Royal Caribbean Group RCL Plaintiff amount
Plaintiff amount at other companies
Other financials
Where this comes from
Reported directly by Royal Caribbean Group in its filing.
Tagged under the XBRL concept us-gaap:LossContingencyDamagesAwardedValue.
The source filing: Royal Caribbean Group’s 10-K, filed February 14, 2025.
- Filed
- Feb 14, 2025
- Fiscal year
- FY2024
- Accession
- 0000884887-25-000050
The Court entered final judgment in December 2022 in favor of the plaintiff and awarded damages and attorneys' fees to the plaintiff in the aggregate amount of approximately $112 million. We then appealed the judgment to the United States Court of Appeals for the 11th Circuit. On October 22, 2024, the 11th Circuit issued an opinion reversing the lower court’s judgment. The plaintiff's petition for a rehearing by the full 11th Circuit was subsequently denied. The plaintiff has the right to petition the United States Supreme Court for a writ of certiorari. During the fourth quarter of 2022, we recorded a charge of approximately $130 million to Other (expense) income within our consolidated statements of comprehensive income (loss) related to the Havana Docks Action, including post-judgment interest and related legal defense costs and bonding fees. Following the 11th Circuit's denial of the rehearing petition, we released approximately $124 million of the previously recorded loss contingency for the year ended December 31, 2024, recognized within Other (expense) income within our consolidated statements of comprehensive income (loss).
Item 16. Form 10-K Summary
FAQ
- What is Royal Caribbean Group's plaintiff amount?
- Royal Caribbean Group (RCL) reported plaintiff amount of $31M in Q4 2024.
- How has Royal Caribbean Group's plaintiff amount changed year-over-year?
- Royal Caribbean Group's plaintiff amount increased by 10.7% year-over-year, from $28M to $31M.
- What does plaintiff amount mean?
- This metric represents the total monetary value of damages awarded to the company as a plaintiff in legal proceedings or settlements. It reflects the recovery of losses or compensation for damages incurred, recognized when the receipt of funds is deemed probable and the amount is reasonably estimable. This is distinct from core operating revenue and represents non-recurring legal recoveries.
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