NMB Therapeutics, Inc. v. National Fire Insurance Company of Hartford

Background

The court stated that, on February 2, 2023, it was notified through the magistrate judge that NMB Therapeutics, Inc. and National Fire Insurance Company of Hartford had reached an agreement in principle resolving all issues. The opinion does not describe the underlying dispute or the settlement terms.

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.

Reopening and settlement enforcement

The parties may apply to reopen the case within 30 days of the order. Such an application must show good cause for keeping the case open despite the settlement. A request filed after 30 days or without a showing of good cause may be denied on that basis alone. If the parties want the court to retain authority to enforce their settlement agreement, they must, within the same 30-day period, submit the agreement under Rule 7.A of the court’s Individual Practices and request an order expressly retaining that authority.

Disposition

Judge Valerie Caproni dismissed the case with prejudice and without costs, terminated the open motions, and directed that the case be closed.