Am Re Syndicate, Inc. v. General Insurance Corporation of India

Background

The court was notified on August 3, 2022, by the assigned Magistrate Judge that the parties had reached an agreement on all issues. The order does not state the terms of that agreement.

Order

The court canceled all previously scheduled conferences and other deadlines. It dismissed the case with prejudice and without costs, including attorney fees, to either party. The Clerk of Court was directed to terminate all open motions and close the case.

Possible Reopening and Settlement Enforcement

Within 60 days, the parties may apply to reopen the case. Such an application must show good cause for keeping the case open despite the settlement, and requests filed after 60 days or without a showing of good cause may be denied on that basis alone.

The parties may also ask the court to retain jurisdiction—the court’s authority to address later enforcement issues—to enforce their settlement agreement. To do so, they must submit the settlement agreement under Rule 7.A of the court’s Individual Practices and request an order expressly retaining jurisdiction, both within the same 60-day period.