SUPREME
`COURT
`OF THE STATE
`OF NEW YORK
`COUNTY
`---
`———"
`...---------------------------------------------------------x
`OF THE STATE
`THE COMMISSIONERS
`INSURANCE
`FUND,
`
`OF NEW YORK
`
`Plaintiff,
`
`-against-
`
`SANDEMAR
`
`FINISHES,
`
`LLC,
`
`——----
`
`Defendant.
`—-" —————- ———-
`
`-X
`
`Index No.
`
`452256/2016
`
`STIPULATION
`SETTLEMENT
`
`OF
`
`WHEREAS,
`
`plaintiff
`
`provided
`
`defendant
`
`with
`
`workers'
`
`compensation
`
`insurance
`
`coverage
`
`for which
`
`premiums
`
`were
`
`due (the Coverage);
`
`WHEREAS,
`
`on January
`
`13, 2017,
`
`a default
`
`judgment
`
`was
`
`entered
`
`in favor
`
`of plaintiff
`
`and against
`
`defendant
`
`for
`
`$240,003.89
`
`(" Judgment"
`("Judgment"),
`
`with
`
`interest
`
`from the date
`
`of entry
`
`for
`
`the
`
`Coverage;
`
`WHEREAS,
`
`the Judgment
`
`was partially
`
`satisfied,
`
`leaving
`
`a balance
`
`due
`
`of $240,003.81,
`
`with
`
`interest
`
`from February
`
`8, 2017
`
`(the "Reduced
`
`Judgment"
`Judgment");
`
`WHEREAS,
`
`the Reduced
`
`Judgement
`
`is being
`
`vacated
`
`and
`
`all
`
`executions
`
`in connection
`
`therewith
`
`be and the same
`
`hereby
`
`are withdrawn;
`
`WHEREAS,
`
`defendant
`
`will
`
`be entitled
`
`to receive
`
`a dividend
`
`credit
`
`from plaintiff
`
`in and
`
`around
`
`May
`
`2018
`
`of
`
`$85,124.85
`
`(the Dividend)
`
`to be applied
`
`against
`
`the
`
`balance
`
`due
`
`for
`
`the
`
`Coverage;
`
`WHEREAS,
`
`plaintiff,
`
`as part
`
`of
`
`this
`
`settlement,
`
`is willing
`
`to credit
`
`the Dividend
`
`against
`
`the monies
`
`claimed
`
`due by plaintiff
`
`from defendant
`
`for
`
`the Coverage,
`
`thereby
`
`reducing
`
`the total
`
`of all sums
`
`owed
`
`by defendant
`
`to plaintiff
`
`to $175,000.00;
`
`and
`
`

