U.S. Specialty Insurance Company v. James River Insurance Company
- Valerie Caproni
- 1:21-cv-05280
- U.S. District Court · Southern District of New York
- 2
In U.S. Specialty Insurance v. James River Insurance, Judge Caproni dismissed the settled case with prejudice and without costs.
U.S. Specialty Insurance Company and James River Insurance Company; the case was closed after the parties reached an agreement in principle.
What happened
U.S. Specialty Insurance Company v. James River Insurance Company was dismissed after the parties told the court they had reached an agreement in principle resolving all issues.
The court canceled the 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 to seek reopening within 30 days for good cause and explained how they could ask the court to retain authority to enforce their settlement agreement.
The detailed version
- U.S. Specialty Insurance Company v. James River Insurance Company · No. 1:21-cv-05280
- Valerie Caproni
- Jan. 4, 2022
Background
On January 3, 2022, the parties notified the court that they had reached an agreement in principle resolving all issues in the case.
Court’s Action
The court canceled all previously scheduled conferences and other deadlines. It dismissed the case with prejudice and without costs, including attorneys’ fees, to either party. The Clerk of Court was directed to terminate all open motions and close the case.
Possible Reopening and Settlement Enforcement
The parties could apply to reopen the case within 30 days by showing good cause for keeping it open despite their settlement. The court stated that a request filed after 30 days, or without a showing of good cause, could be denied on that basis alone. If the parties wanted the court to retain jurisdiction—that is, authority—to enforce their settlement agreement, they had to submit the agreement and request an order retaining that authority within the same 30-day period.
Read the full 2-page opinion on CourtListener, the free public archive maintained by the Free Law Project.