Raymond James ordered to pay $12 million to Texas plane crash families

A jury in Houston this month awarded more than $12 million to the families of three people killed in a plane crash in 2019 whose pilot, Jeffrey Weiss, was a financial adviser at Raymond James & Associates Inc., according to published reports.

Weiss and five passengers were killed in April 2019 when the plane they were in crashed in southern Texas. The plane went down in Kerrville, some 70 miles northwest of San Antonio, during an attempted landing, according to news reports at the time.

Weiss worked at Raymond James & Associates Inc. in Houston. A 43-year industry veteran, he had worked at Raymond James since 2012.

A spokesperson for Raymond James said Friday the company had no comment.

The families filed the wrongful death lawsuit in 2019 and the suit was decided Dec. 6, according to published reports.

According to a report in the Houston Chronicle, In the three years since the lawsuit’s filing, it was determined that Weiss, an experienced pilot with 5,000 flight hours, miscalculated the fuel needed to fly from Katy to the Kerrville area airport, the paper reported, citing attorney Richard Mithoff.