`

`WHEREAS,
`
`the
`
`parties
`
`wish
`
`to
`
`enter
`
`into
`
`a Stipulation
`
`of Settlement
`
`resolving
`
`all
`
`disputes
`
`between
`
`the parties
`
`and other
`
`related
`
`non-parties
`
`and arrange
`
`for
`
`vacating
`
`the Judgment,
`
`withdrawing
`
`various
`
`motions
`
`and executions
`
`as provided
`
`in the Stipulation
`
`of Settlement;
`
`NOW,
`
`THEREF
`
`ORE,
`
`IT IS HEREBY
`
`STIPULATED
`
`AND AGREED
`
`by and between
`
`the attorney
`
`for
`
`the plaintiff
`
`and the attorneys
`
`for
`
`the defendant
`
`that
`
`this
`
`action
`
`is settled
`
`on the
`
`following
`
`terms
`
`and conditions:
`
`1.
`
`of
`
`this
`
`Stipulation
`
`of Settlement
`
`the
`
`for
`
`the
`
`parties
`
`shall
`
`On the
`
`signing
`
`attorneys
`
`enter
`
`into
`
`a Stipulation
`
`Vacating
`
`the Reduced
`
`Judgment
`
`(Exhibit
`
`1), a Stipulation
`
`vacating
`
`the
`
`Execution
`
`served
`
`on Defendant,
`
`the Executions
`
`With
`
`Notice
`
`to Garnishee
`
`served
`
`on
`
`Interior
`
`Management
`
`I,
`
`Inc.,
`
`Interior
`
`Management
`
`LLC
`
`and
`
`JPMorgan
`
`Chase
`
`Bank,
`
`N.A
`
`(Exhibit
`
`2), a
`
`Stipulation
`
`withdrawing
`
`Plaintiff's
`
`Order
`
`to Show
`
`Cause
`
`#3 (ECF
`
`42)
`
`(Exhibit
`
`3)
`
`to compel
`
`Interior
`
`Management
`
`Inc.
`
`and
`
`Interior
`
`Management
`
`LLC
`
`to
`
`respond
`
`to
`
`a Subpoena
`
`and
`
`I,
`
`Subpoena
`
`Duces
`
`Tecum
`
`(Exhibit
`
`4),
`
`a Stipulation
`
`withdrawing
`
`the Subpoena
`
`and
`
`Subpoena
`
`Duces
`
`Tecum
`
`served
`
`on defendant
`
`(Exhibit
`
`5) and a Stipulation
`
`withdrawing
`
`the Subpoena
`
`and
`
`Subpoena
`
`Duces
`
`Tecum
`
`served
`
`on non-party
`
`Waldman,
`
`Hirsch
`
`& Company,
`
`LLP
`
`(Exhibit
`
`6), all
`
`without
`
`prejudice
`
`to the rights
`
`which
`
`will
`
`ensue
`
`if
`
`judgment
`
`is entered
`
`again
`
`in favor
`
`of plaintiff
`
`in this
`
`action
`
`and
`
`as set
`
`forth
`
`in paragraph
`
`5 below.
`
`The
`
`Stipulations
`
`in Exhibits
`
`1 to 6 are
`
`referred
`
`to collectively
`
`herein
`
`as "the Stipulations."
`
`attorneys
`
`2.
`
`The
`
`fully
`
`signed
`
`Stipulations
`
`shall
`
`be held
`
`in escrow
`
`by plaintiff's
`
`pending
`
`the payment
`
`due in paragraph
`
`3(a)
`
`being
`
`honored.
`
`Once
`
`the payment
`
`due
`
`in paragraph
`
`3(a)
`
`is
`
`honored,
`
`PlaintifPs
`
`counsel
`
`shall
`
`file
`
`the
`
`Stipulations
`
`with
`
`the
`
`County
`
`Clerk
`
`except
`
`that
`
`Plaintiff
`
`s counsel
`
`shall
`
`submit
`
`the
`
`Stipulation
`
`Vacating
`
`the Reduced
`
`Judgment
`
`to
`
`be
`
`'so
`
`ordered'
`
`by Justice
`
`David
`
`B. Cohen,
`
`or other
`
`Justice
`
`of
`
`the Court
`
`to whom
`
`this
`
`action may
`
`have
`
`2
`
`

`

`been
`
`assigned,
`
`and
`
`to then
`
`file
`
`the
`
`'so
`
`ordered'
`
`Stipulation
`
`with
`
`the County
`
`Clerk.
`
`If
`
`the
`
`payment
`
`due under
`
`paragraph
`
`3(a)
`
`is not honored,
`
`and should
`
`the default
`
`in making
`
`the payment
`
`due under
`
`paragraph
`
`3(a)
`
`not be cured
`
`as provided
`
`in paragraph
`
`5,
`
`then Plaintiff's
`
`attorney
`
`shall
`
`not be required
`
`to release
`
`the Stipulations
`
`from escrow
`
`and plaintiff
`
`shall
`
`be entitled
`
`to enforce
`
`the Reduced
`
`Judgment.
`
`3.
`
`Defendant
`
`agrees
`
`to pay
`
`to plaintiff
`
`in full
`
`settlement
`
`of all claims
`
`by plaintiff
`
`against
`
`the defendant
`
`the sum of $175,000.00
`
`to be paid
`
`as follows:
`
`(a)
`
`(b)
`
`$65,000.00
`
`to be paid
`
`on or before
`
`April
`
`15, 2018;
`
`$3,800.00
`
`to be paid
`
`on or before
`
`the
`
`15th
`
`day
`
`of each month
`
`thereafter
`
`beginning
`
`with May
`
`15, 2018
`
`and
`
`continuing
`
`for
`
`twenty-seven
`
`additional
`
`months
`
`through
`
`and
`
`including
`
`August
`
`15, 2020;
`
`and
`
`(c)
`
`$3,600.00
`
`to be paid
`
`on or before
`
`September
`
`15, 2020.
`
`4.
`
`The
`
`settlement
`
`checks
`
`shall
`
`be made
`
`payable
`
`to Jan Ira Gellis,
`
`P.C.
`
`and delivered
`
`to Jan Ira Gellis,
`
`P.C.,
`
`as attorneys,
`
`to its address
`
`below
`
`so that
`
`they
`
`are received
`
`on or before
`
`the
`
`dates
`
`set
`
`forth
`
`in paragraph
`
`1.
`
`5.
`
`Should
`
`the
`
`defendant
`
`default
`
`in making
`
`any
`
`of
`
`these
`
`payments,
`
`plaintiff,
`
`or
`
`its
`
`counsel,
`
`shall
`
`provide
`
`defendant's
`
`counsel
`
`with
`
`written
`
`notice
`
`specifying
`
`the default.
`
`The Notice
`
`of Default
`
`may
`
`be
`
`sent
`
`by
`
`e-mail
`
`to
`
`defendant
`
`at
`
`brianm@sandemarfinishes.com
`
`and
`
`to
`
`defendant's
`
`counsel,
`
`Gary Moss,
`
`Esq.
`
`at Moss@mosskalish.com
`
`and David
`
`Gelfarb,
`
`Esq.
`
`at
`
`Gelfarb@mosskalish.com.
`
`Should
`
`the
`
`default
`
`remain
`
`uncured
`
`for
`
`seven
`
`days
`
`after
`
`defendant's
`
`counsel's
`
`receipt
`
`of said notice,
`
`plaintiff
`
`may
`
`enter
`
`judgment
`
`against
`
`the defendant
`
`for
`
`the sum of
`
`$175,000.00,
`
`with
`
`interest
`
`from
`
`March
`
`17,
`
`2016,
`
`plus
`
`collection
`
`costs
`
`of
`
`11% of
`
`then
`
`3
`
`

