Document 2qamNaq90QbdQBjEb5djozpJ5

p, i.^ CLIFFORD A . JONES HERBERT M. JONES MELVIN D. CLOSE, JR . JO S E P H Vi BROWN GARY R, GOODHEART MICHAEL E. BUCKLEY W ILL KEMP KIRK R. HARRISON D OUGLAS G. CROSBY RIC H AR D F, J O S T LAW O FFIC ES JL RANDALL JO N E S CHARLES H. McCREA, SR. JA N E T l_ C H U B B DOUGLAS M. COHEN PATRICIA JL CURTIS KIRK B. LENHARD W AYNE 1- MORTIMER JU U EN G. 50URW INE DAVID L MOUSEL DOUGLAS A. SLOANE J ones, J ones, Close & I Ch a b t e b b d A PR O FE S S IO N A L CORPORATION SEVENTH FLOOR - VALLEY BAN K PLA 3 0 0 SOUTH FOURTH STREET L A S V E G A S , N E V A D A 0 0 1 0 1 -0 0 2 0 KRlSTON T. BALLARD CARA L BROWN W ILliA M L COULTHARD DEREK C. ENCE J A M E S W. ERSECK J O H N W FIELD GARY T. FOREMASTER ANTHONY C. GORDON KIRK D. HENDRICK RICHARD F. HOLLEY D AVID G* JO H N S O N JOHN E. LEACH PAUL A. LEMCKE M ARK Dl LER N ER R EN EE FL REUTHER STEPHEN M + RICE ERIKA PALMER ROGERS JAN E A. STECKBECK KEVIN R. STOLWORTHY JO H N M. SULLIVAN May 13, 1992 John L. Thorndal, Esq. THORNDAL, BACKUS, MAUPIN & ARMSTRONG 1100 East Bridger Avenue Las Vegas, Nevada 89101 Re: Nevada Power v. General Electric. Monsanto & Westinghouse Dear John: This letter will memorialize our conversation today during which you informed me that your clients were refusing the opportunity, suggested by Plaintiff, to discuss a negotiated settlement of the above-referenced litigation. Plaintiff, Nevada Power, had requested that the three defendants each provide a representative with settlement authority for a meeting with Plaintiff and its counsel for the purpose of discussing a fair and reasonable settlement of this case prior to the initiation of extensive discovery by Plaintiff. The Defendants apparently prefer to proceed to trial. I think it is unfortunate that the Defendants apparently prefer to disregard the chance to resolve this litigation now, in a manner that is fair to all parties, before both sides incur additional costs, and before information which is extremely damaging to the Defendants becomes part of the public record. In light of the potential financial impact to Defendants in the event of an adverse verdict, Defendants must be extremely confident of the indulgence of their stockholders to have so casually dismissed this opportunity. Defendants' confidence in the outcome of the case may turn out to be as misplaced as their confidence in a successful outcome at the Ninth Circuit. In the RENO OFFICE: 333 MARSH AVENUE RENO, NEVADA 0 9 5 0 4 TELEPHONE (702) 3 4 3 - 0 3 3 0 - 702) 3 2 3 -S 6 3 3 TELECOPIER (702) 3 4 3 - 0 3 3 6 * 1702) 3 2 3 - 3 6 6 3 John L. Thorndal, usq. May 13, 1992 Page 2 meantime, I will look forward to seeing you during the prosecution of this case. Very truly yours, JONES, JONES, CLOSE & BROWN, CHARTERED JRJ/jls cc: J. Bruce Alverson, Esq. Richard L. Hinckley, Esq. jls\thorndal.Itr J. Randall Jones, Esq.