QUESTION
What drove the increase in payouts for judgments and claims in the 1st 4 months of fiscal year 2024?
2:31:00
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53 sec
One class action lawsuit accounted for the majority of the increase in payouts for judgments and claims during the first 4 months of the fiscal year.
- One class action lawsuit amounted to $135,000,000 in payouts.
Lincoln Restler
2:31:00
According to the PMR, Payments the payouts made for judgments and claims against the city, and state and federal court increased over 200% in the 1st 4 months of fiscal year 2024 to $213,000,000.
2:31:15
That's up from 60,000,000 in in the same period from 2023, 4 fold increase.
2:31:20
What drove the increase in the 1st 4 months of this fiscal year?
Muriel Goode-Trufant
2:31:24
One case, there was one class action that accounted for $135,000,000 in that 4 month period.
Lincoln Restler
2:31:37
Okay.
2:31:39
Has the law department taken any steps to reduce judgment and claims expenditures?
Muriel Goode-Trufant
2:31:45
Yes.
2:31:46
Our risk management
Lincoln Restler
2:31:49
Alright.
2:31:50
Well, we're hoping to start to see some great results from that risk management division.