`

`outstanding
`
`principal,
`
`plus
`
`costs
`
`and
`
`disbursements,
`
`giving
`
`defendant
`
`credit
`
`for
`
`any
`
`payments
`
`made.
`
`6.
`
`Upon
`
`payment
`
`of
`
`the
`
`full
`
`amount
`
`due
`
`under
`
`this
`
`Stipulation
`
`of Settlement,
`
`plaintiff
`
`will
`
`provide
`
`defendant
`
`with
`
`a file/stamped
`
`copy
`
`of
`
`the Stipulation
`
`discontinuing
`
`this
`
`action
`
`and a release
`
`in the form attached
`
`as in Exhibit
`
`7.
`
`7.
`
`Plaintiff
`
`hereby
`
`reserves
`
`and retains
`
`its rights
`
`pursuant
`
`to Sections
`
`93(b)
`
`and (c)
`
`the Workers'
`
`of
`
`Compensation
`
`Law of
`
`the State
`
`of New York
`
`(WCL).
`
`Therefore,
`
`any
`
`individual
`
`or entity
`
`as covered
`
`by WCL
`
`93(b)
`
`and (c) under
`
`policy
`
`number
`
`23326317
`
`may
`
`not apply
`
`for or
`
`receive
`
`a policy
`
`of
`
`insurance
`
`from plaintiff
`
`unless
`
`at
`
`the time
`
`of
`
`the
`
`application
`
`the
`
`premium
`
`balance
`
`then
`
`due
`
`is paid.
`
`Both
`
`parties
`
`acknowledge
`
`that
`
`if
`
`the New York
`
`Compensation
`
`(less
`
`Insurance
`
`Rating
`
`Board
`
`modifies
`
`the current
`
`outstanding
`
`premium
`
`balance
`
`of $259,862.42
`
`the anticipated
`
`Dividend
`
`of $85,124.85)
`
`in any way,
`
`such modification
`
`will
`
`have
`
`no effect
`
`on the
`
`settlement
`
`amount
`
`due pursuant
`
`to this
`
`stipulation;
`
`however,
`
`such
`
`a modification
`
`may
`
`affect
`
`the
`
`sum that
`
`any
`
`individual
`
`or entity
`
`as covered
`
`by WCL
`
`93(b)
`
`and
`
`(c)
`
`is required
`
`to pay
`
`for
`
`a
`
`subsequent
`
`policy
`
`of
`
`insurance
`
`obtained
`
`from the State
`
`Insurance
`
`Fund
`
`pursuant
`
`to WCL
`
`93(b)
`
`and (c).
`
`8.
`
`Should
`
`any payment
`
`required
`
`under
`
`this Stipulation
`
`of Settlement
`
`be dishonored,
`
`a cure
`
`can
`
`be effected
`
`only
`
`by
`
`certified
`
`check,
`
`bank
`
`check,
`
`money
`
`order,
`
`wire
`
`transfer
`
`or an
`
`escrow
`
`check,
`
`in the amount
`
`required
`
`to cure the default.
`
`9.
`
`This
`
`Stipulation
`
`of Settlement
`
`may
`
`only
`
`be changed
`
`in a writing
`
`signed
`
`by
`
`the
`
`attorneys
`
`for both
`
`parties.
`
`4
`
`

