HomeMy WebLinkAboutResolution - 022472R - Settlement - United Concrete Pipe Co., Et Al. - Antitrust Action - 02/24/19720 22.4192 2
RESOLUTION
WHEREAS, the City of Lubbock along with other cities and Water Districts in
the State of Texas filed an antitrust action against certain suppliers of concrete
pressure pipe, and
WHEREAS, after the hearing of this case but before a jury verdict, a s
has been reached in this litigation, NOW THEREFORE:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT the settlement of the suit filed on behalf of the City of
Lubbock in the District Court of the Northern District of Texas, Dallas Division,
against United Concrete Pipe Corporation, Gifford -Hill-American, Inc., et al.,
No. CA -3-2289-C, Civil, as set forth in the settlement agreement dated
February 9th, 1972, entered into on behalf of the said plaintiff by its attorneys,
McGinnis, Lochridge & Kilgore, whereby the City shall receive $132, 619. 00, is
hereby authorized, approved and ratified.
SECTION 2. THAT the Mayor of the City of Lubbock BE and he is hereby
authorized to execute and deliver Full and Final Release approved by special
counsel, McGinnis, Lochridge & Kilgore and to cause the suit to be dismissed
prejudice, each party to bear its own costs and attorney fees.
Passed by the Citi* Council this 24th day of
ATTEST:
Lavenia Lowe, CitySecretary-Treasurer
APPROVED AS TO ,FORM:
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