Roosevelt Parent LLC v. Select Portfolio Servicing, Inc.
- Valerie Caproni
- 1:23-cv-01244
- U.S. District Court · Southern District of New York
- 2
Judge Caproni dismissed Roosevelt Parent LLC v. Select Portfolio Servicing with prejudice and without costs after the parties reached an agreement in principle.
Roosevelt Parent LLC, Roosevelt Management Company LLC, Rushmore Loan Management Services LLC, Dakota Asset Services LLC, and Select Portfolio Servicing, Inc.
What happened
In Roosevelt Parent LLC v. Select Portfolio Servicing, Inc., the parties told the court that 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, terminated all open motions, and closed the case.
Judge Valerie Caproni allowed the parties 30 days to request reopening for good cause and to ask the court to retain authority to enforce their settlement agreement if they submitted the required materials.
The detailed version
- Roosevelt Parent LLC v. Select Portfolio Servicing, Inc. · No. 1:23-cv-01244
- Valerie Caproni
- June 15, 2023
Background
On June 14, 2023, the parties notified the court that they had reached an agreement in principle resolving all issues. The order does not describe the underlying claims or the terms of that agreement.
Ruling
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 Enforcement
The parties could apply to reopen the case within 30 days of the order. Any such application had to show good cause for keeping the case open in light of the settlement, and a late or unsupported request could be denied on that basis. 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 expressly retaining that authority within the same 30-day period. Judge Valerie Caproni issued the order.
Read the full 2-page opinion on CourtListener, the free public archive maintained by the Free Law Project.