TGISE Capital LLC v. Lefkaditis
- Ronnie Abrams
- 1:25-cv-02130
- U.S. District Court · Southern District of New York
- 4
In TGISE Capital v. Lefkaditis, Judge Abrams granted in part the request to stay discovery pending settlement but denied a stay of motion practice.
The parties in the two related TGISE Capital LLC cases. Discovery was stayed except for limited settlement-related discovery, while motion practice was not stayed.
What happened
TGISE Capital LLC v. Lefkaditis involves two related cases concerning alleged disputes over a settlement agreement, business dealings, and properties. The defendants asked the court to pause discovery and motion deadlines while the parties pursued settlement.
The court allowed discovery to be paused, except for limited discovery needed to help settlement negotiations. The court did not pause motion practice.
Judge Ronnie Abrams ordered the parties to file a joint update within two days after the settlement conference. If they did not settle, they had to submit a proposed case-management plan within one week after the conference.
The detailed version
- TGISE Capital LLC v. Lefkaditis · No. 1:25-cv-02130
- Ronnie Abrams
- Mar. 27, 2025
Background
The opinion addresses two related cases. Case #1 concerns claims that the defendants failed to enter into a global settlement agreement involving, among other things, properties in Connecticut. Case #2 was removed from New York state court to the Southern District of New York and concerns alleged wrongful conduct relating to the same properties, including a claim for declaratory relief concerning the alleged settlement agreement.
The defendants asked the court to stay, or pause, discovery and motion practice in both cases until after a settlement conference with Magistrate Judge Wang. They also requested that discovery continue only to the extent needed to support settlement negotiations. The opinion states that the parties had a pre-mediation conference scheduled for April 9, 2025.
Ruling
The application was granted in part. The court held that a stay of discovery was warranted, except for “limited discovery to aid settlement negotiations.” The defendants’ further application to stay motion practice was denied.
The court ordered the parties to file a joint letter updating it about the settlement conference within two days after the conference. If the parties did not reach a settlement, they had to submit a proposed case-management plan no later than one week after the settlement conference.
Read the full 4-page opinion on CourtListener, the free public archive maintained by the Free Law Project.