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But he said that the city was prepared to work quickly to try to settle that suit or others.
The company has since paid $1 million to settle that suit and is now in a quiet period while it registers as a broker of securities.
In 2013, the retailer paid $7.5 million to settle that suit.
Similar(55)
The city settled that suit in 2005, agreeing to broad changes in promotion practices at the parks department, but did not begin negotiating an agreement in the class-action suit until 2006, after the federal judge, Denny Chin of United States District Court in Manhattan, found that there was sufficient evidence to merit a trial.
On Tuesday, they settled that suit.
Goldman settled that suit a few months later, but its troubles were far from over.
Citigroup was close to settling that suit last week for a sum reported to be about $200 million.
In June 1999, Street Beat settled that suit by agreeing to pay $285,000.
The parties settled that suit in February, though the terms were not disclosed.
(Though SAP settled that suit and admitted wrongdoing, it said Mr. Apotheker was not involved in the incidents).
Mr. Hirschfeld settled that suit yesterday by surrendering 56 apartments, which he said were worth about $2 million.
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CEO of Professional Science Editing for Scientists @ prosciediting.com