PCT Contracting, LLC v. Riggs Distler & Company, Inc.
- Ronnie Abrams
- 1:18-cv-11189
- U.S. District Court · Southern District of New York
- 1
In PCT Contracting v. Riggs Distler, Judge Abrams discontinued the settled case without costs and without prejudice to timely restoration.
PCT Contracting, LLC, Riggs Distler & Company, Inc., and JPMorgan Chase Bank, N.A., as escrow agent; the case was closed after settlement, subject to a possible application to restore it within 30 days.
What happened
PCT Contracting, LLC v. Riggs Distler & Company, Inc. was reported settled, with JPMorgan Chase Bank, N.A. also named as a defendant and escrow agent.
The court discontinued the case without costs to any party and without prejudice to restoring it if an application was made within 30 days.
Judge Ronnie Abrams directed the Clerk to close the case and explained that any request for the court to enforce the settlement had to be placed on the public record and approved within the same 30-day period.
The detailed version
- PCT Contracting, LLC v. Riggs Distler & Company, Inc. · No. 1:18-cv-11189
- Ronnie Abrams
- Nov. 12, 2019
Background
The court was informed that the case had been settled. The opinion does not describe the underlying claims or the settlement terms. The defendants were Riggs Distler & Company, Inc. and JPMorgan Chase Bank, N.A., as escrow agent.
Order
The court ordered that the action be discontinued without costs to any party and without prejudice to restoring the action to the court’s docket if an application to restore it was made within 30 days. It stated that an application to reopen filed after that period could be denied solely because it was late.
The court also stated that, if the parties wanted the court to retain jurisdiction to enforce the settlement agreement, the agreement’s terms had to be placed on the public record and approved by the court within the same 30-day period. The Clerk of Court was directed to close the case. Judge Ronnie Abrams signed the order.
Read the full 1-page opinion on CourtListener, the free public archive maintained by the Free Law Project.