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federal investigation launched into ocean gate after titan submersible tragedy

OceanGate is under federal investigation following the implosion of its Titan submersible during a Titanic expedition in June 2023, which resulted in five fatalities, including CEO Stockton Rush. The probe involves former employees and expedition members, focusing on the company's complex financial structure and potential fraud. A civil lawsuit seeks $50 million from OceanGate and Rush's estate for the death of Titanic explorer Paul-Henri Nargeolet, amid concerns about the company's financial stability and legal liabilities.
WIRED
Argus Expeditions Ltd Cyclops 2 LLC OceanGate Foundation OceanGate Inc. USA BHS Richard Aboulafia Paul-Henri Nargeolet Furman Moseley Stockton Rush Tony Nissen Show more
Regulatory & Legal, News Article
15:57 25.10.2024
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