MAX O. COGBURN, Jr., District Judge.
On the 31
The complete and precise terms and conditions of the proposed settlement are set forth in the proposed "Stipulation For Compromise Settlement And Release Of Federal Tort Claims Act Claim Pursuant To 28 U.S.C. § 2677" (hereinafter "Proposed Stipulation") attached and incorporated as Exhibit A to this Order. The Court has reviewed the Proposed Stipulation and received testimony and arguments in favor of this proposed settlement, as deemed necessary by the Court. The Court is fully informed of the specifies of the full and final terms and conditions of the proposed settlement. The Court finds that this proposed settlement is fair, reasonable, and in the best interests of the minor children. The Court additionally understands that this proposed settlement is contingent upon the satisfaction of the terms set forth in the Proposed Stipulation, including the necessity of the approval by the Attorney General of the United States, this Order approving the proposed settlement on behalf of the minor beneficiaries of Jason Charles Powell, and a release and waiver in favor of the United States by any other public or private entity with respect to any and all claims the entity may have now or in the future against the United States (and its agents, servants and employees), whether sounding in tort, contract, or otherwise, including claims for payment for goods or services to or on behalf of Jennifer P. Powell or her family arising from the subject matter of this litigation and any claims for contribution, subrogation, and/or indemnification.
I, Jennifer P. Powell, Individually and as Administratrix of the Estate of Jason Charles Powell and as the natural mother of the minor beneficiaries, J.E.P. and J.C.P., do hereby expressly consent to the entry of the foregoing Order, and do further acknowledge and represent that all matters and things therein stated are, to the best of my belief, true and accurate. The undersigned understands, comprehends and agrees that the compromise settlement evidenced by the foregoing Order and Proposed Stipulation to which reference is made herein, constitutes a full, final and complete satisfaction and discharge of the settling Defendant from any further liability or damages owed to any person, firm or entity in this matter, and that neither the undersigned nor any other person, firm or corporation shall hereafter have any right again to assert any action or claim for monetary relief against the settling Defendant for monetary damages or relief arising from or in any way related to the injuries and damages sustained by the Plaintiffs and/or Plaintiffs' decedent, or to any losses, injuries or damages incurred as a consequence of any of the matters which are the subject of this Order and Proposed Stipulation, and that no other person, firm or corporation has any right to assert any additional claims of any type or description for the matters alleged in the Complaint, or which could have been alleged in the Complaint.
It is hereby stipulated by and between the undersigned Plaintiffs (meaning any person, other than the Defendant and the attorneys, signing this agreement, whether or not a party to this civil action), and the United States of America, by and through their respective attorneys, as follows:
1. The parties do hereby agree to settle and compromise each and every claim of any kind, whether known or unknown, arising directly or indirectly from the acts or omissions that gave rise to the above-captioned action under the terms and conditions set forth in this Settlement Agreement.
2. The United States of America agrees to pay the sum of ONE MILLION AND SIX HUNDRED THOUSAND DOLLARS, $1,600,000.00, which sum shall be in full settlement and satisfaction of any and all claims, demands, rights and causes of action of whatsoever kind and nature, arising from, and by reason of any and all known and unknown, foreseen and unforeseen bodily and personal injuries, damage to property and the consequences thereof, resulting, and to result, from the subject matter of this settlement, including any claims for wrongful death, for which plaintiffs or their administratrix, guardians, heirs, executrix, or assigns, and each of them, now have or may hereafter acquire against the United States of America, its agents, servants, and employees.
3. Plaintiffs and that administratrix, guardians, heirs, executrix, or assigns hereby agree to accept the sums set forth in this Stipulation of Compromise Settlement in full settlement, satisfaction, and release of any and all claims, demands, rights, and causes of action of whatsoever kind and nature, including claims for wrongful death, arising from, and by reason of any and all known and unknown, foreseen and unforeseen bodily and personal injuries, damage to property and the consequences thereof which they may have or hereafter acquire against the United States of America, its agents, servants and employees on account of the same subject matter that gave rise to the above-captioned action, including any future claim or lawsuit of any kind or type whatsoever, whether known or unknown, and whether for compensatory or exemplary damages. Plaintiffs and their administratix, guardians, heirs, executrix, or assigns further agree to reimburse, indemnify and hold harmless the United States of America, its agents, servants, and employees from and against any and all such causes of action, claims, liens, rights, or subrogated or contribution interests incident to or resulting from further litigation or the prosecution of claims by plaintiffs or their guardians, heirs, executors, administratrix or assigns against any third party or against the United States, including claims for wrongful death.
4. This stipulation for compromise settlement is not, is in no way intended to be, and should not be construed as, an admission of liability or default on the part of the United States, its agents, servants, or employees, and it is specifically denied that they are liable to the plaintiffs. This settlement is entered into by all parties for the purpose of compromising disputed claims under the Federal Tort Claims Act and avoiding the expenses and risks of further litigation.
5. It is also agreed, by and among the parties, that the respective parties will each bear their own costs, fees, and expenses and that any attorney's fees owed by the Plaintiffs will be paid out of the settlement amount and not in addition thereto.
6. It is also understood by and among the parties that pursuant to Title 28, United States Code, Section 2678, attorney's fees for services rendered in connection with this action shall not exceed 25 per centum of the amount of the compromise settlement.
7. The persons signing this Settlement Agreement warrant and represent that they possess full authority to bind the persons on whose behalf they are signing to the terms of the settlement. In the event any Plaintiff is a minor or a legally incompetent adult, the plaintiffs must obtain Court approval of the settlement at their expense. Plaintiffs agree to obtain such approval in a timely manner; time being of the essence. Plaintiffs further agree that the United States may void this settlement at its option in the event such approval is not obtained in a timely manner. In the event Plaintiffs fail to obtain such Court approval, the entire Stipulation for Compromise Settlement And Release and the compromise settlement are null and void.
8. Payment of the settlement amount will be made by government wire transfer as per the following;
Plaintiffs' attorney agrees to distribute the settlement proceeds among the Plaintiffs, and to obtain a dismissal of the above-captioned action with prejudice, with each party hearing its own fees, costs, and expenses.
9. The parties agree that this Stipulation for Compromise Settlement and Release, including all the terms and conditions of this compromise settlement and any additional agreements relating thereto, may be made public in their entirety, and the Plaintiffs expressly consent to such release and disclosure pursuant to 5 U.S.C. § 552a(b).
10. It is contemplated that this Stipulation may be executed in several counterparts, with a separate signature page for each party. All each counterparts and signature pages, together, shall be deemed to be one document.