Preview
FILED: NIAGARA COUNTY CLERK 05/07/2021 01:41 PM INDEX NO. E174913/2021
CASE#: E154677/2014 12/10/2014 PETITION Image: 14 of 154
NYSCEF DOC. NO. 4 RECEIVED NYSCEF: 05/07/2021
.. .
4
SETTLEMENT AGREEMENT AND RELFEASE
THIS 5BrrE.BHENT AGREEMEttT AND RELBÃ…SE "Settlement Agreement')
is made and entered into and between fri A. Pracrnie theferred.
hy
to h rein as -claimant'1. and General Acc nt Insurance.company..of
• Amt ca (Referred to herein as "Insurer")
RECITALS - . -.
Insurhnce·
B. deneral Accident Company of America.:·is the
Insurer of the Defendants and as such would be obligated to pay any
. judgement obtained against the Defendants which is covered its .
by
policy.
.
C. The parties desire to enter into this Settlement Agrpement
in order to provide for certain pa ents in full settlement and
. discharge of al.1 claims which are a aubject of this olaim, upon
the terms and conditions set forth herein.
.
AGREEMENT
.
The parties hereby agree as follows:,, , .
1. Release and Discharge.
. .
In consideration of the payments called for herein, the
claimant hereby completely releases and forever discharges the
--. Defendants ·and the Insurer, and their past, present and future
officeror directors, stockholders, attorneys, agents, servants,,
representatives, employees, .subsidiaries, af filiates, partners,
Predecessors and successors in interest, and assigns and all other
arsons , firms, or corporations which whom any of the former hà ve
are now of may hereafter be af filiated, of and from any and
all past, present or future claims, demands, obligations, actions,
hftuses of action, rights, damages , costs, expenses and compensation
of any nature whether based on a tort·, contract or
whatsoever,
other theory of recovery, and whether for compensatory or punitive
damages, which the Claimant now has, or which may hereafter accrue
or otherwise be on account or in out
sequired, of, any way growing
of, or which are the subject this "serious injury*
of, alaim for
arisi out of the motor vehicle accident of 1/1/90 (and all
relat pleadings) without limitation, and all known
including, any
. or unknown claims for bodily-and personal injuries to and
Claimant,
the consequences which have resulted,o,r result from
thereof, may
. INDEX NO. E174913/2021
FILED:
CASE#:
NIAGARA
E154677/2014
COUNTY
12/10/2014
CLERK 05/07/2021
PETITION Image: 15
01:41
of 154
PM
NYSCEF DOC. NO. 4 RECEIVED NYSCEF: 05/07/2021
' the alleged negligent acts or omissions. This release, on the past
. of the
, Claimant, shall be a fully binding and complete settlement
*
between the claimant, the Defendants, and the Ensurer and all
partiee represented by or claiming through the Claimant, save .
. on1,y
the pr9.visions of thia settlement Agreement, This reflease
executory
.' dose not Pertain to the claimant's righ¶s to basic economic loss as
that term is defined Wy the Insurance Law of the State of New reek,
2. Payments.
In consideration of the release set forth above, the.Insurer
on behalf of the cefendants hereby agreem to cause to be"-hade
. . payable to the Claimant the sums in the scanners
following following
'
, A,._ cash Payment
with the execution of this Agreement . the
1) concurrently
- .. Insurer. agrees..as,.part. of-this. m.ettipsent .to to. Bric A. Fricale.. .
my ,
ond John J. Fromen the swn of Three..RUn r Sixty--Five Thou
• inclusive . of dia emento .as and ,
Dollars ($365,000L or
. attorneydsefees renderede on hehalf .pf .4e Claimant. i. p at ..
Saig
shall Aholade all of the clainiant's costs and expenses.result to .
the Claimant or incurred op on behalf of the cla in ' .
by
connection with this claimi and ,t;he settlement set forth herein.
B. Puture Payments •
Subject to the other terms and conditions oÊ the Settlement .
Agreement, the Insurer agrees to pay to Bric Fraca3e the following
amountet
1994,'
Commencing November 12, One Thousand, Bight 2tundred Dollars
(S1,800) per month for life, increasing three percent (31r}
, opepounded annually, guaranteed for forthy (40) years; and ,
ty Thousand collars ($20,000), on October 10, 2002
Fif Thousand Dollars (350,000), on October 10, 2012
One Thousand Dollars (S100,000), ort.October 10,. 2022
One Randred Seventy-Seven .Thousand, Seven Rundred Seventy-•Five
Dollars (3177,775), on October 10, 2034
3. .Binht to Purchase an Annuity..
