Hart's death affects WWF finances
The World Wrestling Federation announced to its stock holders in a press release today that its second quarter earnings will be affected by a $7 million charge related to settling the wrongful death lawsuit filed by Owen Hart's family.
It is not known whether the charge is a part of the settlement reached with the Hart family this week or some other fee connected to the case. The WWF also made it known that it may still pursue legal action against other companies whose products were involved in the accident.
Owen Hart died during the WWF Over The Edge pay-per-view in May of 1999. Hart was killed when he fell six stories to his death during a repelling stunt on the live broadcast from the Kemper Arena in Kansas City. Hart was supposed to be lowered into the ring from the arena's roof as the mock superhero character, The Blue Blazer, but something went wrong and Hart plummetted to his death.
Under the terms of the agreement, the World Wrestling Federation will receive a full release from any further liability in the case. Hart is survived by his wife Martha and his children Oje and Athena.
-- SLAM! Wrestling