Elawyers Elawyers
Ohio| Change

EC-C v. U.S., C 13-03344 EJD. (2015)

Court: District Court, N.D. California Number: infdco20150428918 Visitors: 8
Filed: Apr. 27, 2015
Latest Update: Apr. 27, 2015
Summary: [PROPOSED] ORDER EDWARD J. DAVILA , District Judge . Pursuant to the Court's Order of February 26, 2015, Document 38, the parties, through counsel, jointly submit the following stipulated proposed Order for the Court's approval: 1. Gross Settlement The Court has previously approved the settlement of the two minors' claims by Order filed February 26, 2015, Document 38. The gross amount of the total settlement to all Plaintiffs is $150,000.00 ("Settlement Amount"), allocated as follows:
More

[PROPOSED] ORDER

Pursuant to the Court's Order of February 26, 2015, Document 38, the parties, through counsel, jointly submit the following stipulated proposed Order for the Court's approval:

1. Gross Settlement

The Court has previously approved the settlement of the two minors' claims by Order filed February 26, 2015, Document 38. The gross amount of the total settlement to all Plaintiffs is $150,000.00 ("Settlement Amount"), allocated as follows: $145,000.00 for the claim of EC-C, Jr., a minor, $4,800.00 for the claim of MC-C, a minor, and $100.00 to each of the adult Plaintiffs, Edwardo Castillo-Castro, Sr. and Maria Castro-Castillo, the minors' parents.

2. Litigation Costs

Litigation costs of $24,771.86 incurred by Plaintiffs' counsel in this action are approved.

3. Medical Liens

EC-C, Jr.'s compromised medical liens shall be paid as follows: $15,000.00 to Athem Blue Cross; $1,007.05 to American Medical Response; and $272.00 to Palo Alto Medical Foundation.

4. Attorneys' Fees

Attorneys' fees for Plaintiffs' counsel in the total amount of 36,250.00 are approved. However, Plaintiffs' counsel has agreed to deposit $5,000.00 of his fee into the block account of EC-C, Jr. described in Paragraph 7-B.

5. Protection of MC-C's net settlement proceeds

A blocked account shall be created on behalf of MC-C at the Federal Credit Union at 333 Claref Street, Capitola, California 95010 and the amount of $4,800.00 shall be deposited therein. No withdrawals of principal or interest shall be made from the blocked account or accounts within written order under this case name and number, signed by a judge, and bearing the seal of this court, until the minors attain the age of 18 years. When the minors attain the age of 18 years, the depository, without further order of this court, is authorized and directed to pay directly to the former minors, under proper demand, all monies including interest deposited under this order. The money on deposit is not subject to escheat. Plaintiffs must deliver to each depository at the time of deposit a copy of this order.

6. Cash Payment to Edwardo Castillo-Castro, Sr. for the benefit of EC-C, Jr.

$10,000.00 shall be disbursed to Edward Castillo-Castro, for the benefit of EC-C, Jr. to purchase the following for EC-C, Jr.: a computer, monitor, printer, software, internet connection, monthly internet service for 12 months, a computer desk and chair, lessons to learn how to use the computer, a large screen television for his bedroom, one pair of Michael Jordan shoes, two pairs of Vans pants, two shirts, and airline tickets for one round-trip to and from Michoacan, Mexico. Any unused funds of this $10,000.00 cash payment shall be placed into the blocked account described in Paragraph 7-B.

