City agrees to pay Occupy Wall Street $350,000 settlement

Occupy Wall Street is receiving $350,000, after a lawsuit brought over damages to books during a police raid of Zucotti Park.

occupy zucotti park 2012 Protesters in Zucotti Park at the Occupy Wall Street revival in September 2012. Credit: Danielle Tcholakian

 

Occupy Wall Street is getting $350,000 in a settlement from the city in a federal lawsuit over property damage during the police raid of Zucotti Park in November 2011, DNAinfo reports.

 

In a statement, a city law department official reportedly said, "It was absolutely necessary for the city to address the rapidly growing safety and health threats posed by the Occupy Wall Street encampment."

 

"There are many reasons to settle a case, and sometimes that includes avoiding the potential for drawn-out litigation that bolsters plaintiff attorney fees," she added.

 

Of the $350,000 settlement, $186,349 will go to Occupy's civil rights attorney, Norman Siegel.

Protesters were awarded the entirety of the $47,000 they asked for to compensate damage to 2,600 books in their People's Library.

They were also awarded $8,500 for damaged bicycles.

Global Revolution Television, a media group based in the park, will receive $75,000 for damaged electronic equipment. Their attorney, Wylie Stecklow, will get $49,850 in legal fees.

Per the agreement, the park's owner, Brookfield Properties, will reportedly contribute $16,000 to the settlement.

Follow Danielle Tcholakian on Twitter @danielleiat