The Unlikely Duo Rethinking Wearable Technology

Why did a surgeon and Snap exec team up? They saw the missing ingredient in the $84T wearables market: behavior. So they built Emteq and invented smart glasses sensors to track real-time expressions, unlocking insights into why we do things. With a $15M term sheet already secured, Emteq is what Big Tech's missing.

Ship owner in Baltimore bridge collapse seeks to blame others as liability case takes shape

LEA SKENE
October 29, 2024

BALTIMORE (AP) -- As a sprawling liability case takes shape following the deadly collapse of Baltimore's Francis Scott Key Bridge in March, the owner and manager of the container ship Dali are seeking to deflect responsibility and cast blame elsewhere.

Attorneys for Singapore-based Grace Ocean Private Limited and Synergy Marine Group argued in court Tuesday that Maryland state officials should have better protected the bridge against ship strikes. They also raised questions about whether the shipbuilder installed faulty electrical equipment that caused the Dali to lose power as it approached the bridge.

Meanwhile, lawyers for dozens of claimants seeking damages argued that the immediate focus should remain on where the two companies dropped the ball.

"It's not an offensive tool," said attorney David Reisman, who represents the state of Maryland. He argued the court shouldn't consider such allegations from the companies this early in the litigation process.

Among the claimants are the families of six construction workers killed in the collapse as well as state and local governments, businesses, longshoremen and more. They've accused Grace Ocean and Synergy of failing to properly maintain the Dali, ignoring longstanding problems with its electrical system and knowingly sending an unseaworthy vessel into Maryland waters.

Shortly after the March 26 collapse, the companies filed a petition in federal court in Baltimore seeking to limit their liability. Since then, nearly 50 other entities have filed opposing claims in the case.

At a scheduling conference Tuesday, Judge James Bredar questioned attorneys on both sides in an effort to "bring structure to this sprawling and unusual matter," which could become the most expensive marine casualty case in history.

Bredar said the ultimate goal is delivering the case "to the launching pad for settlement." But that could take years. He said a forthcoming order will address the first phase of the case, including a timeline and a determination of the appropriate scope -- whether it's narrowly focused or considers broader questions like third-party liability.

William Bennett, an attorney for Grace Ocean, argued the court should consider assigning "significant liability and fault" to state officials, among others. He cited "decades of records" showing the state of Maryland failed to properly protect the bridge, which was built in the 1970s with minimal pier protection.

The courtroom's gallery was filled with attorneys involved in the case. The discovery process will likely include dozens of hourslong depositions over the next several months, culminating in a bench trial.

It's possible some of the federal claims could be settled in the meantime. Just last week, Grace Ocean and Synergy agreed to pay more than $102 million in cleanup costs to settle a claim brought by the U.S. Department of Justice. That payment will reimburse the federal government for money spent clearing massive amounts of debris from the Port of Baltimore's main shipping channel, which remained closed for months after the collapse.

After announcing the settlement, a spokesperson for Grace Ocean said it wasn't an admission of responsibility or wrongdoing.

The Justice Department claim, which has since been dismissed, provided the most detailed account yet of the cascading series of failures that left the Dali's pilots and crew helpless in the face of looming disaster. The complaint pointed to "excessive vibrations" on the ship that attorneys called a "well-known cause of transformer and electrical failure." Instead of dealing with the source of the vibrations, crew members "jury-rigged" the ship, the complaint alleged.

FBI agents boarded the ship in April amid a criminal investigation into the circumstances leading up to the collapse.

The Dali was leaving Baltimore enroute to Sri Lanka when it lost power and veered off course, striking the bridge. Six members of a roadwork crew plunged to their deaths. A last-minute mayday call from the ship's pilots allowed police to stop traffic to the bridge, but they weren't able to alert the workers.

The collapse snarled commercial shipping traffic through the Port of Baltimore, increased commute times for local drivers and left many longshoremen temporarily out of work. Trucking businesses and other companies that relied on the bridge are anticipating long-term impacts, according to court filings.

