Title
Dept/ Agency: Law
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Settlement of Civil Litigation
Docket No.: ESX-L-1399-12
Claimant: Juan Torres
Claimant's Attorney: Richard Panitch
Attorney's Address: 1107 Convery Boulevard, Rte. 35 South, Perth Amboy, New Jersey 08861
Settlement Amount: $60,000.00
Funding Source: Insurance Trust Fund
Additional Comments:
Invitation: Corporation Counsel, December 17, 2013
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WHEREAS, a suit was instituted in the Superior Court of New Jersey, Law Division, Essex County, captioned Juan Torres v. City of Newark, Superior Court of New Jersey, Docket Number: ESX-L-1399-12, in which the plaintiff sought recovery for personal injuries; and
WHEREAS, it has been determined that plaintiff was injured and a proposal has been made to resolve this litigation by payment in the total amount of $60,000.00 (Sixty Thousand Dollars); and
WHEREAS, the Corporation Counsel based upon all facts and circumstances deems it in the best interest of the City of Newark to resolve said matter by payment of the proposed Settlement.
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 one check in the amount of $60,000.00 (Sixty Thousand Dollars), which payment shall be made payable to "The Trust Account of Nash & Tobias, LLC" and payment will be mailed to Richard S. Panitch, Esq., 1107 Convery Boulevard, Route 35 South, Perth Amboy, New Jersey, 08861.
3. Annexed hereto is the Certification of Funds issued by the Director o...
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