Opinion
CASE NO. 1:10-cv-02254-AWI- SKO
01-12-2012
BARRY STRAWN, Plaintiff, v. FEDERAL EXPRESS CORPORATION LONG TERM DISABILITY PLAN, Defendant.
ORDER REGARDING SETTLEMENT PROCEEDS
The Parties have settled this matter but have differences of opinion as to the characterization and interpretation of how the settlement proceeds should be distributed.
As part of the settlement, Defendant shall pay to Plaintiff the gross amount of $50,000 without any withholding for any applicable taxes and shall issue a Form 1099 MISC. Pursuant to the parties' Memorandum of Understanding, the parties have agreed that any tax or tax implications arising out of the settlement shall be borne by Plaintiff and his counsel. Accordingly, Plaintiff shall be responsible for the payment of any and all applicable taxes.
IT IS SO ORDERED.
Sheila K. Oberto
UNITED STATES MAGISTRATE JUDGE