It's debatable if the fiduciary standard is 'higher' than suitability. But the better question might be, who's holding the bar?
April 12--A $2 million settlement has been reached with the insurance company for a man accused in a double-fatal, hit-and-run crash on State Road 44 in New Smyrna Beach last year.
Luis Gracia, a partner in the Port Orange-based law firm of Rue, Ziffra & Caldwell, recently won the settlement in the crash that killed Zachary Tyler Kahle, 24, and his girlfriend, Savannah Jo Dejarnette, 26, both of Oak Hill, on Aug. 6, a statement Saturday said.
They were struck by a plumbing van driven by Brian Dale Kennedy, 37, of Edgewater, as they walked along S.R. 44 just east of Sugar Mill Drive, records show.
Kennedy, who has a long list of traffic infractions, told authorities he thought he had hit a deer.
The front end of his work van was smashed, a headlight was broken and the windshield was shattered and had a hole in it.
Kennedy was arrested on charges of leaving the scene of a fatal accident and driving with a suspended license.
Kahle and Dejarnette were on foot after abandoning her older-model Buick on Interstate 95.
They were thrown about 200 feet after the crash.
They were left in the grass along the shoulder of the road.
A man riding a scooter later spotted their bodies.
The insurance company that covered Kennedy paid its policy limits of $2 million to resolve the entire case, said Gracia, who represented the estate of Zachary Kahle.
(c)2014 The Orlando Sentinel (Orlando, Fla.)
Visit The Orlando Sentinel (Orlando, Fla.) at www.OrlandoSentinel.com
Distributed by MCT Information Services