After 16 months of litigating a lawsuit over its fiber project, Colorado Springs Utilities has agreed to settle the case by paying ADB Companies LLC $5.35 million.
The lawsuit, filed in October 2024, was first reported by the Bulletin in November. It was scheduled to go to trial in April, but both parties signed off on the agreement on Feb. 25. The settlement agreement won’t be filed with the court until after Utilities pays the money, which it’s obligated to do by March 11 under the agreement.
Utilities released the settlement agreement to the media on Monday. In it, Utilities agreed to pay ADB to “resolve the lawsuit, ADB claims, city counterclaims, all claims that could have been asserted in the lawsuit, and all claims either party has against the other as of the effective date.”…