I think that's a load of shit, Joe.
Little Mikey Bloomberg reigned over New York for a dozen years, refusing to make a payment to the CP5, figuring that he could win a lawsuit.
Bloomberg may be a doofus and the reincarnation of Raymond Cocteau, but he knows money and he's an incredibly wealthy dude. Mikey is no skinflint either, he's paid $200 Million out of his own walking around money for campaign commercials.
It took the radical anti-cop administration of Fake-Italian Warren Wilhelm to cut a check, they were making a political point.
The point was, Mikey didn't take it to court, because he knew he would lose. All he could do was delay, delay, delay.
The minute a jury heard how the cops and prosecutors framed these kids, there was going to be a big old settlement.