LIBOR8 SETTLEMENT LOOMING???
Thanks goes to BP Poster, Hold.
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After the Judge ultimatum response many of OTC plaintiffs dropped their claims at the end of fact discovery deadline, I guess they were hoping Judge would approve their request. They should have hired additional attorneys if they really wanted to continue this legal battle, imo.
4003 04/04/2024 STIPULATION OF VOLUNTARY DISMISSAL It is hereby stipulated and agreed by and between the parties and/or their respective counsel(s) that the above-captioned action is voluntarily dismissed, with prejudice against the defendant(s) Citibank NA, Citigroup Inc, Citibank, N.A. and without costs pursuant to Rule 41(a)(1)(A)(ii) of the Federal Rules of Civil Procedure. Document filed by California Public Plaintiffs, City Of Houston, City of Richmond, City of Riverside, County of Mendocino, County of Sacramento, County of San Diego, County of San Mateo, County of Sonoma, East Bay Municipal Utility District, San Diego Association of Governments, San Mateo Couty Joint Powers Financing Authority, Successor Agency to the Richmond Community Redevelopment Agency, David Sundstrom, The Regents of the University of California, The Richmond Joint Powers Financing Authority, The Riverside Public Financing Authority. Proposed document to be reviewed and processed by Clerk's Office staff (No action required by chambers).Filed In Associated Cases: 1:11-md-02262-NRB et al.
Now with everything said and done, an imminent settlement agreement will likely be formed any day.
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