According to the Kansas City trial attorney Roger Nail, it is believed to be the largest wrongful death settlement in the state’s history.
In total, the family of Caleb Schwab was paid $19,732,12, a sum that was split between four parties with the largest payment of $14 million awarded from SVV 1 and KC Water Park, two companies associated with Schlitterbahn Waterpark where the incident occurred.
The rest of the money is set to come from the general contractor, the raft manufacturer and a company that consulted on the 17-story ride.
The Star reports that the Schwab family had previously reached settlements with the companies involved in the incident, although the exact amount had not been disclosed.
But the figures were released after the publication argued that they should be made public to ensure that those responsible for the boy’s death be held accountable.
The two women on Caleb’s raft who also suffered serious injuries only agreed to settle with Schlitterbahn if the park tore down the ‘Verruckt’ ride, according to reports.
The waterslide has been closed since the tragic death on August 7 2016.