Current:Home > ScamsNew Orleans is finally paying millions of dollars in decades-old legal judgments -Dynamic Wealth Solutions
New Orleans is finally paying millions of dollars in decades-old legal judgments
PredictIQ View
Date:2025-04-11 04:29:30
NEW ORLEANS (AP) — Decades of unpaid money judgments owed by the city of New Orleans may finally be paid soon.
New Orleans City Council on Thursday voted to make payments on a variety of legal judgments including wrecks that involved police cars and disputes over city contracts, The Times-Picayune/The New Orleans Advocate reported.
The city had built up tens of millions of unpaid judgments dating back to the 1990s, allowed to put off such payments indefinitely by a provision in the state constitution.
Now, after Thursday’s action, the city must almost immediately start paying out the oldest judgments — dating from the late 1990s until 2006. The remaining judgments are to be paid by 2027.
The city’s unpaid judgments amount to more than $30 million, according to an estimate provided by staff for council member Joe Giarrusso, the lead author of the new ordinance.
“It’s time for me to close this file,” attorney Shannon Holtzman said during the meeting.
Holtzman represented George White, who has battled for 21 years to recover more than $1 million owed to his consulting firm.
The city now must send written offers of payment to anyone with an outstanding judgment. There’s still a catch: The offers cover payment only for the original judgment amounts — without interest.
veryGood! (2)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Plan to Save North Dakota Coal Plant Faces Intense Backlash from Minnesotans Who Would Help Pay for It
- Two mysterious bond market indicators
- Newly elected United Auto Workers leader strikes militant tone ahead of contract talks
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Two Md. Lawmakers Demand Answers from Environmental Regulators. The Hogan Administration Says They’ll Have to Wait
- ‘Stripped of Everything,’ Survivors of Colorado’s Most Destructive Fire Face Slow Recoveries and a Growing Climate Threat
- Your banking questions, answered
- Former Syrian official arrested in California who oversaw prison charged with torture
- No, the IRS isn't calling you. It isn't texting or emailing you, either
Ranking
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Jada Pinkett Smith Teases Possible Return of Red Table Talk After Meta Cancelation
- Amazon Prime Day Early Deal: Save 47% on the TikTok-Loved Solawave Skincare Wand That Works in 5 Minutes
- Laredo Confronts Drought and Water Shortage Without a Wealth of Options
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Chipotle and Sweetgreen's short-lived beef over a chicken burrito bowl gets resolved
- Behati Prinsloo Shares Glimpse Inside Family Trip to Paris With Adam Levine and Their 3 Kids
- Naomi Campbell Welcomes Baby No. 2
Recommendation
Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
AI companies agree to voluntary safeguards, Biden announces
Montana becomes 1st state to approve a full ban of TikTok
Lime Crime Temporary Hair Dye & Makeup Can Make It Your Hottest Summer Yet
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
When AI works in HR
Louisville appoints Jacquelyn Gwinn-Villaroel as first Black woman to lead its police department
Volkswagen recalls 143,000 Atlas SUVs due to problems with the front passenger airbag