Advertisement Family of boy killed on Schlitterbahn waterslide to receive $20M Caleb Schwab died Aug. 7 Share Shares Copy Link Copy

Court documents say the family of a 10-year-old boy who died on a giant waterslide at a Kansas water park will receive nearly $20 million in settlement payments. WATCH: Schwab family speaks out about "Verruckt" horror The Kansas City Star reported that $14 million of the payment to Caleb Schwab's family will come from SVV 1 and KC Water Park. The two companies are associated with Texas-based water park company Schlitterbahn. The rest of the money will come from the general contractor, the raft manufacturer and a company that consulted on the 17-story "Verruckt" waterslide, which was dubbed the tallest in the world. The waterslide at the park in Kansas City has been closed since Caleb's death on Aug. 7, 2016. The settlements were announced previously, but the amount involved wasn't disclosed.Schlitterbahn released the following statement Thursday:"The Schwab family and all those impacted by the accident will forever be in our thoughts and prayers, and our deepest condolences are with the family. We are thankful to have reached a settlement with all parties. We will be removing the ride from our Kansas City park when given permission by the court, which we have yet to receive."