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March 30, 2012

BREAKING: City Council agrees to mediated settlement with insurance company over costs associated with L-3 lawsuits

GREENVILLE — The Greenville City Council has agreed to a mediated settlement with the insurance company which has been defraying some of the city's legal costs concerning the litigation with L-3.

The Council voted 5-1 Friday, with Council member Jeff Dailey against, to accept $575,000 from Ace Insurance, after having previously accepted $568,000 from the company, as a final payment toward the legal costs accrued by the City of Greenville in defending itself from two lawsuits filed by L-3.

The agreement means the insurance company will no longer make payments to the city to help recoup the legal costs.

The City of Greenville had paid out a little more than $1.2 million in legal fees as of the end of February.

Additional details in Saturday's Herald-Banner.

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