TITLE
Recommendation to authorize City Attorney to pay sum of $256,076.60, in full settlement of lawsuit entitled Lexington Insurance Company vs. City of Long Beach, Los Angeles Superior Court Case No. 22LBCV00536.
DISCUSSION
Plaintiff alleged that, as the result of a dispute regarding "defense costs," the City still owed Plaintiff a portion of the Self-Insured Retention for five lawsuits where Plaintiff had contributed toward settlement of those cases.
Following extensive negotiations, Plaintiff agreed to accept $256,076.60 inclusive of costs and fees - as a full settlement of this case.
The settlement was discussed in closed session, and approved, by the Government Operations and Efficiency Committee (Attorney/Client) on April 18, 2023.
SUGGESTED ACTION
Approve recommendation.
Respectfully Submitted,
DAWN MCINTOSH
CITY ATTORNEY