For its own convenience, the Insurer will fund its futuce
Payment obligation under paragraph 2 by the purchase•of an annui
from Metropolitan Lifa Insurance comnant. Payment will be
directly by saj.d campany to the party to whom payment is due. The
aimant shall be responsible for maintaining proper =M4n7.
a dress for said company.
4. oualified Assignment .
2 .
.
L22 9EP -gg : --× g93.,
FILED: NIAGARA COUNTY CLERK 05/07/2021 01:41 PM INDEX NO. E174913/2021
CASE#: E154677/2014 12/10/2014 PETITION Image: 16 of 154
NYSCEF DOC. NO. 4 RECEIVED NYSCEF: 05/07/2021
. . The Parties hereto acknowledge and agree that the Insuram will
th e a n of
Re*enue Code of ..1986, as amended, of the Insurer's liabili to
. make any future payment required herein. This assignment a 1
completely release and discharge the Insurer from such obligations
hereunder as are assigned to the assignme, and the assignee shall
be the sole obligor with respect to the obligation assigned. All.
other releases that pertain to the liability of the Defendants and
. the Insurer thereupon become final, irrevocable and
shall absol·ute,
Puture periodio payment from the assignee cannot be accelerated,
. _,.deferred, iTu;;peasect ,g.r c)ecreased by the Claiman,t, nor will ,the
assigneers payment obligat.Ccin be geenter that the oblic)Ã¥Yil5n of the
party originally liable for payment and from whom the obligation
was•assigned, 'the assignee is not required to set aside funds for
the Claimant otherwise secure their obligation to them• nor
or to
is the Claimant entitled to control the investment by the ass1 so
of any monies to fund payment required to be made pursuant to s
. Agreement. The*annuity acquired by the assignee pursuant to this
assignment shall be and remain the sole property of the assignee
and all rights of such ownership shall vest with the assignee. We
Part of payment called for herein or any assets of the
any
Defendants or the Insurer shall be subject to execution or any ,
legal process for any obligation in any manner, nor $hall the
Claimant have the right or power to sall, mortgage, pledge,
encumber, or anticipate the same, or any part th4reof, by
assignment or otherwise. Hetropolitan Life Insurance company shall
guarantee the obligationa of the Assignme.
5. Desionation of Beneficiary
In the event ric A. Traceae fails to survive, any guaranteed •
Payments pursuant Section 2 hereof shall be made to the estate
of Bric A. FraQale or such other beneficiary designated by the
claimant in writing.
.. S. _Disclaimer of Liability
The Claimant acknowledges acceptance of payment specified in
this Settlement Agreement as a twil and complete compromiss of
matters involving disputed issuess that neither payment of any sum
the Insurer nor the negotiations for this settlement (including
a 1 admissions or the Insuracy he
statements, communications) by
Dyondants, or their attorneys or representatives .shall be
bonsidered admissions by any of said partles; and that no t or
present wrong doing on the part of the Defendants shall be lied.
by uch payment or negotiations. 'it:e Claimant a rees to indemnify
save harmless the Insurer from any and a claims or liens
against· the sati41ement herein any-
Presently existing by person,
entity .or corporation.
.
3 ,
EEs ovest:2: g-g-- chC CNCCa W
FILED: NIAGARA COUNTY CLERK 05/07/2021 01:41 PM INDEX NO. E174913/2021
CASE#: E154677/2014 12/10/2014 PETITION Image: 17 of 154
NYSCEF DOC. NO. 4 RECEIVED NYSCEF: 05/07/2021
7. Buccessorp.in Interest
The parties to this Set*tlement Agreement agree that it shall
be upon and inure to the benefit of their
hinding executors,
administrators, personal repreegntatives, heirs, successore and
assi,gns,
8. Additional ·Documents
*
All parties agree to cooperate fully and exeonte any aist all
supplementary documents and to take all additional actions which
force·
. may be necessary-or appropriate to give full aisti effect to
the basic and* intent of this Settlement Agreement. The
terms
Cla½nt will provide to the Insurer an approprigte document
discorftinuing the action with prejudice.
ITri.e A. fragale/ pa e
Claimant
.
.
Gener Acc eat strance y o Date
ca
2nsurer . .
. - . .-.
...
-". •
0N5m
• • 11
. 4
.
FILED: NIAGARA COUNTY CLERK 05/07/2021 01:41 PM INDEX NO. E174913/2021
CASE#: E154677/2014 12/10/2014 PETITION Image: 18 of 154
NYSCEF DOC. NO. 4 RECEIVED NYSCEF: 05/07/2021
STATE OF NSW Toks )
S.S.
couirrt Or Eme.
