Colorado business pays $23.5K settlement with 6,500 pounds in coins: reports

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

A welder in northern Colorado agreed to settle a dispute with another welder, then paid $23,500 in nothing but quarters, nickels, dimes and pennies.

A Northern Colorado welder who agreed to settle a lawsuit filed by another welder paid the settlement amount of $23,500 that was agreed upon, in quarters, nickels, dimes and pennies, according to reports. NBC station KUSA in Denver reported that the coins, which weighed 6,500 pounds, were delivered in a steel box atop a flatbed truck and required a forklift to make the delivery.

With those considerations, Beem would not take delivery of the coins. "In our pleadings, we called it the figurative middle finger," she told the station. Still, money is money, and JMF said in court filings that they are the "current coin of the realm." The coins are also considered legal "tender of the settlement funds," JMF added.

On Monday evening, a judge ordered JMF to use a traditional method of payment, such as a check.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market: I Am Still Bullish, Unless...Stocks Analysis by Avi Gilburt covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Avi Gilburt's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »