Preservation Technologies LLC v. Forbes Media LLC

Background

On April 12, 2024, the parties notified the court that they had reached an agreement in principle resolving all issues.

Court’s Order

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 parties were given 30 days to apply to reopen the case. Any application had to show good cause for keeping the case open despite the settlement and had to be filed within that 30-day period. The court stated that an untimely request or one without a showing of good cause could be denied on that basis alone.

The court also stated that, if the parties wanted the court to retain jurisdiction—meaning authority to enforce the settlement agreement—they had to submit the agreement and request an order expressly retaining jurisdiction within the same 30-day period.

Disposition

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