- 7 -
State's total offer was $87,466, which the State rounded to an
offer of $87,500.
On July 14, 1989, in response to the foregoing offer,
petitioner's attorney made the following counteroffer:
If you will add the $3,500 additional compromise ahead of
the pre-judgment interest and figure the pre-judgment
interest at 10% for nine years and two months, I will
recommend the settlement, on condition that this amount of
money is on the table.
On July 28, 1989, the AAG responded to the foregoing
letter as follows:
I am writing in reply to your letter of July 14, 1989. As
you know, on January 7, 1988 we posted in Court an
additional $13,996. Therefore, I believe the additional 1-
1/2 years of interest at 10% per annum would be on $17,756
as opposed to the larger amount. That amount of interest
comes to $2,663.40.
As to the other point you made, I am not agreeable to paying
interest on the $3,500 additional compromise. That is
simply a "sweetener" to close this case.
However, adding the $2,663 to the $87,466 brings us to
$90,129. If that is acceptable to your client, I will seek
authority from our Baltimore Office to do a Consent
Inquisition.
In a further attempt to settle the case without a trial, the
AAG and petitioner's attorney met for a settlement conference on
September 20, 1989. In connection with the conference, the
parties completed settlement conference statements. In the
settlement conference statement completed by the AAG, the State
indicated that it would settle the matter for "$63,652 + pre-
judgment interest of $26,477 = $90,129.00 total." In the
settlement conference statement completed by petitioner's
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011