Arrowhead Business and Investment Decisions, LLC v. BuildingIQ, Inc.
- Valerie Caproni
- 1:20-cv-08609
- U.S. District Court · Southern District of New York
- 2
In Arrowhead Business v. BuildingIQ, Judge Caproni dismissed the case with prejudice and without costs after the parties reported an agreement in principle.
Arrowhead Business and Investment Decisions, LLC and BuildingIQ, Inc.; the case was dismissed after the parties reported an agreement in principle.
What happened
Arrowhead Business and Investment Decisions, LLC v. BuildingIQ, Inc. concerned the parties’ notice that they had reached an agreement in principle resolving all issues.
The court cancelled all previously scheduled conferences and deadlines. It also directed the clerk to terminate all open motions and close the case.
Judge Valerie Caproni dismissed the case with prejudice and without costs, including attorneys’ fees, to either party. The parties could apply within 30 days to reopen the case for good cause, and they could request that the court retain jurisdiction to enforce their settlement agreement by submitting the agreement and a request within that period.
The detailed version
- Arrowhead Business and Investment Decisions, LLC v. BuildingIQ, Inc. · No. 1:20-cv-08609
- Valerie Caproni
- Mar. 29, 2021
Background
On March 26, 2021, the parties notified the court that they had reached an agreement in principle resolving all issues.
Order
The court cancelled all previously scheduled conferences and other deadlines. It dismissed the case with prejudice and without costs, including attorneys’ fees, to either party. The clerk was directed to terminate all open motions and close the case.
The order allowed the parties to apply within 30 days to reopen the case. Any application had to show good cause for keeping the case open in light of the settlement and had to be filed within that 30-day period. The parties could also ask the court to retain jurisdiction to enforce their settlement agreement, but they had to submit the agreement and a request for an order expressly retaining jurisdiction within the same period.
Disposition
Judge Valerie Caproni dismissed the case with prejudice and without costs, terminated the open motions, and directed that the case be closed. The opinion does not decide the underlying dispute because the parties reported an agreement resolving all issues.
Read the full 2-page opinion on CourtListener, the free public archive maintained by the Free Law Project.