Legislation Details

File #: 15-2246    Version: 1 Name:
Type: Lawsuit Settlement Status: New Business
File created: 7/13/2016 In control: Internal Operations Standing Committee
On agenda: 5/4/2016 Final action:
Title: Submitting reso. autho. Settlement in lawsuit of General Retirement Systems, et al. v. City of CPTF et al (Book Cadillac Litigation); Wayne County Court No.: 13-014005-CK; in the amount of $22,000,000.00, subject to the restriction that the City of Detroit must receive a net payment of at least $10 million, which will be applied against liabilities owed by the City on HUD 108 note litigations.) (REFERRED TO THE INTERNAL OPERATIONS STANDING COMMITTEE ON 5-4-16)
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Submitting reso. autho. Settlement in lawsuit of General Retirement Systems, et al. v. City of CPTF et al (Book Cadillac Litigation); Wayne County Court No.: 13-014005-CK; in the amount of $22,000,000.00, subject to the restriction that the City of Detroit must receive a net payment of at least $10 million, which will be applied against liabilities owed by the City on HUD 108 note litigations.) (REFERRED TO THE INTERNAL OPERATIONS STANDING COMMITTEE ON 5-4-16)

 

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