I despise Disney, but this is entirely on the parents.
I disagree.
The parents were completely blameless. They were not properly warned about the presence of gators in the lake and all the blame for the child's death falls upon Disney World.
When I saw the “no swimming please” sign I actually laughed out loud. I have reviewed hundreds of cases involving warning labels, and this sign didn't come close to putting anyone on notice of a possible gator attack. Besides, the child was wading, not swimming, so the sign was meaningless. Swimming could have been prohibited for a number of reasons, which would have had no effect on waders (contaminated water for example). Even if the child had been swimming the sign gave no indication that this created a potentially life threatening situation. It could have been nothing more than a park rule designed to maintain a certain atmosphere. I would argue that the word “please” implies neither a warning nor a demand but merely a request. Disney World had an absolute obligation to warn their guests of any known dangers. They knew there were gators in the lake and were legally obligated to provide adequate warning of this danger. The silly “no swimming please” sign gave no warning whatsoever.
The parents are completely blameless. Merely wading in a few inches of water at the edge of a lake poses no immediate danger of any kind to the child. It's not like wading in the ocean where a wave can knock a child over and carry him into deeper water within seconds. The parents were close enough to the child that the father was able to grab hold of the gator before the child vanished from sight. The parents will sue and Disney World will have to dig deep into their pockets. I would be shocked if the case went to trial since Disney has no legitimate defense and the adverse publicity of a trial would not be in their best interest. My best guess: an out of court settlement in excess of $10 million. It could be a helluva lot more.