TV Co. Agrees To Pay $30M To Put Out Fire Suit

Law360, New York (February 4, 2008, 12:00 AM EST) -- LIN TV Corp.'s insurance companies have agreed to pay $30 million to end allegations related to a 2003 fatal fire, including that a TV cameraman blocked an exit during the nightclub blaze.

The broadcasting company, which owns Rhode Island-based WPRI-TV Channel 12, is also settling allegations that Jeffrey Derderian, a WPRI employee who also owned the The Station nightclub, failed to warn patrons about the risk of a fire.

The tentative settlement, which will be paid by LIN TV's insurance companies, still has to win approval...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.