The Bayshore Union Free School District on Monday told its Board of Education that it has reached 16 settlement agreements under the Child Victims Act totaling $44,500,000, with the district’s direct financial contribution described as about $13,000,000 and the remaining balance paid by three liability insurance carriers.
“Since our last update to the community, another 16 settlement agreements have been reached in the total amount of 44,500,000,” Superintendent Dr. Steven J. Maloney said, and the board voted to formally approve the settlements as presented. He said two cases remain unresolved: one fully insured and one pending appeal.
Dr. Maloney also told the board that the district has been made aware of an upcoming criminal proceeding reported in the media and clarified that the prosecution is being handled by the district attorney’s office and that the district is not a party to that criminal proceeding.
Board members authorized the board president to execute related settlement agreements and mutual releases with insurers, including Hartford, Continental and Utica Mutual, as presented by administration. The motions to authorize execution of the settlement paperwork carried by voice vote.
The district framed the approvals as part of an effort to remain transparent with the community while balancing fiscal responsibility. No additional fiscal breakdowns beyond the figures given during the presentation were provided in the session; superintendent comments identified the district portion and that insurance carriers will cover the remainder.
Next steps: the board completed the formal approvals on the consent calendar and said it will continue to update the community as cases are resolved.