ANDREW P. GORDON, District Judge.
Plaintiffs International Brotherhood of Teamsters, Airline Division, and Airline Professionals Association of the International Brotherhood of Teamsters, Local No. 1224 ("Plaintiffs" or "Teamsters") and Defendants Allegiant Travel Company and Allegiant Air, Inc. (hereinafter "Defendants" or "Allegiant") hereby submit this Stipulation and Order to Release Injunction Bond in the above entitled action and states the following:
1. This Court has jurisdiction over this matter.
2. An injunction bond, RLI Insurance Company bond number CMS270414, was posted on August 13, 2014, in the amount of $175,000.00 to the United States District Court Clerk (hereinafter referred to collectively as the "Injunction Bond"). [Dkt. 93].
3. The Bond was posted by the Teamsters through RLI Insurance Company.
4. Allegiant is entitled to recovery on the Injunction Bond because Allegiant is accepting the funds in the amount of $175,000.00 as full satisfaction of claims pertaining to Allegiant's attorneys' fees, costs, and other expenses related to the defense of the matters outlined by the Court in the Order Imposing Bond as Security for Preliminary Injunction. [Dkt. 89].
5. The Bond should be tendered to Allegiant as follows:
WHEREFORE, Teamsters and Allegiant pray for an order of this Court immediately releasing the Injunction Bond being held in this matter to Allegiant.
THIS MATTER having come before this Court, by the Teamsters and Allegiant, and the Court, being fully advised in the premises, finds the request to release the injunction bond should be and is hereby GRANTED.
IT IS THEREFORE ORDERED that Defendants are entitled to recovery on the Injunction Bond, RLI Insurance Company bond number CMS270414, in the amount of $175,000.00, and payment of the bond shall be directed to Allegiant Travel Company and Allegiant Air, Inc. at the following address:
IT IS FURTHER ORDERED that Plaintiffs shall direct their surety to promptly make payment to Defendants.