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Resolution No. 75301 2 3 4 5 6 7'''' 8' 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO. 7530 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON APPROVING AND AUTHORIZING THE EXECUTION OF A CONTINGENCY FEE AGREEMENT BY AND BETWEEN THE CITY OF VERNON AND THE LAW FIRMS OF MCDERMOTT, WILL & EMERY AND LISTER, MARTIN, THOMPSON & SECIA FOR REIMBURSEMENT OF CERTAIN WORKERS' COMPENSATION BENEFITS WHEREAS, the City of Torrance and other public entities have filed a lawsuit against the State Compensation Insurance Fund for the reimbursement of certain disability benefits and compensation paid under the workers' compensation laws of the State of California to employees or former employees who suffered injuries and/or occupational) diseases; and WHEREAS, the City of Vernon desires to join the lawsuit filed by the City of Torrance and the other public entities in order to recover any funds that should legally be reimbursed; and WHEREAS, the law firms of McDermott, Will & Emery and Lister, Martin, Thompson & Secia have agreed to represent the plaintiffs for a contingency fee of twenty-five percent (25%) of what is recovered on behalf of each individual plaintiff; and WHEREAS, the City of Vernon believes that such a fee arrangement is reasonable. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VERNON AS FOLLOWS: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 SECTION 1: The City Council of the City of Vernon hereby finds and determines that the recitals contained hereinabove are true and correct. SECTION 2: The City Council of the City of Vernon hereby approves the Contingency Fee Agreement, a copy of which has been presented to the City Council concurrently with this resolution, and the City Council hereby orders said Agreement to be received and filed by the City Clerk. SECTION 3: The City Council of the City of Vernon hereby authorizes the Mayor and the City Clerk to execute said Agreement for, and on behalf of, the City of Vernon. SECTION 4: The City Council of the City of Vernon hereby directs the City Administrator to send a copy of this resolution and one fully executed Agreement to: Lister, Martin, Thompson & Secia Attn: Helen M. Brennan 700 N. Brand Boulevard, Suite 630 Glendale, CA 91203-1287 SECTION -a: The City Clerk of the City of Vernon shall certify to the passage of this resolution, and thereupon and thereafter the same shall be in full force and effect. APPROVED AND ADOPTED this 2nd day of May, 2000. ATTEST: (BRUCE V. MALKENHORST, City Clerk EONIS C. MAI%URG, M yor - 2 - 1 STATE OF CALIFORNIA ) )ss 2 COUNTY OF LOS ANGELES ) 3 4 I, BRUCE V. MALKENHORST, City Clerk of the City of Vernon, do 5 hereby certify that the foregoing Resolution, being Resolution No. 6 7530, was duly adopted by the City Council of the City of Vernon at a 7 regular meeting of the City Council duly held on Tuesday, May 2, 2000, 8 and thereafter was duly signed by the Mayor of the City of Vernon. 9 �. 10 BRUCE V. MALKENHORST, City Clerk 11 12 (SEAL) 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 3 - SUPPORTING DOCUMENTS CONTINGENCY FEE AGREEMENT THIS IS AN AGREEMENT between the ("Plaintiff") , -on the one hand, and the law firms of McDermott, Will & Emery ("MW&E") and Lister, Martin, Thompson & Secia ("LMT&S") on the other hand. MW&E and LMT&S together may be hereinafter referred to as "Legal Counsel." This agreement alone shall govern the parties' respective rights and responsibilities concerning the matter under engagement. 1. Claims Covered by Agreement: Plaintiff hereby retains Legal Counsel to represent it solely as a named plaintiff in an action for damages and other appropriate relief brought by various public entities against the State Compensation Insurance Fund ("SCIF"). Claims to be alleged in the action all arise out of SCIF's failure to reimburse Plaintiff and other public entities, as required by final Workers' Compensation Appeals Board awards, for certain disability benefits and compensation paid under the workers' compensation laws of California to employees or former employees who suffered injuries and/or occupational diseases (the "Claim"). This Agreement does not cover any other claim or cause of action that may arise whether related or unrelated and whether or not it runs against SCIF. If such matters do arise, separate agreements for legal services will be required if Plaintiff wishes Legal Counsel to handle them. 2. No Guarantee as to Result: Plaintiff acknowledges that legal counsel have made no guarantee as to the outcome of the amounts recoverable in connection with the Claim. 3. Contingency Fee to Attorney: Plaintiff acknowledges that it is aware that contingency fee arrangements are not set by law and that the contingency fee percentage is negotiable. Plaintiff agrees to pay Legal Counsel an amount equal to twenty-five percent (25%) of any recovery obtained on behalf of plaintiff after the action is filed, whether by way of settlement, judgment or compromise. Plaintiff further agrees that this amount is fair and reasonable. If the recovery consists of payments to be made over a period of time, or in property not entirely cash or cash -equivalent, the contingency fee shall be based on the present cash value of the recovery as determined by generally recognized accounting and appraisal standards. The contingency fee shall be paid out of the first funds or property received. Monetary sanctions awarded to Legal Counsel during the course of the litigation shall not be considered part of the recovery obtained, on behalf of plaintiff. 4. Litigation Costs and Expenses: Legal Counsel are authorized to incur reasonable costs and expenses in performing legal services under this agreement. Costs and expenses incurred in connection with pursuing the Claim shall be reimbursed to Plaintiff and/or Legal Counsel in whatever proportion those costs and expenses were paid before the contingency fee is computed. M Contingency Fee Page 2 Plaintiff shall not be responsible for any costs incurred if no recovery is obtained for plaintiff. 5. Client's Receipt of Agreement and Knowledge of Terms Plaintiff acknowledges that it has discussed this Agreement with its own independent counsel; that it has read and fully understands all of the terms and conditions of this agreement before signing it; and that it has received an executed copy of this Agreement. 6. Class Certification and/or Recovery of Attorney Fees In spite of the above, the parties agree that if Legal Counsel is able to obtain recovery of attorney fees then the Contingency Fee Agreement referred to above will be reduced by the same amount of attorney fees recovered for work done on behalf of plaintiff. The parties agree that this amount will be determined by dividing any attorney fees recovered by the total number of plaintiffs in the law suit. Executed on #�; , 2000 at , California. CITY OF VERNON Name of Plaintiff McDERMOTT, WILL & EMERY 2049 Century Park East, Suite 3400 CITY OF VERNON Los Angeles, CA 90067 Telephone (310) 277-4110 By�uliCis a Name of�individu signing ESL ONIS C. MALBURG, Mayor Title of individual signing ATTEST: BRUCE V. MALKENHORST City Clerk APPROVED AS TO FORM: UARDO OLIVO City Attorney and LISTER, MARTIN, THOMPSON & SECIA 700 North Brand Boulevard, Suite 630 Glendale, CA 91203 Telephone (818) 551-6444 By.fr'6