ETM ''Fully Covered'' by Insurance in Water Death
In a 10-Q filing with the SEC, Entercom said the $16.6 million awarded by jurors in the wrongful death suit of Jennifer Strange was covered by insurance. Entercom said that "the claims, which were settled in October 2009, were fully covered by the company's insurance policies. In connection with the settled claim, Entercom recorded an insurance claim receivable from its insurance company of $16.8 million."
Jennifer Strange, 28, died nearly three years ago after finishing second in KDND-FM (107.9 The End)/ Sacramento's "Hold Your Wee For a Wii," the now infamous bladder buster stunt put together by the Morning Rave.
Attorneys for Strange's husband children had asked the jurors to hold KDND, and its parent company, Entercom, liable for Strange's death -- seeking between $24 and $34 million in damages. Entercom's lawyer told the seven-man, five-woman jury that it should award Strange's survivors only $4.5 million in damages.
