InvestorsHub Logo
Followers 23
Posts 570
Boards Moderated 0
Alias Born 02/17/2005

Re: None

Thursday, 09/13/2007 10:29:27 AM

Thursday, September 13, 2007 10:29:27 AM

Post# of 157299
In case you wanted to see.
From Pacer regarding the Class Action Lawsuit Settlement


UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF FLORIDA
MIAMI DIVISION
Case No. 06-21071-CIV-ALTONAGA/Turnoff

RICHARD STEVENS, et al., on behalf of
themselves and all others similarly situated,
Plaintiffs,
v .
GLOBETEL COMMUNICATIONS CORP.,
et al.,
Defendants.

ORDER

THIS CAUSE comes before the Court upon the parties’ Notice of Joint Report of Settlement
and Motion to Continue Stay of Proceedings (the “Motion to Stay”), filed on September 11, 2007
[D.E. 71]. On June 12, 2007, the Court stayed this action pending the parties’ effort at mediation.
The Court has been informed that on August 23, 2007, the parties mediated their claims and
tentatively agreed to the settlement of this class action. The parties also inform that they are presently
drafting a settlement agreement and various ancillary documents necessary for the final settlement of
this class action pursuant to Rule 23 of the Federal Rules of Civil Procedure. Accordingly, the parties
propose a continued stay of this action for 45 days (until October 26, 2007) so that they may have
sufficient time to finalize the settlement and present it to the Court for approval.
Based on the parties’ representations, pertinent portions of the record, and being otherwise
fully informed in the premises, it is hereby ORDERED AND ADJUDGED that the parties’ Motion to Stay [D.E. 71] is GRANTED.
This action is further stayed until October 26, 2007, in order to give the parties sufficient time to
finalize the settlement and present it to the Court for approval. All dates contained in the Court’s
May 10, 2007, Order Setting Trial and Pre-trial Schedule, Requiring Mediation, and Referring Certain
Motions to Magistrate Judge are tolled accordingly. No further extensions are permitted.
DONE AND ORDERED in chambers in Miami, Florida, on this 11th day of September,
2007.
_______________________________
CECILIA M. ALTONAGA
UNITED STATES DISTRICT JUDGE
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.