Voyage of Time: you thought we had finished with this? But things were too simple: there have been a misunderstanding problem between the lawyers and the Court on the reaching of the settlement, and despite all the appearances and the documents, the closing of the case on Friday was a mistake from the Court. Indeed counsel for Seven Seas and Sycamore are still finalizing the draft settlement agreement, and so have not yet settled the litigation. They have reached a negotiated document and expect to file stipulations, which the parties have negotiated, with the Court this week. For these reasons, the plaintiff, Seven Seas, today requests that the Court vacate its February 6th order. To avoid such a misunderstanding, the parties will jointly update the Court as soon as a settlement agreement is executed. However, we can guess that the conclusion is very near, if, even the Court was confused and made such a mistake...
Posted on: Mon, 10 Feb 2014 19:49:50 +0000