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Embattled L.A. schools Supt. John Deasy is expected to step down after reaching a settlement with the school board, according to a source familiar with the negotiations.

The school board could name an interim superintendent as early as 10 a.m. Thursday, according to the source, who spoke on condition of anonymity because it involved a personnel matter.

Another source said the board was likely to select former Supt. Ramon Cortines to run the district on an interim basis.

As part of the departure agreement, Deasy is expected to receive about 60 days’ pay, or roughly $60,000,  the source said.  His contract requires a severance payment of only 30 days, even though Deasy was under contract through June 2016.

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