On this da éf , 19 94 bef ore me
Personally eame A. to me known and known to tee to be
the individual es and who azeputed the foregoing
. instrdment and acknowledge to me that he executed same.
duly
.- .
ROTARY PUBLtd
STATE OF NEW TORE -)
coUnTr or Ema
On this sy of 994 before me
Personally came to me known and known to me to be
the individual a and who executed the f oregoing
instrument and duly acK•nowledge to me that he executed same.
'- "
NOTARY PUBLIc
STATE OF KEN TORK·
)
s.s.
COUNTY or ).
On this ..f a day of kico16nt . , 1994 bef ore me
Personally came p.m . t 19 to me known and known to me to.be
e individual descrfbed in and who executed the foregoing
astrument and duly acknowledge to , me that he executed same.
NOTART PtlBT CC
.hO
·, rene,me. .s w., rat
*•aanad is)ategenateesy,
INDEX
INDEX NO .
NO. E174913/2021
E174 8 04 /2 021
FILED:
[FILED: NIAGARA
NIAGARA COUNTY
COUNTY CLERK
CLERK 05/07/2021
04/26/2021 01:41
02:11 PM
PM1
NYSCEF
NYSCEF DOC.
DOC . NO .
NO. 2
4 RECEIVED
RECEIVED NYSCEF
NYSCEF: : 05/07/2021
04 /26 /2021
MetLife
n KY ausM 10
Retmment & IncomeSolutiors
Metropo!tan TowrfrL·feinsuranceCump
y
Al errateO 18974½1f;2
Anvoetg NamtwrNSW 79RN
owner f/Mrorolitar.Incasranœ
& Anrety Company
Armotartt CrmA Fr.wMe
Anni 15. 2021
Ens A Fr e
Verification of benefits
Why we're contacting you
Please find below a written of the lenefits
verification referenced above.
under the annuity ,f
Payment details
• 1.ife contingent
monthly payments due on November r2. 2034. with an annual increase of 3% . on
the
fulloriginalamount, every November12th and centi-ein;;
as long as the annuitant
is alive. Your
starting
monthlypayment is S5,871.66.
• Guaranteed lump sum payments as follows:
$177,-75.o0due payable on October to. 2034
What you need to know
• Metropolitan!nerr~ & Annuitycompany is the owner of the annuity
referenced
above. All rights
of this annuity
incident the owner of the annuity.
reside with
• [t is important have been assigned by court order to JG Wentworth
to note, payments 1.lf
Originations.
them
Please contact if you have etinac regarding
the assigned payments.
These o_may_njsge not
included in the above listedbenefitscurrentlu ovoiluble to uou
What you need to do
• the settlementagreement
If you need copiesof for this stmeturad
or other legal documents we
settlement.
suggest you contact
the attorney the case or the court where the case was settled.
who settled
• in a safe place for future
Please keep this docurnent reference.
We're here to help
You can reach us at :-800-638-2704.
We're here MondaythroughFridayfrom 8 a.m. to 9 p.m. Eastern Time.
(NVE
FILED: NIAGARA COUNTY CLERK 05/07/2021 01:41 PM INDEX NO. E174913/2021
CASE#: E154677/2014 12/10/2014 PETITION Image: 26 of 154
NYSCEF DOC. NO. 4 RECEIVED NYSCEF: 05/07/2021
Uniform Qudiffled Assignmens
Weere'
gg.ic A. Fragale . . .
"Aesignor"
Generair Accident Insurance Cornpany of Americ
nee"
"A Notropolitan Xasurance and Company . . .
. Annuity
leenel"
"Anmity Mot ropolitan I f a Insurance Company .
. •
Oute*
'Effective ESE ER, My 1
S. 'theAssignee's make the Periodic ·
ThisAgreement Is medà end enteredintoby and between Hability tp
the hereto
perifee se of the Date with
Eifective inferenceto . Peymento le nd greater
then thatat theAssigner
the fonowingfacts: immedletely precedhg thleAgreement. Aeelgnee le .
not r ed to eat aside
epectlb esseteto acoure the
A Cleiment has executeda settlement eement or . •
Period Paymenle. The Cielment hee no tights
releasedeled 9 , tSAA-- againstthe Amalgnee greaterthan ageneral oraditor.
·
She 'BettlementA0reement") thatpNNities$Orthe None of thePortedicPayments be accelerated,
· triay
Assignorto make certain
periodicpaymento to or for increasectcr decreenedand not be
deferred, may
bennet as stated
of the.Clelment In Addendum ·
ttie sold,
enticlj5eted, easigned or enoumbered,
No 1 $he 'Peifod1o
Payrnents');enti
4. The obligationassumed by Assigneewith respect to
· The toeffect seelgnment'
a 'quaillied
8, pertiesdeslie requiredpayment shallbe discharged upoh the
any
wthin the meaning and etheotto the cdnditionsd on or beforethe due dateof a valid
check In
mhRing
Secson 180(c)of the intemef
Reverse Code of 1986 the emount epectiledtothe addrees.ofrecord. .
