[MEDIA] Dow Jones 10.27.03 Lewmar/World Wrestling: Related To Wrestler's Death

Dow Jones Business News

Lewmar/World Wrestling: Related To Wrestler's Death

Monday October 27, 5:11 pm ET 

KANSAS CITY, Mo. (Dow Jones)--Lewmar Ltd.'s insurers agreed to pay
World Wrestling Entertainment $9 million to a settle lawsuit related
to the 1999 death of Owen Hart, a wrestler who fell to his death
during a stunt.
In January, World Wrestling said a Missouri court ruled that the
no-money settlement between Martha Hart and Lewmar Inc. was invalid.
The ruling allowed World Wrestling to pursue the cost of its $18
million settlement with Hart's family from the U.K.-based maker of
marine deck equipment and systems.

In a press release Monday, Lewmar said its insurers decided to settle
based on their own commercial considerations, and the settlement isn't
an admission of liability by Lewmar.

Because the settlement will be paid by the insurers, it won't affect
the company's bottom line, Lewmar said.