News Focus
News Focus
Followers 23
Posts 1419
Boards Moderated 0
Alias Born 05/19/2008

Re: mrfence post# 111722

Tuesday, 04/16/2013 1:05:40 PM

Tuesday, April 16, 2013 1:05:40 PM

Post# of 118206
The order dismissing the case provides an escape hatch/safety valve in case the settlement (whatever it is) falls through:

ORDERED THAT this matter be and hereby is dismissed without costs and with prejudice, subject to the right, upon good cause shown within sixty (60) days, to reopen the action if the settlement is not consummated.



Presumably, the parties themselves want the settlement, so the 60-day thing is a just-in-case measure, which in all likelihood will not get triggered.
GL


I am an amateur at this, and it would be unwise to rely on my opinions without your own independent confirmation in consultation with an investment professional.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today