Overview
- The Delaware petition lists estimated liabilities of $100 million to $500 million against assets of $10 million to $50 million.
- Company officials say the park will continue operating with no impact to day-to-day activities or scheduled events.
- Bankruptcy filings state the owner will appeal the verdict, arguing reversible error, with insurance covering trial and appellate counsel.
- The Estifanos family’s judgment is the largest claim, and court papers say prior forbearance agreements expired this week, triggering the filing.
- State investigators found the 2021 death resulted from operator errors and restraint failures; the ride was redesigned and reopened in 2023 as Crystal Tower with added safety features.