Lawyers gone wild?

By now most of Ned's literate followers are aware of the lawsuit filed in New York (of course! He hears from his audience) by the family members of an 87-year-old woman run down by a 4-year-old on a training bike. The unfortunate victim died sometime thereafter of "unrelated" causes.
Now the first responses from Ned's more libertarian readers will no doubt consist of an intemporate tirade against lawyers and trigger-happy liberals. Some timid souls, however, may dare to suggest that children should not be allowed to careen out of control down sidewalks and paths, riding bicycles, tricycles and, worst of all, skateboards and variants thereof, running into innocent elderly bystanders without some consequences to some responsible adults.
After careful meditation, Ned comes down on the latter side, considering the issue to be intertwined with a damnable Culture of Youth pervasive in this society. He is sick of parents and caregivers who abdicate responsibility for the behavior of their offspring or their charges. While the idea of suing a 4-year-old has its absurd dimensions, Ned feels somebody ought to be held responsible, and be forced to do time or pay up, and that is what insurance, or a libertarian philosophy, is for.