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SITE INFORMATION AND CORRESPONDENCE_1993-1996
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PR0506203
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SITE INFORMATION AND CORRESPONDENCE_1993-1996
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Last modified
3/31/2020 3:10:16 PM
Creation date
3/31/2020 2:30:54 PM
Metadata
Fields
Template:
EHD - Public
ProgramCode
2900 - Site Mitigation Program
File Section
SITE INFORMATION AND CORRESPONDENCE
FileName_PostFix
1993-1996
RECORD_ID
PR0506203
PE
2960
FACILITY_ID
FA0007271
FACILITY_NAME
LINCOLN CNTR ENV REMEDIATION TRUST
STREET_NUMBER
0
STREET_NAME
PACIFIC
STREET_TYPE
AVE
City
STOCKTON
Zip
95207
CURRENT_STATUS
01
SITE_LOCATION
PACIFIC AVE
P_LOCATION
01
P_DISTRICT
002
QC Status
Approved
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EHD - Public
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I Comment#23• <br /> 2 Section Addressed: Section XXIX, Good Faith Settlement <br /> 3 Page 38, Lines 12-24 <br /> 4 Summary of Comment Received: <br /> 5 The Commenters, the Equipment Manufacturers, state that before the Court can <br /> 6 make a good faith settlement determination,a monetary value must be ascribed to the assignments <br /> 7 from the Settling Dry Cleaning Defendants and the County of San Joaquin to plaintiff LPL of all <br /> 8 rights, claims and causes of action. The Commenter further asserts that this valuation must be <br /> 9 included in the total settlement and disclosed to the Court and the non-settling parties. <br /> 10 Settling Parties' Response; <br /> 11 The Settling Parties respond that"offsets"and the related valuation issues among <br /> 12 the Settling Parties are irrelevant and have no application to the Consent Decree. Offsets are <br /> 13 only applicable in the context of a settlement between some, but not all,jointly and severally liable <br /> 14 parties where direct,joint and several claims remain after settlement to be asserted against non- <br /> 15 settling defendants. This settlement fully and finally extinguishes aU of plaintiff LPL's existing <br /> 16 direct claims asserting joint and several liability for issues covered by the Consent Decree. As <br /> 17 plaintiff LPL has no direct,joint and several claims remaining against the Equipment <br /> 18 Manufacturers, no offsets are available to the Equipment Manufacturers. <br /> 19 The Settling Parties further respond that while all of the Settling Dry Cleaning <br /> 20 Defendants' direct and contribution claims have been assigned to plaintiff LPL as consideration <br /> 21 for the settlement of both this action and the related state court action,these claims may be asserted <br /> 22 without regard to offsets or valuation issues. By definition,these assigned contribution claims <br /> 23 against the Equipment Manufacturers are claims for apportionment of the Equipment <br /> 24 Manufacturers' fair share of the total,joint and several liability imposed on the Settling Dry <br /> 25 Cleaning Defendants. As these derivative claims are already claims for the Equipment <br /> 26 Manufacturers' equitable share of the total liability as determined by the Court after evaluation of <br /> 27 all equitable factors, a request for an`offset" is meaningless. In short, all that can be recovered <br /> 28 from the Equipment Manufacturers by virtue of the assigned contribution claims is their fair share <br /> JOINT SUMMARY OF PUBLIC COMMENTS&RESPONSES REGARDING FIRST FINAL CONSENT DECREE -31- <br /> 0009203.10 10/03/94 @ 10:43 AM <br />
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