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Council authorizes up to $900,000 settlement tied to Bird Global bankruptcy case
Summary
The council approved a settlement authorization authorizing the City Attorney to expend up to $900,000 in the Bird Global Inc. bankruptcy matter and directed related transfers between city liability accounts.
The Los Angeles City Council approved special motion 2 (as amended) to resolve liabilities connected to the bankruptcy of a dockless scooter company.
The motion, read into the record by clerks and sponsored by Councilmember Yaroslavsky, authorized the City Attorney's Office to expend up to $900,000 to settle claims in Bird Global Inc. et al. v. City of Los Angeles. The motion also directed the Controller to transfer $900,000 within the Liability Claims Fund to transportation liability payouts and authorized the City Attorney to draw a demand in an amount up to $900,000 to pay the Port Claims Trust, with the final amount to be set by the City Attorney.
"I hereby move that Council adopt the following recommendations in order to affect settlement in the case entitled Bird Global Inc. Et al. v City of Los Angeles," the motion read. The motion was adopted after an amendment (2A) was circulated and read; the council then voted, and the clerk recorded 12 ayes on the final tally.
The motion requires the City Attorney to make the final allocation from the transferred funds and allows technical adjustments subject to approval by the City Administrative Officer and Controller. The settlement is subject to the approval of the mayor.
The council record shows no additional debate on the floor after the motion was read; the action was procedural finalization of settlement authority and funding transfers.
The council approved the motion as amended; the clerk recorded the vote as 12 ayes.
