As much of the world knows, a two-year old boy (Lane Graves) was killed by an alligator at Disney. Specifically, the attack happened at the Seven Seas Lagoon at Disney World’s Grand Floridian hotel in Orlando.
The boy wasn’t eaten by the alligator. However, it bit and drowned him.
The $10 Million Settlement Figure is My Best Guess
Here, I’ll explain why I think Disney may have paid around $10 million to the parents of the boy killed by the alligator.
This $10 million figure is my estimation. I haven’t seen any document that says that millions, or any amount, was paid to the parents for their pain and suffering.
On the other hand, the parents opened up a probate estate for the boy who was killed. A probate estate is usually only opened up for a child if the parents make (or settle) a wrongful death claim for the child’s death.
That being said, I wouldn’t be surprised if Disney paid $10 million to the parents. The full value of a wrongful case is much larger than most personal injury settlements. I will explain in detail in a moment.
Also, court records mention that the boy’s sister received over $50,000 as a settlement not too long after the incident. They don’t specifically say that Disney paid it. I’ll explain later.
I’ll discuss who paid the sister’s settlement in detail. [Read more…]