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CSX Railroad says it will appeal a Savannah, GA, jury verdict of $11.2 million rendered after a six-day trial stemming from the fatal train accident on the set of the film Midnight Rider of which CSX Railroad is required to pay $3.9 million according to the jury's apportionment.
Sarah Jones, a 27-year-old camera assistant, was struck and killed on the Doctortown, GA, trestle when a CSX train hit the movie set where she was working on Feb. 20, 2014, according to the lawsuit. Midnight Rider was to be a biopic based on musician Gregg Allman's autobiography My Cross to Bear.
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There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
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