Johnson v. Old World Craftsmen, Ltd.

MEMORANDUM AND ORDER

MORAN, District Judge.

This case involves a contract claim for $32,501.20 which became a RICO action and was settled for $75,000 plus interest. The settlement agreement was arrived at in May 1983, and provided that $25,000 was to be paid to the plaintiff within 30 days of execution of the settlement agreement and the remaining $50,000 within 180 days. Plaintiff’s RICO action was to be dismissed. The agreement also provided that, in the event of a breach of any provision of the agreement, the plaintiff could have the complaint reinstated and judgment entered for the amount…