A settlement has been reached between the manufacturer of racing sailboat Cynthia Woods and crew member Roger Stone's widow.
Cape Fear Yacht Works has agreed to pay Linda Stone and her two children $375,000 within the next 3 years.
The Texas A&M University racing sailboat capsized June 6, 2008, when its keel and a portion of the hull surrounding it broke off during a race from Galveston, Texas, to Vera Cruz, Mexico. The boat capsized in seconds, tossing four members of the Texas A&M University at Galveston Offshore Sailing Team and one safety officer into the Gulf of Mexico, where they drifted for 26 hours. Roger Stone, the crew's second safety officer, pushed two student sailors to safety but was trapped below deck.
Kent Mitchell, the son of billionaire developer George Mitchell, owns Cape Fear Yacht Works.
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