HSCM Bermuda Fund, Ltd. v. 24 Capital, LLC
- Valerie Caproni
- 1:21-cv-06904
- U.S. District Court · Southern District of New York
- 2
HSCM Bermuda Fund Ltd. v. Newco Capital Group VI LLC: Judge Caproni dismissed the settled case with prejudice, without costs.
HSCM Bermuda Fund Ltd., HSCM F1 Master Fund Ltd., and Newco Capital Group VI LLC; the case was closed based on the parties’ agreement in principle.
What happened
HSCM Bermuda Fund Ltd. and HSCM F1 Master Fund Ltd. sued Newco Capital Group VI LLC. The parties told the court they had reached an agreement in principle resolving all issues.
The court canceled scheduled conferences and deadlines, dismissed the case with prejudice and without costs or attorneys’ fees to either party, terminated open motions, and closed the case. The parties had 30 days to ask to reopen the case for good cause. They could also ask the court to retain authority to enforce their settlement by submitting the agreement and a separate request within that period.
Judge Valerie Caproni issued the order on August 30, 2022.
The detailed version
- HSCM Bermuda Fund, Ltd. v. 24 Capital, LLC · No. 1:21-cv-06904
- Valerie Caproni
- Aug. 30, 2022
Background
On August 29, 2022, the parties notified the court that they had reached an agreement in principle resolving all issues in the case.
Order
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.
The order allowed the parties to apply to reopen the case within 30 days. Any such application had to show good cause for keeping the case open despite the settlement. The order also stated that, if the parties wanted the court to retain jurisdiction—the authority to oversee enforcement—to enforce their settlement agreement, they had to submit the agreement and request an order expressly retaining jurisdiction within the same 30-day period. The opinion does not state the terms of the parties’ agreement.
Read the full 2-page opinion on CourtListener, the free public archive maintained by the Free Law Project.