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Village Ponders Taking Pool Liability Suit to High Court

Wednesday, February 13, 2013 | 0

Attorneys for the Village of Herkimer have recommended that the municipality take a dispute over a $2.5 million assessment to the state's highest court with a novel argument, after an intermediate appellate court ruled in favor of the village's former insurance pool.The 4th Department of the Appellate Division of the New York Supreme Court rejected the village's argument that the lower court should have applied a present-value discount to the damages award, which consisted of a $1.6 million assessment and $833,580 in judgment interest.Michael Longstreet, the village's attorney,...

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