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GOLDBERG CASE Settlement reached in suit against bank



Published: Thu, May 3, 2001 @ 12:00 a.m.



Details of the settlement were not released.

By PEGGY SINKOVICH

VINDICATOR TRUMBULL STAFF

WARREN -- A settlement has been reached in a lawsuit filed by the estate of a former client of Richard D. Goldberg against National City Bank.

Attorneys representing the estate of Paul D. Fraelich of Newton Falls and attorneys representing National City Bank appeared Wednesday in the Trumbull County Probate Courtroom of Judge Thomas Swift and announced they had reached a settlement.

Details were not released, and attorneys for both sides declined to comment. A judgment entry is expected to be filed by May 18, Judge Swift stated.

The suit: Fraelich's estate sued the bank last year, saying it cashed checks for Goldberg that were allegedly forged. Attorneys for the estate said in court documents that three checks totaling $742,640 were cashed.

Goldberg, who is now serving time in federal prison, has admitted defrauding 23 clients, including the Fraelichs.

The family of Paul Fraelich alleged that Goldberg collected nearly $750,000 from a wrongful death case he litigated on behalf of the family in 1996. Goldberg told the family the award hadn't been paid because the verdict was being appealed, according to court documents.

Judge Swift has noted that Goldberg did not notify the court of a settlement in the Fraelich estate.

Court records, however, show a request from Goldberg in February 1997 for more time to file an account of the Fraelich estate because there were issues to be decided by a judge in the wrongful death case.

Judge Swift granted the request but later learned there were no issues to be decided and Goldberg had already been mailed part of the settlement.




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