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Environmental Matters | California Central
Abstract of Judgment issued
ABSTRACT of Judgment issued in favor of defendant Union Pacific Railroad Company and against Harold Igdaloff, Estate of Evelyn Igdaloff, Deceased,Igdaloff 1993 Family Trust in the principal amount of $ 4,900,000.00, interest in the amount of $ FJR post judgment, attorneys fees of $.00, costs of $.00. RE: Judgment, 489 (lc)
Order
STIPULATED FINAL JUDGMENT 487 by Judge Mark C. Scarsi: The Action relates to contamination from tetrachloroethylene and trichloroethylene in soil, soil vapor, and groundwater in and around 410 East 32nd Street and 317 East 33rd Street, Los Angel es, California. The Igdaloffs shall pay in settlement to Union Pacific the total sum of $4,900,000, plus interest at the federal post-judgment interest rate (currently estimated to be approximately 2%), which interest shall begin accruing u pon entry of this Stipulated Final Judgment. The Igdaloffs, as between each of them, shall have joint and several liability for this payment.Following entry of this Stipulated Final Judgment, Union Pacific will record Abstracts of Judgment creating l iens on real property owned by the Igdaloffs to secure the settlement payment. Union Pacific will stay and forego enforcement of this Stipulated Final Judgment and the Abstracts of Judgment until after Mr. Igdaloff's death. (SEE DOCUMENT FOR INS TRUCTION, COMPLIANCE REQUIREMENTS RE REPORTS AND INFORMATION AND ANY FUTURE SELLING OF REAL PROPERTY AS LISTED AND DEADLINES THERETO, AS APPLICABLE TO THE NAMED APPROPRIATE PARTIES AS SPECIFICALLY ENUMERATED HEREIN). Except as specifically set forth in the Settlement Agreement, each party shall bear its own attorneys fees, expert fees, legal expenses, and other costs incurred in connection with this Action. (lc)
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