Che*0cdot . .
8. ThisAgreement shellbe govemed by and,. .
interpretedin accordancew|th thetowe of the .
. 8tated
NOW, THEREFORE,1n considerationof the foregoing
and
othergood and valuable the partlee
consideration, egree 8. -The Amelgnee f undthe PeriodIc.Payments
may by
followe• .
as punchaelag a "quellfled eacet".villhtn
the
fundlpg
. chtlon W$i) of to Cod4 kmn
In tfe of
1. The AseIgnor hereby acelgnsand the Amelgnes
. an ennutycontractlesued by the Annoity.teetmaAll .
hereby assumes ell ef the Amalgnor's tomake.
ilabgity
righteofownership end coritrol
of such annuity
the PeriodicPeyrnenta The Aeo1gnee seeumes no
contractshan be end remain veged in the
Amalgnee
to make
liability any payment not specAledin
excluelvely..
Addendum No. 1. . . .
g.. 7. The Assignee may have the Annuliyleauersend
The PeriodicPaymena conetnutedamages on
payments under any NueB6od funding seeW..
eccount of pesonet or
Injury slalmesein a case
. Inunk,rna purchased hereunder to the
directly payee(s)
phyeloelMtey or physioelalcimesewithin
ePeciffedin Addendum No. 1.· Such of .
1 directiort
stje m ning of Sectione184(e)Ç!)end D(s) of the
payments shellbe solely
for the Assignee's
Code.
convenience and shellnotprovide theClaimant or
any psyee with eny rights
of ownership or control
over seset'or againstpie
the'quellnedfunding
. Armety lesuer.
!
FILED: NIAGARA COUNTY CLERK 05/07/2021 01:41 PM INDEX NO. E174913/2021
CASE#: E154677/2014 12/10/2014 PETITION Image: 27 of 154
NYSCEF DOC. NO. 4 RECEIVED NYSCEF: 05/07/2021
( . · a - . .
(
B. esset"
Assignme's1et ity to malie
the PeriodioPaymente purchased norouttderto Assignor,and .
shallcontinuewithoutdiminutionregardens of any Assignee'sIIat$AyfoQhe PerledicPayments..sball
d
or insolvency the Assignor. ··
banknplcy tenninete.
9. In theavant the SWJementAgreement Is declared 16. 'ThisAgreathentshállbe tiloding
upon the.respeedve .
tenninstedby a courtof isW orin
the evertthat representadves,hobs..acqcessors and assigneof lho
Section180(c) d the Codehas not been seGeAnd, Claimart,the Assignoreppthe Assignee end spon
thle Agreement The Assignes
shall terminute. shall eny person or enAtythatthey escorteny right
thenassign ownershipd any "quelmedfunding hereunder or toany e Pododle Payments. .
General Aboident He tropoli neurance and
ABelDno ran ce Co·, of 'America . Assignee: Annui ty Company
. . TI . TRI
"**8 Stactured Settlements Trade Assoepation in aem
National
FILED: NIAGARA COUNTY CLERK 05/07/2021 01:41 PM INDEX NO. E174913/2021
CASE#: E154677/2014 12/10/2014 PETITION Image: 28 of 154
NYSCEF DOC. NO. 4 RECEIVED NYSCEF: 05/07/2021
. n. amumpanamepumamemum .
Addendum No. 1 .
Description of Periodic Payments
Por Brio Fragales
PAYMENTS: .
11/12/94,' life,·
. conunencing $1,800 per month for increasing
34 congounded annually, guarant.eed for 40 years.
Lump Stans: .
$20,.000 on October 10, 2002 .
$50,000 on October 10, 2012
.$100,000 on October 10, 2022
$177,775 on cotober 10, 2034 .
PAYB * .
Brio Fragale
BBNBFICIARY:
.
Betate of Brio Fragale
Payee may request in writing ·that assigtted CNatige
the payee and/or beneficiary designatio.n under . . . .
this agreement. Any change of the payee
designation.will.,onit to merde with the assignee's
'
concent. Assignee's decision will be final..
Assignee will· not be liable for any payinent inade
prior to receipt of the request or so soon .
thereafter that payment could not reasonably-be atopped.
Innials . .
·
Asulgnor, General Accident Insurance Company of America
Assignes: Metropélitan Irisurance and Annuity Company