10/21/2013 1:38:00 PM Hearing is mandatory to get a structured settlement approved
A hearing has been scheduled Nov. 18 before Superior Court Judge Gary Smith to review a structured settlement proposal involving Stone Street Capital, LLC and Darren Batchelor, who resides in Butlerville. Before such a proposal is finalized, Indiana law mandates a hearing be held to review the settlement proposal and to ensure its terms are understood by both parties. The suit involves certain claims Batchelor was awarded as a result of a civil suit. The payments range from monthly payments of $739.73 for 25 years starting January 2014 to three lump sum payments. The agreement stipulates a buyout for $257,750. If the payments were made in full over 2047, the amount would total $1,712,014.36.