Stroud v. HSBC Bank USA, N.A.
- Ronnie Abrams
- 1:18-cv-11113
- U.S. District Court · Southern District of New York
- 1
In Stroud v. HSBC Bank USA, N.A., Judge Abrams discontinued the case after a reported settlement in principle, without costs and with timely restoration allowed.
Rodney Stroud and HSBC Bank USA, N.A.; the action was closed after a reported settlement in principle, subject to the stated 30-day restoration and settlement-enforcement conditions.
What happened
Stroud v. HSBC Bank USA, N.A. was reported to have settled in principle. The opinion does not describe the underlying claims or the settlement terms.
The court discontinued the action without costs to either party and without prejudice to restoring it to the court’s docket if an application was made within 30 days. The clerk was directed to close the case.
Judge Ronnie Abrams also stated that any request for the court to retain authority to enforce a settlement had to be placed on the public record and approved by the court within the same 30-day period.
The detailed version
- Stroud v. HSBC Bank USA, N.A. · No. 1:18-cv-11113
- Ronnie Abrams
- Mar. 24, 2020
Background
The court stated that it had been informed that the case had settled in principle. The opinion does not identify the underlying claims or provide the settlement’s terms.
Order
Judge Ronnie Abrams ordered that the action be discontinued without costs to any party and without prejudice to restoring the action to the court’s docket. An application to restore or reopen the case had to be filed within 30 days of the order; the court stated that a later application might be denied solely because it was late.
The court further stated that, if the parties wanted the court to retain jurisdiction—meaning authority—to enforce a 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.
Read the full 1-page opinion on CourtListener, the free public archive maintained by the Free Law Project.