33.0 million in insurance proceeds for the Baker case, (ii) $12.5 million of insurance proceeds related to the Kistenmacher case and (iii) approximately $19.5 million from the Company’s cash."
Maybe they’ll pull an alpha move and just decide they won’t pay that fee, either.Just an update here: It’s finally going forward.
The settlement is an outgrowth of a class action suit claiming SeaWorld deceived investors when it said 'Blackfish' had no ill effect on attendance.www.latimes.com
Moral of the story? Don’t lie to your investors, kids. They don’t like that.