Torricelli v. VB Asset Management, LLC
- Valerie Caproni
- 1:23-cv-09176
- U.S. District Court · Southern District of New York
- 2
In Torricelli v. VB Asset Management, LLC, Judge Caproni dismissed the settled case with prejudice and without costs.
Robert Torricelli, Elise Lelon, VB Asset Management, LLC, and Visciogliosi Brothers, LLC. The case was dismissed with prejudice, subject to the order’s 30-day provisions for seeking reopening or asking the court to retain jurisdiction to enforce the settlement.
What happened
In Torricelli v. VB Asset Management, LLC, the court was told that the parties had reached an agreement on all issues through mediation.
The court canceled all scheduled conferences and deadlines, dismissed the case with prejudice and without costs, including attorneys’ fees, terminated all open motions, and closed the case.
Judge Valerie Caproni allowed the parties 30 days to seek reopening for good cause or to ask the court to retain authority to enforce their settlement agreement, subject to the stated filing requirements.
The detailed version
- Torricelli v. VB Asset Management, LLC · No. 1:23-cv-09176
- Valerie Caproni
- June 26, 2024
Background
The court was notified on June 25, 2024, that the parties had reached an agreement on all issues through mediation. The opinion does not describe the settlement’s terms or the underlying claims.
Court’s action
The court ordered that all previously scheduled conferences and other deadlines be canceled. It dismissed the case with prejudice and without costs, including attorneys’ fees, to either party. The court also directed the Clerk of Court to terminate all open motions and close the case.
Possible later applications
Within 30 days, the parties could apply to reopen the case by showing good cause for keeping it open despite the settlement. The order states that an application filed after 30 days or without a showing of good cause may be denied on that basis alone. If the parties wanted the court to retain jurisdiction—the authority to enforce the settlement agreement—they had to submit the agreement and request an order expressly retaining jurisdiction within the same 30-day period.
Read the full 2-page opinion on CourtListener, the free public archive maintained by the Free Law Project.