WOW! The latest lawsuit ends with a settlement of Six Bucks. PALCO will pay $6 in whistle-blower lawsuit...
Frank Bacik, PALCO vice president and general counsel, stated in a news release... “There was ample opportunity within that process to challenge testimony and exhibits, but these accusations were not raised until eight years later,” Bacik stated in a news release. “We’ve believed from the outset that the claims were without basis in law or fact, and this settlement supports that belief.” Wow. Deja Vu.
One by one, down in flames.
According to the terms of the settlement, which has the approval of acting assistant U.S. Attorney General Jeffrey Bucholtz, Wilson and Maranto would receive $1 each from PALCO, Scotia Pacific and Salmon Creek.
And look - Good Ol' Cotchett was in on this one - 'member him? The guy who wanted in on Paul's suit? The one the Board said NO to? Wonder what Cotchett's cut is? 30% A buck eighty?
Bertain, along with attorney Philip Gregory from the Bay Area-law firm Cotchett, Pitre and McCarthy that also represents Maranto and Wilson in the whistle blower lawsuit, declined to comment on the matter.
Oh, but the neverending lawsuit may not be over...
ER Area attorney Bill Bertain, who represents the Elk River and Freshwater Creek residents, said previously those flood claim settlements were beneficial for his clients because they freed the matter from the Texas court and allowed them to move forward in Humboldt County against MAXXAM and Charles Hurwitz.
TS ”This should help the bankruptcy process,” said the residents' local counsel Bill Bertain. “And it will allow our clients' cases to proceed in Humboldt County Superior Court.”
Residents look to settle with Palco over flooding 01/18/2008
Update: New Blog in Town with a FUNNY, FUNNY take on this one: The Humboldt Mirror - Billion-dollar suit settled for two Happy Meals. Ouch! There's some other FUNNY stuff there!