Shkreta v. Colonnade Management Corporation
- Ronnie Abrams
- 1:20-cv-06134
- U.S. District Court · Southern District of New York
- 2
In Shkreta v. Colonnade, Judge Abrams discontinued the settled-in-principle case without costs or prejudice to timely restoration and adjourned the conference and trial.
Xhejni Shkreta and defendants Colonnade Management Corporation, Columbus Properties, Inc., and John Dimurro; the case was closed after the parties reported a settlement in principle.
What happened
In Shkreta v. Colonnade Management Corporation, the court was told that the parties had reached a settlement in principle.
The court discontinued the case without costs to any party and allowed a request to restore it to the court’s docket if filed within 30 days. It also adjourned the scheduled pretrial conference and trial and directed the clerk to close the case.
Judge Ronnie Abrams issued the order on February 16, 2024. The order says that any settlement terms must be placed on the public record and approved by the court within 30 days if the parties want the court to retain authority to enforce the settlement.
The detailed version
- Shkreta v. Colonnade Management Corporation · No. 1:20-cv-06134
- Ronnie Abrams
- Feb. 16, 2024
Background
The court stated that it had been informed that the case was settled in principle. The opinion does not describe the underlying claims or the settlement’s terms.
Court’s Order
The court ordered that the action be discontinued without costs to any party and without prejudice to restoring the action to the court’s docket if an application to restore it was made within 30 days. It warned that an application filed after that deadline could be denied solely because it was late.
If the parties wanted the court to retain jurisdiction—the authority to enforce a settlement agreement—the agreement’s terms had to be placed on the public record and approved by the court within the same 30-day period. The court also adjourned the final pretrial conference scheduled for February 23, 2024, and the trial scheduled to begin on February 26, 2024. The clerk was directed to close the case.
Disposition
Judge Ronnie Abrams discontinued the action under the stated settlement-related conditions and directed that the case be closed. The order did not decide the underlying legal claims.
Read the full 2-page opinion on CourtListener, the free public archive maintained by the Free Law Project.