Munich Re Syndicate Limited v. COSCO Shipping Lines Co., Ltd.
- Valerie Caproni
- 1:23-cv-07949
- U.S. District Court · Southern District of New York
- 2
Munich Re Syndicate v. COSCO Shipping: Judge Caproni dismissed the settled case with prejudice and without costs, subject to possible reopening within 30 days.
Munich Re Syndicate Limited and COSCO Shipping Lines Co., Ltd.; the case was closed after the parties reached an agreement, subject to the order’s 30-day procedures for reopening the case or requesting retained jurisdiction to enforce the settlement.
What happened
In Munich Re Syndicate Limited v. COSCO Shipping Lines Co., Ltd., the court was told that the parties had reached an agreement on all issues through the magistrate judge.
The court canceled all scheduled conferences and deadlines, dismissed the case with prejudice and without costs or attorneys’ fees to either party, terminated all open motions, and closed the case. The parties could ask to reopen it within 30 days if they showed good cause.
Judge Valerie Caproni issued the order. She also said that the parties had to submit their settlement agreement and request an order retaining jurisdiction within that same 30-day period if they wanted the court to enforce the settlement.
The detailed version
- Munich Re Syndicate Limited v. COSCO Shipping Lines Co., Ltd. · No. 1:23-cv-07949
- Valerie Caproni
- Apr. 5, 2024
Background
The court was notified that, through the magistrate judge, the parties had reached an agreement on all issues. The opinion does not describe the underlying claims or the terms of the parties’ 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 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 application had to show good cause for keeping the case open despite the settlement. The order stated that a request filed after 30 days or without a showing of good cause could be denied solely on that basis.
If the parties wanted the court to retain jurisdiction—that is, authority to enforce the settlement agreement—they had to submit the settlement agreement under Rule 7.A of the court’s Individual Practices and request an order expressly retaining that authority, also within 30 days.
Disposition
Judge Valerie Caproni dismissed the case with prejudice and without costs, terminated the open motions, and closed the case. The order separately provided a 30-day procedure for seeking to reopen the case or asking the court to retain jurisdiction to enforce the settlement.
Read the full 2-page opinion on CourtListener, the free public archive maintained by the Free Law Project.