DEFENDANT/CROSS-COMPLAINANT CRAFT BUILDERS, INC.MOTION FOR GOOD FAITH SETTLEMENT
· HEARING REQUIRED. COUNSEL FOR PLAINTIFF, THE SEPARATELY SETTLING DEFENDANT, AND ANY PARTY OBJECTING TO THE SETTLEMENT SHALL PERSONALLY APPEAR. NO TELEPHONIC APPEARANCES. NO “COVERING COUNSEL”. SPECIAL MASTER ROBERT BELLAGAMBA TO ALSO BE PRESENT.
· The Court is requiring a Hearing because, on the currently filed Motion papers it is unclear whether or not the proposed Settlement meets the requirement of the Tech-Bilt case that such a separate settlement be “in the ballpark” of the Settling Party Craft Builder’s liability exposure.
· Counsel shall be prepared to inform the Court as to (1) The exact scope of work performed by the Settling Party; (2) What was Plaintiff’s Demand to the Settling Party?; (3)The total estimated Settlement value of the case as to all Parties; (4) Whether or not the Settlement is consistent with the Special Master’s claims evaluation and recommendations.
· As to the above-stated qu