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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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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.

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