Configure Partners LLC v. RACI Holdings LLC
- Ronnie Abrams
- 1:22-cv-08631
- U.S. District Court · Southern District of New York
- 1
In Configure Partners v. RACI Holdings, Judge Abrams stayed the case after the parties reported a settlement in principle and postponed deadlines indefinitely.
Configure Partners LLC, Configure Partners Securities LLC, RACI Holdings LLC, and PNC Capital Finance LLC; the action is paused and its pending deadlines are postponed indefinitely.
What happened
Configure Partners LLC, Configure Partners Securities LLC, RACI Holdings LLC, and PNC Capital Finance LLC told the court that they had reached a settlement in principle.
The court stayed the case and postponed all pending deadlines indefinitely. The order did not approve a settlement or resolve the parties’ underlying dispute.
Judge Ronnie Abrams also said that, if the parties want the court to keep authority to enforce a settlement agreement, they must place the agreement’s terms on the public record and obtain the court’s approval.
The detailed version
- Configure Partners LLC v. RACI Holdings LLC · No. 1:22-cv-08631
- Ronnie Abrams
- June 14, 2023
Background
The court stated that it had been informed that the parties reached a settlement in principle. The opinion does not describe the underlying claims or the proposed settlement’s terms.
Ruling
The court ordered that the action be stayed, meaning that the case was paused. It also ordered that all pending deadlines be adjourned indefinitely. The order did not dismiss the case, enter judgment, or decide the merits of the dispute.
The court stated that if the parties want it to retain authority to enforce a settlement agreement, the agreement’s terms must be placed on the public record and approved by the court. The order does not state that the court retained such authority or approved a settlement agreement.
Read the full 1-page opinion on CourtListener, the free public archive maintained by the Free Law Project.