7. Protection of the balance of EC-C Jr.'s net settlement proceeds.

A. Purchase of Annuity.

Ringler Associates shall disburse the settlement proceeds in accordance with the terms of this Order within five business days after it receives notice from its bank that the Settlement Amount has been received into said company's trust account and legible copies of the birth certificate or social security card for EC-C, Jr.. Ringler Associates shall use $50,000.00 to purchase an annuity described below from an annuity company rated not less than A+ by A.M. Best Company. The payee is Edwardo Castillo-Castro Jr. The terms of payment are: $666.62 payable monthly guaranteed for 9 years 1 month starting at age 21 on 08/23/2024 guaranteed through the age 30 on 08/23/2033. In the event the cost of the annuity has changed prior to purchase, the benefit payable on or about 08/23/2024 will be adjusted upward or downward to whatever payment can be secured for a premium amount no less, and not greater than $50,000.00. The annuity contract being purchased will be owned solely and exclusively by the United States and will be purchased as soon as practicable following the execution of this Agreement. The United States' only obligation with respect to said annuity contract and any annuity payments therefrom is to purchase the annuity contract. The United States does not guarantee or insure any of the annuity payments. The United States is released from any and all obligations with respect to the funds spent for the annuity contract and the annuity payments upon the purchase of the annuity contract. The annuity company that issues the annuity contract shall at all times have the sole obligation for making all annuity payments. The obligation of the annuity company to make each annuity payment shall be discharged upon the mailing of a valid check, a direct deposit, or an electronic deposit, in the amount of such payment to the address or account designated by the party to whom the payment is required to be made under this Order. Payments lost or delayed through no fault of the annuity company shall be promptly replaced by the annuity company issuing the payment, but the annuity company is not liable for interest during the interim. The annuity payments cannot be assigned accelerated, deferred, increased or decreased by the parties, that no part of any annuity payments called for herein or any assets of the United States are subject to execution or any legal process for any obligation in any manner, and that the Plaintiffs shall not have the power or right to sell, assign, mortgage, encumber, or anticipate said annuity payments, or any part thereof, by assignment or otherwise. Plaintiffs, heirs, executors, administrators, or assigns do hereby agree to maintain with the annuity company and the United States a current mailing address and to notify the annuity company and the United States of the death of the minors within 5 days of death. The minor must be alive at the time the annuity contract is purchased. In the event of the death of the minors prior to the date the annuity contract is purchased, the settlement agreement is null and void with respect to the deceased minor.

B. Blocked Account.

A blocked account shall be created on behalf of EC-C, Jr., at the Federal Credit Union at 333 Claref Street, Capitola, California 95010 and the amount of $7,6999.09 shall be deposited therein along with the $5,000.00 from Plaintiffs' Counsel's fee for a total deposit of $12,699.09. No withdrawals of principal or interest shall be made from the blocked account or accounts within written order under this case name and number, signed by a judge, and bearing the seal of this court, until the minors attain the age of 18 years. When the minors attain the age of 18 years, the depository, without further order of this court, is authorized and directed to pay directly to the former minors, under proper demand, all monies including interest deposited under this order. The money on deposit is not subject to escheat. Plaintiffs must deliver to each depository at the time of deposit a copy of this order.

8. Issuance of Check

Upon the issuance of this Order, counsel for the United States will promptly request the USPS to send him a check in the amount of $150,000.00 made payable to Ringler Associates. Upon receipt of that check, Ringler Associates will then send a check in the amount of $100,000.00 to Plaintiffs' Counsel for disbursement to Plaintiffs and the lien claimants according to the terms of this Order. Plaintiffs and their attorney have been informed that payment of the Settlement Amount may take sixty (60) days or more from the date that the Court issues this Order to process. Plaintiff and their attorney shall promptly provide to defense counsel any additional information that may be necessary for the payment of the Settlement Amount.

9. Continuing Jurisdiction

The Court will have continuing jurisdiction over the minors' settlements.

10. Authority

Counsel for both parties represent that their respective clients have reviewed and approved the terms of this Order and have authorized counsel to submit it to the Court.

11. Additional Documentation

Additional document (e.g., proof of litigation costs) will be provided to the Court upon request.

12. Dismissal with Prejudice

This action is hereby dismissed with prejudice.

PURSUANT TO THE STIPULATION OF THE PARTIES, AND FOR GOOD CAUSE, IT IS SO ORDERED.

Source:  Leagle

Can't find what you're looking for?

Post a free question on our public forum.
Ask a Question
Search for lawyers by practice areas.
Find a Lawyer