`

`10.
`
`The
`
`provisions
`
`of
`
`this Stipulation
`
`of Settlement
`
`shall
`
`inure
`
`to the benefit
`
`of, and be
`
`binding
`
`upon,
`
`the parties
`
`hereto
`
`and
`
`their
`
`respective
`
`heirs,
`
`executors,
`
`personal
`
`representatives,
`
`successors
`
`and assigns.
`
`11.
`
`This
`
`Stipulation
`
`of Settlement
`
`has been jointly
`
`drafted
`
`by
`
`counsel
`
`for
`
`all parties,
`
`and this Stipulation
`
`of Settlement
`
`shall
`
`not be construed
`
`in favor
`
`of or against
`
`any party
`
`based
`
`on
`
`such party's
`
`participation
`
`in the drafting
`
`and preparation
`
`of
`
`the Stipulation
`
`of Settlement.
`
`12.
`
`This
`
`Stipulation
`
`of Settlement,
`
`the Stipulation
`
`of Discontinuance
`
`and Release
`
`to
`
`be provided
`
`constitute
`
`the
`
`entire
`
`and
`
`only
`
`agreements
`
`and
`
`understandings
`
`between
`
`the parties
`
`with
`
`respect
`
`to the subject
`
`matter
`
`hereof,
`
`13.
`
`Undersigned
`
`counsel
`
`represent
`
`that
`
`by
`
`signing
`
`this Stipulation
`
`of Settlement
`
`that
`
`the Stipulation
`
`they
`
`have
`
`the authority
`
`to execute
`
`and deliver
`
`this Stipulation
`
`of Settlement,
`
`of
`
`Discontinuance,
`
`the
`
`Limited
`
`Release
`
`and the Stipulations
`
`in Exhibits
`
`1 to
`
`7 on behalf
`
`of
`
`the
`
`parties
`
`they
`
`represent.
`
`14.
`
`This
`
`agreement
`
`constitutes
`
`the
`
`entire
`
`agreement
`
`by
`
`and
`
`between
`
`plaintiff
`
`and
`
`defendant
`
`regarding
`
`the
`
`subject
`
`matter
`
`of
`
`this
`
`Stipulation
`
`of
`
`Settlement
`
`and may
`
`only
`
`be
`
`modified
`
`by a written
`
`instrument
`
`signed
`
`by both
`
`parties.
`
`This
`
`agreement
`
`will
`
`supersede
`
`any and
`
`all prior
`
`verbal
`
`or written
`
`agreements
`
`between
`
`Plaintiff
`
`and Defendant.
`
`15.
`
`A facsimile
`
`or electronic
`
`copy
`
`shall
`
`be deemed
`
`an original.
`
`16. This
`
`agreement
`
`may
`
`be signed
`
`in counterparts,
`
`all of which
`
`shall
`
`constitute
`
`one and
`
`the same
`
`agreement.
`
`5
`
`

`

`Dated: New York,
`-
`March
`
`New York
`, 2018
`
`Dated: New York, New York
`2018
`Marchtt,
`
`WILLIAM
`General
`
`O'BRIENs
`Atto
`
`Attorney,
`
`ey for Plaintiff
`
`MOSS & KALISH,
`PLLC
`for Defendant
`Attorneys
`
`BY:
`
`P.C.
`
`LLIS,
`ue
`
`s
`
`Jan Ira Gel
`JAN IRA
`Av
`137 Fifth
`Neè
`New York,
`460-5757
`(212)
`iiaellis@gelmel.com
`
`York
`
`10
`
`10
`
`So Ordered:
`
`New York, New York
`March
`2018
`_,
`
`J.S.C.
`
`Gelfar
`David
`122 East 42nd
`New York, NY
`867-4488
`(212)
`Qelfarb(almosskalish.com
`
`Street
`10168
`
`66
`
`

`

`INDEX
`NO.
`SUPREME
`COUNTY
`
`452256/2016
`COURT
`OF THE STATE
`OF NEW YORK
`
`OF NEW YORK
`
`THE COMMISSIONERS
`INSURANCE
`FUND,
`
`OF THE
`
`STATE
`
`Plaintiff,
`
`- against-
`
`SANDEMAR
`
`FINISHES,
`
`LLC,
`
`Defendant.
`
`STIPULATION
`
`OF SETTLEMENT
`
`William
`
`O'O'
`O'Brien,
`
`General
`
`Attorney,
`
`Attorney
`
`for Plaintiff
`
`°
`
`°
`
`JAN
`
`IRA
`
`GELLIS,
`
`P.C.
`
`Attorneys
`
`for
`
`Plaintiff
`
`CERTIFTCATION
`
`UNDER NYCRR
`
`130-1.1(a)
`
`137 FIFTH AVENUE
`ELEVENTH
`FLOOR
`Jan
`Jan
`NEW YORK, NEW YORK 10010
`
`(212) 460-5757
`
`409-8453409-8453
`
`FACSIMILEFACSIMILE (2I2)
`(2I2)
`
`Ira
`Ira
`
`ellisellis
`
`1
`
`