Experts: Crashed ferry's owners may look to limit liability
The owners of the Seastreak Wall Street, the ferry that crashed while docking Wednesday in lower Manhattan, are expected by legal experts to invoke a 19th-century federal law unique to the shipping industry as a way to limit exposure to lawsuits, legal experts said.
By using the Limitation of Liability Act of 1851, owners often try to cap their legal exposure to the diminished value of the...