Title
Dept/ Agency: Law
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Pre-Litigation Settlement of Civil Claim
Docket No.: Not Applicable
Claimant: Pashman Stein Walder Hayden, PC
21 Main Street, Suite 200, Hackensack, New Jersey 07601
Settlement Amount: $285,681.82
Funding Source: Insurance Trust Fund and Department of Water and Sewer Utilities
Additional Comments:
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WHEREAS, from October 2020 through December 31, 2022, the City of Newark (the "City") utilized the legal services of Pashman Stein Walder Hayden, PC; and
WHEREAS, a settlement proposal has been made to resolve this pre-litigation matter in its entirety by payment in the total amount of Two Hundred Eighty-Five Thousand Six Hundred Eighty-One Dollars and Sixty-Two Cents ($285,681.62) ("Settlement Sum") and execution of a Settlement Agreement and Release; and
WHEREAS, to avoid the costly expense of litigation, the Parties and the City's Corporation Counsel desire to amicably resolve this matter with payment by the City of the Settlement Sum, in exchange for Plaintiff's execution of the Settlement Agreement and Release (attached) as a full and complete release of the matter; and
WHEREAS, the Corporation Counsel, based upon all facts and circumstances presented, deems it is in the best interest of the City to resolve said matter by payment of the proposed Settlement Sum and execution of the Settlement Agreement and Release.
NOW, THEREFORE, BE IT RESOLVED BY 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 enter into, 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 the Department of Finance is hereby authorized and directed to issue payment in the amount of Two Hundred Eighty-Fiv...
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