5.A.
Employee Benefit Trust Board Meeting
- Meeting Date:
- 01/12/2022
- Department Head:
- Maria Munoz
- Submitted By:
- Maria Munoz, HR Benefits Coordinator, Human Resources Department
ITEM:
| Discussion and possible action on any and all matters regarding the review and decision of open subrogation case (Susan Posada, Broker and Consultant) |
SUMMARY:
The Karnas Law firm offered to settle an insurance subrogation case. The underlying case settled with the insurance company, however, there are insufficient funds to pay all medical providers, the injured party, and that party's attorney. The Law firm has made an offer of settlement. Staff does not have the authority to settle or reject. The Trustees may approve a settlement amount or reject all settlements. Since this matter involves information that is not public information and settlement of litigation, discussion on the matter was appropriately held in executive session. However, the decision and vote must be made in an open meeting item.
RECOMMENDATION / SUGGESTED MOTION:
I MOVE TO APPROVE SETTLEMENT OF THE SUBROGATION IN THE AMOUNT OF $____________.
Fiscal Impact
Fiscal Impact:
unknown at this time