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Dept/ Agency: Law
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Settlement of Civil Litigation
Docket No.: 2:15-cv-02286
Claimant: Corey Fallen
Claimant's Attorney: Tracey Hinson, Esquire, Hinson Snipes, LLP, 116 Village Boulevard, Suite 307, Princeton, New Jersey 08540
Settlement Amount: $625,000.00
Funding Source: Insurance Trust
Additional Information:
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WHEREAS, Plaintiff, Corey Fallen, instituted a suit in the United States District Court, captioned Corey Fallen v. City of Newark Docket No. 2:15-cv-02286, in which the plaintiff sought recovery for damages allegedly sustained on or about October 25, 2012 as a result of the alleged actions of the City of Newark; and
WHEREAS, a settlement proposal has been made to resolve this litigation in its entirety by agreeing to the terms of the Settlement Agreement and Release and by payment in the total amount of Six Hundred Twenty-Five Thousand Dollars and Zero Cents ($625,000.00) (“Settlement Sum”); and
WHEREAS, the Corporation Counsel based upon all facts and circumstances presented, deems it is in the best interest of the City of Newark to resolve said matter by payment of the proposed Settlement Sum.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
1. The Corporation Counsel is hereby authorized on behalf of the City of Newark to execute and accept the terms of the Settlement Agreement and Release, attached hereto.
2. Upon receipt by the Corporation Counsel of all documents deemed necessary, the Director of Finance is hereby authorized and directed to issue payment in the amount of $625,000.00 (Six Hundred Twenty -Five Thousand Dollars and Zero Cents), in which payment will be made jointly payable to “Corey Fallen and Hinson Snipes, LLP” and mailed to 116 Village Blvd., Suite 307, Princeton, New Jersey 08540.
3. Annexed hereto is the Certification of Funds issued by the Director of Finance, City of Newark, which states that there are available sufficient legally-appropriated funds from Business Unit NW025, Dept. ID 25T, Division/Project 7T25 and Account #96340, in the amount of Six Hundred Twenty-Five Thousand Dollars and Zero Cents ($625,000.00) for the purpose set forth herein.
4. A copy of the Comptroller’s Certification shall be filed in the Office of the City Clerk along with this resolution by the Corporation Counsel.
5. The Corporation Counsel shall file a fully executed copy of the Settlement Agreement in the Office of the City Clerk.
6. This resolution shall be effective upon adoption in accordance with applicable State Law.
STATEMENT
This Resolution authorizes the Corporation Counsel, on behalf of the City of Newark to enter into a Settlement Agreement and Release to settle civil litigation captioned Corey Fallen v. City of Newark Docket No. 2:15-cv-02286, in the amount of Six Hundred Twenty-Five Thousand Dollars and Zero Cents ($625,000.00), in exchange for Plaintiff’s dismissal of any and all claims against the City of Newark and its employees, and a complete release.