Defendant definition
Examples of Defendant in a sentence
Maintain the discretion to settle non-material/ordinary course “Named Defendant Litigation” (of note, Board approval is required to retain outside counsel and approve final settlements with respect to material/non-ordinary course “Named Defendant Litigation” cases), in compliance with the Investment Company’s procedures.
This Settlement Agreement is not an admission of any negligence, wrongful conduct or liability by Defendant, or a concession by the United States that its claims and allegations are not well-founded.
In consideration of the obligations of the Parties set forth in this Settlement Agreement, Defendant agrees to pay the total sum of $575,000,000 (the “Settlement Amount”), all of which constitutes restitution, to the United States, with $450,000,000 of this Settlement Amount allocated to USDA and $125,000,000 of this Settlement Amount allocated to DOI.
The United States contends that Defendant is liable for the USDA’s and DOI’s damages caused by the Subject Fires because the Subject Fires ignited as a proximate result of Defendant’s negligent acts and/or omissions leading up to when the Subject Fires ignited and burned onto the USDA and DOI land.