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Improper manufacturing by Ride the Ducks International, the vehicle manufacturer, and inadequate maintenance by Ride the Ducks of Seattle, the vehicle owner and operator, resulted in the axle failure that subsequently led to the loss of vehicle control.
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The student was dragged more than 500 feet after being hit by the bus and found under the rear axle by the local Sherriff’s office.
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Violations include trains stopping too close to each other and workers using cell phones when they shouldn't have.
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The settlement allows victims to have their awards in hand by June instead of waiting years for a lawsuit to play out, their lawyers said Thursday.
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NTSB officials added they will continue to investigate vehicle conditions as well as driver histories to determine what caused the accident, but cautioned that it could take at least a year for a full picture to emerge.
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It's still too early to definitely say what caused the accident, officials say. There were no signs of braking, such as skid marks, so far, and the tour bus was also determined not to have seatbelts.
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All the victims were adults, according to the report, with the surviving passengers and the big rig driver only suffering minor injuries.
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The agency opened six more tracks at 4 a.m. Monday. The agency also noted that the station's ticket office has resumed operations and all regularly scheduled trains are running.
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In addition, a man who had his finger partially ripped off during the accident is planning to sue the transit agency.
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In all, eight of the 17 tracks at the Hoboken Terminal were set to reopen Monday at the busy station where commuters connect with other trains and ferries heading into New York City.
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