Loading...
HomeMy WebLinkAboutCC Res 2036 1971-10-26 - .. . . . . .- ~, .' . ..... " RESOLUTION NUMBER :ltJv3 h A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEAL BEACH. CALIFORNIA. AUTHORIZING THE CITY'S PARTICIPATION IN SETTLEMENT AGREEMENT WITH HERSEY-SPARLING. 1 The City Council of the City of Seal Beach does resolve as follows: WHEREAS, Hersey-Sparling has tentatively agreed to a settlement on the pending Water Meter Anti-Trust, Court Action No. 702029 in the U. S. District Court. Northern District of California, and' WHEREAS, The city's special counsel. Rutan and Tucker. Santa Ana. California. advises the tentative settlement has merit in view of the evidence uncovered at the present time. NOW, THEREFORE. be it resolved by the City Council of the City of Sea 1 Beach: Section 1. The "Release and Covenant Not to Sue" is hereby approved, and copy thereof is hereby attached as "Exhibit A". Section 2. The Mayor of the City of Seal Beach is hereby authorized to sign "Release and Covenant Not to Sue". PASSED, APPROVED, AND ADOPTED by the City Council 'of the City,of Seal Beach. California. at a meeting thereof held on the 26th day of October. 1971, by the following vote: 1 AYES: Councilmen Blackman, Holden, Sales. Smith NOES: Councilmen None ABSENT: Councilmen Barnes ATTEST: Jr/-;{ M~or de ." r .. - .. - , ,i. I . .- ..... 0:... .~-:.~ .... tI. ~.i.~, ::--......:.,~..,f ,.... ...f""~""-. .'..~...~ . "::-'f..... , \f" . ~ Jr ..--;, . r.. .7'::-: . _~." . __ ",. ..........~ C! , ...;~,., ~!?,...." . ;7", ...t!/:. ' ,-.. _E . . ,1....~ :'lir~ "11.-"1{'- ~~ "Jo. .J:.~, .<t,~.......... '.~ ~':. ""7 ";i, \Y. <<'i' .". ".. -~I!$ . '::':- '... ''''r~,,-. ..........~ ..."'.... ~ I '"; ..,.......... ... ~"'l' ,. ., J,' ..~~" ..,", - , , .' .-...... - .' ,. ,I I I" Resolution Number . . RELEASE AND COVENANT NOT TO SUE CITY'OF SEAL ,BEACH (hereinafter referred to as "plaintiff"), in consi.deration of the payment of the sum of One Dollar ($l) and other good and valuable con- sideration, receipt of which is hereby acknowledged, does hereby release, acquit and foreVer discharge Hersey Products, . Inc. and its predecessors, successors and assigns, and each past or present, direct or indirect, partner"subsidiary, divi- .sion or affiliated corporation, and each of its past or present employees, agents, representatives, officers or directors, and any other person, firm, corporation or division now, previously, -or hereinafter affiliated with it (all of which are hereinafter referred to as "Hersey") from all claims asserted against Hersey in Court Action No.702029 (the "Action") in the United States District Court for the Northern District of California and from all claims, whether or not presently known, which plaintiff ever had, now has, or h~reinafter may have against it and (a) which are or might have been asserted in that Action or in any other of the water meter cases consolidated before the Honorable George H. Boldt or (b) which are based upon, connected with, or similar or related to any of the matters referred to in any of the pleadings, papers or other records produced or filed in any of those cases and including any claims arising under any of the federal or state antitrust laws or any common or statutory law. Plaintiff covenants and agrees that it will forever refrain from instituting, prosecuting, maintaining or pressing , " ... ~ ... ~ :t . - - ,. .. , I I I' -2- Resolution Numbe~ .' any action or suit, and from collecting or proceeding, against Hersey based upon any such claim. At the conclusion of the Action, plaintiff wiil forthwith return to counsel for Hersey all documents, all ex- tracts or summaries of documents and all copies of any of the . foregoing in its possession, custody or control which Hersey furnished or produced as part of pre-trial discovery in the Action or in any other aforemen~ioned water meter case, and plaintiff's counsel will promptly thereafter state in writing to counsel for Hersey that neither plaintiff nor its counsel retain any such documents, summaries, extracts or copies. It is expressly understood and agreed that by exe- cuting this Release and Covenant Not To Sue, pla~ntiff is not discharging, releasing, relinquishing or in any way affecting its claims against any person other than Hersey, including claims against any such other person or persons relating to or arising out of purchases from Hersey, and plaintiff reserves its rights to pursue its claims against any other person or entity, inCluding the defendants other than Hersey . in the aforementioned water meter cases. IN WITNESS WHEREOF, plaintiff has caused this Release and Covenant tfl~ Not To Sue to be executed this ~day of , 1971 by its duly authorized officer or agent. 'd:- By,