The federal case will likely be followed by additional lawsuits in Maryland state courts.

Continue Reading...

Popular

Trump keeps saying the GOP mega bill will eliminate taxes on Social Security. It does not

WASHINGTON (AP) — President keeps saying that Republicans' mega legislation will eliminate taxes on federal benefits.

Cathie Wood's Alpha Surge: $250 Million Circle Windfall, Big AMD Buys

Cathie Wood, founder and CEO of ARK Invest, has recently been on a hot streak of successful and high-profile trades through her flagship ARK ETFs. 

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Marjorie Taylor Greene: 'Muslim Takeover' Threatens American Women

Rep. Marjorie Taylor Greene (R-Ga.) has expressed her fears regarding what she believes to be the most significant threat to the freedom of American women.

Mystery Seller Behind $105 Million Plot Next to Jeff Bezos Estate Finally Revealed

A plot of land neighboring Jeff Bezos' property in Miami was sold for a staggering $105 million. The undeveloped lot was sold by German investor Mikhail Peleg.

FDA Submission Expected This Summer - Invest Before It Happens - Ad

This company is making heart disease easier to detect with AI. Their tech has officially been designated a "Breakthrough" by the FDA. You now have an opportunity to get in at a potential inflection point.

Greenland has a message for the rest of the world: Come visit

NUUK, Greenland (AP) — has a message for the rest of the world: We’re waiting for you.

BigBear.ai (BBAI) Stock Soars 21%: What's Going On?

Shares of BigBear.ai are trading sharply higher Tuesday afternoon. The rally comes without any new company-specific announcements.

The Missing Ingredient for Big Tech's $3T Recipe? - Ad

Big Tech doesn't build everything; they buy what's next. And only Emteq's tech offers real behavior insights for smart glasses, key to unlocking the $3T XR market. Their patented sensors track live facial muscle movements. With health-focused smart glasses in demand, only Emteq has this tech.

Trump's Tariffs, Boeing's Blowout, Tesla's Robotaxi, BYD's European Triumph And GM's Massive Recall: This Week In Mobility

This week's business and finance highlights include Japan's rejection of Trump's auto tariffs, Boeing's scrutiny over a mid-air incident, Tesla's Robotaxi launch, BYD's dominance in Europe, and GM's massive vehicle recall.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

Elon Musk Says 'Clear Path' To Restoring Hearing With Neuralink, But The Deaf Community Want To Have Their 'Say'

Elon Musk's Neuralink faces backlash from the deaf community after proposing brain implant technology to restore hearing, with deaf adults calling for inclusion in the research process.

Back This Medical AI Tech - Ad

You don't often find healthcare tech company valued at $4M. HeartSciences is an exception. With $75M invested, including R&D, clinical trials, and product development, their patented AI software is approaching FDA submission, a potential major inflection point.

Way clear for Hewlett Packard Enterprise's $14B acquisition of Juniper after Justice Dept settlement

Hewlett Packard Enterprise has reached a settlement with the Justice Department that could clear the way for its $14 billion takeover of rival Juniper Networks.

You Voted for Trump. You Didn't Vote for This... - Ad

Markets in chaos-stocks wiped out, tariffs from the 1930s, agencies collapsing. But it's not random: Trump's "GREAT RESET" is a four-year plan to reset markets, risking $10T in value. Discover if your retirement is in danger and learn the one trade that could turn $1,000 into $29,000 by the end of 2026.

Ivy League MBA Was A 'Waste Of Time,' Says Veteran Banker, Lists Two Key Traits Far More Relevant In The AI Age

Standard Chartered CEO Bill Winters says his MBA was a waste of time, and today's leaders need curiosity and empathy, not just technical skills.

Air India faces turbulence as plane crash prompts deeper checks and disruptions

NEW DELHI (AP) — Air India is facing fresh turbulence following last week’s fatal crash as additional safety inspections on its Dreamliner fleet have led to flight delays, cancellations and growing passenger anxiety.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd.

