Seven current and former directors of a Berkeley senior housing cooperative filed court papers on Wednesday, 20 November, 2013, accepting a proposed compromise on monetary claims in a lawsuit filed against them in March 2012.
Under the compromise, the Alameda County Superior Court would order the defendants to pay $224,415 to Berkeley Town House Cooperative Corporation. In return, co-op member Jonathan Pool, the plaintiff, would agree not to make any additional monetary claims in the case.
In his complaint, Pool made numerous allegations of misconduct against the defendants and sought both injunctive and monetary relief for the corporation. Among other claims, he alleged that defendants had improperly and negligently expended corporate funds for defective construction work at the co-op’s 9-story Berkeley apartment building.
Under the compromise, Pool would have the right to ask the court to order the corporation to reimburse his attorney fees and legal costs.
Filings in the case have named Travelers Property Casualty Company of America as the insurer of the corporation and of its directors and officers during the time of the alleged misconduct.