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Letters Received to C.B. Lee, March 3, 1932

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GLOBE INDEMNITY COMPANY NEW YORK 150 WILLIAM STREET NEW YORK CITY W.H. GALENTINE GENERAL ATTORNEY March 3, 1932. Mr. C. B. Lee, President, U. S. Radium Corporation, MAR 4 1932 535 Pearl Street, New York City, New York. Dear Mr. Lee: RE: 7562-621 HOARE vs U. S. RADIUM CORPORATION. Mr. Markley's letter of February 25th has just been sent on to me and apparently there is some danger that this case will be moved ahead on the calendar. When it appeared that a settlement could be made for $3,000, I thought it would be good riddance to dispose of it for that amount. Now, Mr. Markley says that he thinks it could be settled for $5,000, possibly $4,000. As a matter of fact, this case has never impressed me as having very much value, and at the time I agreed to a $3,000 settlement, I thought that amount was about all the case was worth. It seems to me that Mr. Markley should obtain a definite settlement figure from plaintiff's attorney. The present basis of negotiation is likely to cause plaintiff's attorney to increase his demand, and we may be confronted with a demand that will be much in excess of what we think we should pay. I have just sent a memorandum to Mr. Charles Stockdell Gray, requesting additional investigation, for the purpose of fortifying ourselves as much as possible in case the demand goes up substantially. I shall be glad to have your views as to the settlement of this case. Yours very truly, 299-G. GENERAL ATTORNEY.

Page data

Page
2
Source index
0
Type
document
Media ID
aae87134f546dcde
Size
unknown

Document data

ID
75726927
Core
doc
Type
document
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    "ocrText": "GLOBE INDEMNITY COMPANY\nNEW\nYORK\n150 WILLIAM STREET\nNEW YORK CITY\nW.H. GALENTINE\nGENERAL ATTORNEY\nMarch 3, 1932.\nMr. C. B. Lee, President,\nU. S. Radium Corporation,\nMAR 4 1932\n535 Pearl Street,\nNew York City,\nNew York.\nDear Mr. Lee:\nRE: 7562-621 HOARE vs U. S. RADIUM CORPORATION.\nMr. Markley's letter of February 25th has just been sent on to me and\napparently there is some danger that this case will be moved ahead on the\ncalendar.\nWhen it appeared that a settlement could be made for $3,000, I thought\nit would be good riddance to dispose of it for that amount. Now, Mr.\nMarkley says that he thinks it could be settled for $5,000, possibly\n$4,000.\nAs a matter of fact, this case has never impressed me as having very\nmuch value, and at the time I agreed to a $3,000 settlement, I thought\nthat amount was about all the case was worth.\nIt seems to me that Mr. Markley should obtain a definite settlement\nfigure from plaintiff's attorney. The present basis of negotiation is\nlikely to cause plaintiff's attorney to increase his demand, and we\nmay be confronted with a demand that will be much in excess of what we\nthink we should pay.\nI have just sent a memorandum to Mr. Charles Stockdell Gray, requesting\nadditional investigation, for the purpose of fortifying ourselves as much\nas possible in case the demand goes up substantially.\nI shall be glad to have your views as to the settlement of this case.\nYours very truly,\n299-G.\nGENERAL ATTORNEY."
}