Michael Novogratz's Galaxy And Invesco File To Launch Solana ETF: What You Should Know About QSOL

Asset management giant Invesco filed for a cryptocurrency exchange-traded fund focused on Solana (CRYPTO: SOL) on Wednesday, expanding its offerings beyond Bitcoin (CRYPTO: BTC).

How to manage ADHD at work and turn it into a strength

NEW YORK (AP) — Jeremy Didier had taken her son to a psychologist for a when she spotted an article about women with the condition. As she read it in the waiting room, she thought to herself: They're describing me.

A Historic Gold Announcement Is About to Rock Wall Street - Ad

The greatest investor of all time is about to validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent - and four tiny miners could be your ticket to 100X gains.

Netflix's Squid Game Finale Takes Over Seoul With Massive Parade, Star-Studded Fan Event

Netflix celebrated the finale of Squid Game with a parade and fan event in Seoul, featuring characters and emotional reflections from cast.

Crypto Genius: These 5 Altcoins Could Crush Bitcoin in 2025 - Ad

On August 30th, two powerful "Wealth Drivers" ignite what could be a 2025 super bull run-backed by Trump. The altcoin market as a whole has already soared 132,721% over the past ten years and could surge again. A $900 stake could turn into $108K over 12 months. This is The Great Gain of 2025.

The Unlikely Duo Rethinking Wearable Technology - Ad

Why did a surgeon and Snap exec team up? They saw the missing ingredient in the $84T wearables market: behavior. So they built Emteq and invented smart glasses sensors to track real-time expressions, unlocking insights into why we do things. With a $15M term sheet already secured, Emteq is what Big Tech's missing.

How a GOP rift over tech regulation doomed a ban on state AI laws in Trump's tax bill

NEW YORK (AP) — A controversial bid to deter states from regulating artificial intelligence for a decade seemed on its way to passing as the championed by worked its way through the U.S. Senate.

Here's how millions of people could lose health insurance if Trump's tax bill becomes law

WASHINGTON (AP) — Roughly 11.8 million adults and children will be at risk for losing health insurance if Republicans' domestic policy package becomes a law.

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

College graduates face toughest job market in more than a decade as hiring slows

WASHINGTON (AP) — While completing a master’s degree in data analysis, Palwasha Zahid moved from Dallas to a town near . The location made it easy to visit the campuses of tech stalwarts such as Google, Apple, and .

Bye Bye Birdie: Twitter Blue Bird Logo Blown Up To Promote Online Marketplace Company

Elon Musk bought Twitter for $44 billion and rebranded it to X, auctioning off old memorabilia like the iconic blue bird logo. Ditchit, the buyer of the logo, recently blew it up in a promotional stunt.

FDA Submission Expected This Summer - Invest Before It Happens - Ad

This company is making heart disease easier to detect with AI. Their tech has officially been designated a "Breakthrough" by the FDA. You now have an opportunity to get in at a potential inflection point.

Musk Third-Party Odds Hit 47% — Can The Tesla Chief Do What No One Has Since 1853?

A promise to create a third party from billionaire Elon Musk comes with historical difficulties of challenging the current two-party system.

T-Mobile Stock (TMUS) Plunges After SoftBank's $4.8B Share Sale: Report

T-Mobile stock is down over 4% after SoftBank reportedly sold $4.8 billion in shares at a discount. This major share sale by a key investor is contributing significantly to the stock's decline Tuesday.

The Missing Ingredient for Big Tech's $3T Recipe? - Ad

Big Tech doesn't build everything; they buy what's next. And only Emteq's tech offers real behavior insights for smart glasses, key to unlocking the $3T XR market. Their patented sensors track live facial muscle movements. With health-focused smart glasses in demand, only Emteq has this tech.

Inside The Trump Family's $620 Million Crypto Empire

Since retaking the White House, Donald Trump's reported net worth has remained broadly stable, around $6.5 billion on Election Day to roughly $6.4 billion today.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright systemtrading.ca
Privacy Policy | Terms of Service