He said it was not clear whether the defendants would make another settlement offer or allow the case to go to court.
The industry's first settlement offer was $218 billion paid out over 25 years.
Generally, one side or the other will make a settlement offer early in litigation.
An initial settlement offer of about $10 million was rejected.
Two years ago it voted down a settlement offer of $140 million.
He said the city had turned down a settlement offer of $3.5 million just before the trial.
And that's why they have been willing to make such a generous settlement offer.
The group then sent out settlement offers in the $1,000-$3,000 range.
It takes nerve to turn down a settlement offer of $17.5 million.
The plaintiff turned down a settlement offer of more than $500,000.