Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_06-cv-03869/USCOURTS-cand-3_06-cv-03869-3/pdf.json

Nature of Suit Code: 791
Nature of Suit: Employee Retirement Income Security Act (ERISA)
Cause of Action: 29:185 Employee Pension Plan

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SETTLEMENT AGREEMENT & STIPULATION FOR CONDITIONAL DISMISSAL AND ENTRY OF

JUDGMENT UPON DEFAULT [AND PROPOSED ORDER THEREON] - Case No. C 06-3869 MHP Page 1

McCARTHY, JOHNSON & MILLER

Law Corporation

DIANE SIDD-CHAMPION, ESQ., #78140

595 Market Street, Suite 2200

San Francisco, CA 94105

Telephone: (415) 882-2992

Facsimile: (415) 882-2999

E-mail: dsidd-champion@mjmlaw.us

Attorneys for Plaintiffs

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

SAN FRANCISCO DIVISION

BOARD OF TRUSTEES OF THE PLASTERING

INDUSTRY WELFARE TRUST FUND; BOARD

OF TRUSTEES OF THE NORTHERN

CALIFORNIA PLASTERING INDUSTRY

PENSION TRUST FUND; BOARD OF TRUSTEES

OF THE OPERATIVE PLASTERERS LOCAL

UNION NO. 66 SUPPLEMENTAL RETIREMENT

BENEFIT FUND; BOARD OF TRUSTEES OF THE

OPERATIVE PLASTERERS LOCAL UNION

NO. 66 JOURNEYMAN AND APPRENTICE

TRAINING TRUST FUND; and BOARD OF

TRUSTEES OF THE PLASTERING INDUSTRY

LABOR-MANAGEMENT COOPERATION

COMMITTEE TRUST FUND,

Plaintiffs,

v.

JAMES ISLAND PLASTERING, INC.,

Defendant.

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Case No. C 06-3869 MHP

SETTLEMENT AGREEMENT 

AND STIPULATION FOR

CONDITIONAL DISMISSAL 

AND ENTRY OF JUDGMENT

UPON DEFAULT 

[AND PROPOSED ORDER

THEREON]

COME NOW the plaintiffs Board of Trustees of the Plastering Industry Welfare Trust Fund;

Board of Trustees of the Northern California Plastering Industry Pension Trust Fund; Board of

Trustees of the Operative Plasterers Local Union No. 66 Supplemental Retirement Benefit Fund;

Board of Trustees of the Operative Plasterers Local Union No. 66 Journeyman and Apprentice

Case 3:06-cv-03869-MHP Document 22 Filed 04/25/07 Page 1 of 6
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SETTLEMENT AGREEMENT & STIPULATION FOR CONDITIONAL DISMISSAL AND ENTRY OF

JUDGMENT UPON DEFAULT [AND PROPOSED ORDER THEREON] - Case No. C 06-3869 MHP Page 2

Training Trust Fund; and Board of Trustees of the Plastering Industry Labor-Management Cooperation

Committee Trust Fund (“Trust Funds”) and defendant James Island Plastering, Inc. (“Employer”) and

hereby enter into this Settlement Agreement and Stipulation for Conditional Dismissal and Entry of

Judgment upon Default (“Agreement”), stipulating and agreeing as follows:

1. The Trust Funds have alleged that Employer failed to make fringe benefit contributions

on a timely basis on account of work performed by Employer’s employees during the period from

October 7, 2004 through May 31, 2006. 

2. The Trust Funds caused an audit to be conducted of the books and records of the

Employer for the period from October 7, 2004 through May 31, 2006 (“Audit”). 

3. The Trust Funds and the Employer desire to settle this matter and have agreed upon

a basis for the adjustment of the matters alleged in the Audit and the Complaint and the entry of a

judgment in this action pursuant to the terms of this Agreement.

4. The Trust Funds specifically reserve their right to audit the Employer for the period

from June 1, 2006 to date of audit and to collect any additional monies found due in such an audit.

The Employer agrees that this Agreement will not act as a bar to the Trust Funds conducting an audit

or collecting additional monies found due in such an audit.

5. The Employer agrees to pay the Trust Funds one hundred sixty thousand two hundred

sixteen dollars ($160,216.00) plus interest at the rate of ten percent (10%) per annum from April 1,

2007 until paid, to be paid as follows: 

(a) The Employer shall make three (3) payments of eight thousand dollars

($8,000.00) plus interest at the rate of ten percent (10%) per annum on or before May 1, 2007, June

1, 2007 and July 1, 2007, respectively;

(b) The Employer shall make three (3) payments of twelve thousand dollars

($12,000.00) plus interest at the rate of ten percent (10%) per annum on or before August 1, 2007,

September 1, 2007 and October 1, 2007, respectively;

(c) The Employer shall make three (3) payments of fifteen thousand dollars

($15,000.00) plus interest at the rate of ten percent (10%) per annum on or before November 1, 2007,

December 1, 2007 and January 1, 2008, respectively;

Case 3:06-cv-03869-MHP Document 22 Filed 04/25/07 Page 2 of 6
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SETTLEMENT AGREEMENT & STIPULATION FOR CONDITIONAL DISMISSAL AND ENTRY OF

JUDGMENT UPON DEFAULT [AND PROPOSED ORDER THEREON] - Case No. C 06-3869 MHP Page 3

(d) The Employer shall make two (2) payments of seventeen thousand dollars

($17,000.00) plus interest at the rate of ten percent (10%) per annum on or before February 1, 2008

and March 1, 2008, respectively;

(e) The Employer shall make one (1) payment of twenty-one thousand two hundred

sixteen dollars ($21,216.00) plus interest at the rate of ten percent (10%) per annum on or before

April 1, 2008;

(f) If all payments are made in a timely fashion, the payments of principal will be

as follows:

Due Date Principal Due Principal Balance

$160,216.00

5/1/07 $8,000.00 152,216.00

6/1/07 8,000.00 144,216.00

7/1/07 8,000.00 136,216.00

8/1/07 12,000.00 124,216.00

9/1/07 12,000.00 112,216.00

10/1/07 12,000.00 100,216.00

11/1/07 15,000.00 85,216.00

12/1/07 15,000.00 70,216.00

1/1/08 15,000.00 55,216.00

2/1/08 17,000.00 38,216.00

3/1/08 17,000.00 21,216.00

4/1/08 21,216.00 0.00

(g) The unpaid balance shall accrue interest at the rate of 10% per annum from

April 1, 2007 until paid. To the first payment of principal, the Employer shall add interest at the rate

of 10% per annum on $160,216.00 calculated from April 1, 2007 until the first payment is received.

To each subsequent payment of principal, the Employer shall add interest at the rate of 10% per annum

on the declining balance, calculated from the date of the last payment to the date of receipt of the next

payment. By March 15, 2008, the Trust Funds shall advise the Employer of the amount due on

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SETTLEMENT AGREEMENT & STIPULATION FOR CONDITIONAL DISMISSAL AND ENTRY OF

JUDGMENT UPON DEFAULT [AND PROPOSED ORDER THEREON] - Case No. C 06-3869 MHP Page 4

April 1, 2008 for the last payment, based on the dates of actual receipt of the Employer’s payments

and the interest calculated to the dates of actual receipt. 

(h) Each payment shall be credited first to interest and then to principal. Interest

shall continue to accumulate at the rate of ten percent (10%) per annum on the unpaid balance. There

shall be no prepayment penalty if the Employer chooses to prepay principal, in part or in full, at any

time. Prepayment by the Employer shall not result in the acceleration of the due date on any interest.

(i) All of the foregoing payments shall be made payable to “McCarthy, Johnson

& Miller Trustee Account,” and sent to the following address:

Diane Sidd-Champion, Esq.

McCarthy, Johnson & Miller Law Corporation

595 Market Street, Suite 2200

San Francisco, CA 94105

6. The parties request that this action be conditionally dismissed.

7. The Employer agreesto remain current in itsfuture obligations to submit timely fringe

benefit contributions to the Trust Funds for the work months from March 2007 through March 2008.

If the Employer fails to submit a report form or to pay any monthly fringe benefit contributions to the

Trust Funds for the work months from March 2007 through March 2008 by the fifteenth (15th) day

of the month following the work month, it is agreed that the Employer shall be deemed in default of

this Agreement.

8. If the Employer fails to pay any installment due under this Agreement by the due date

set forth in this Agreement, it is agreed that the Employer shall be deemed in default of this

Agreement.

9. In the event of a default under the terms of Paragraph 7 or Paragraph 8 of this

Agreement, it is agreed that the Trust Funds may, without notice, move the Court to revoke the

conditional dismissal and enter Judgment in favor of the Trust Funds and against the Employer. The

parties agree that if Judgment is entered, Judgment shall be in the amount of one hundred seventy

thousand dollars ($170,000.00) plus interest at the rate of ten percent (10%) per annum from April 1,

2007 until paid, less the principal credited from any payments already received; that the Judgment will

immediately fall due; and that the Trust Funds will be enabled to execute immediately on the

Case 3:06-cv-03869-MHP Document 22 Filed 04/25/07 Page 4 of 6
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SETTLEMENT AGREEMENT & STIPULATION FOR CONDITIONAL DISMISSAL AND ENTRY OF

JUDGMENT UPON DEFAULT [AND PROPOSED ORDER THEREON] - Case No. C 06-3869 MHP Page 5

Judgment for said sum. Otherwise, this action shall be dismissed with prejudice upon the completion

of all payments due under Paragraph 5 above.

10. Each party is to bear its respective attorneys’ fees and costs incurred in this action.

However, should the Trust Funds be required to enter or execute on the Judgment pursuant to the

terms of this Agreement, the Trust Funds shall recover all attorneys’ fees and costs incurred by them

on and after March 1, 2007 in this action.

11. This Agreement may be executed in multiple counterparts, each of which shall

constitute an original, and all of which taken together shall constitute one and the same agreement.

Dated: April 10, 2007

JAMES ISLAND PLASTERING, INC.

Defendant 

By: /s/ Irvin James 

IRVIN JAMES

President

Dated: April 13, 2007

Dated: April 19, 2007

APPROVED AS TO FORM:

BOARD OF TRUSTEES OF THE PLASTERING

INDUSTRY WELFARE TRUST FUND, et al.

Plaintiffs

By: /s/ Chet Murphy 

Chair

By: /s/ James Ruane 

Co-Chair

Dated: April 11, 2007

Dated: April 20, 2007

LAW OFFICES OF MICHAEL L. MAU

By: /s/ Michael L. Mau 

MICHAEL L. MAU

Attorneys for Defendant

McCARTHY, JOHNSON & MILLER 

Law Corporation

By: /s/ Diane Sidd-Champion 

DIANE SIDD-CHAMPION

Attorneys for Plaintiffs

U

NITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

IT IS SO ORDERED

Judge Marilyn H. Patel

April 24, 2007

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SETTLEMENT AGREEMENT & STIPULATION FOR CONDITIONAL DISMISSAL AND ENTRY OF

JUDGMENT UPON DEFAULT [AND PROPOSED ORDER THEREON] - Case No. C 06-3869 MHP Page 6

IT IS SO ORDERED.

Dated: _____________________, 2007 By: 

MARILYN HALL PATEL

UNITED STATES DISTRICT JUDGE

Case 3:06-cv-03869-MHP Document 22 Filed 04/25/07 Page 6 of 6