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BOOTH v. STRATEGIC REALTY TRUST, INC., 13-CV-04921-JST. (2015)

Court: District Court, N.D. California Number: infdco20150122932 Visitors: 5
Filed: Jan. 21, 2015
Latest Update: Jan. 21, 2015
Summary: STIPULATION AND [PROPOSED] ORDER SUSPENDING DEADLINES IN LIGHT OF PROPOSED SETTLEMENT JON S. TIGAR, District Judge. WHEREAS, on January 16, 2015, following a December 15, 2014 mediation before Hon. Edward A. Infante (Ret.), Lead Plaintiffs Lewis Booth as Trustee for the Booth Trust dated 11-20-96 and Stephen Drews ("Plaintiffs"), and Defendants in this action (Strategic Realty Trust, Inc., Anthony W. Thompson, Thompson National Properties, LLC, TNP Strategic Advisor, LLC and TNP Securiti
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STIPULATION AND [PROPOSED] ORDER SUSPENDING DEADLINES IN LIGHT OF PROPOSED SETTLEMENT

JON S. TIGAR, District Judge.

WHEREAS, on January 16, 2015, following a December 15, 2014 mediation before Hon. Edward A. Infante (Ret.), Lead Plaintiffs Lewis Booth as Trustee for the Booth Trust dated 11-20-96 and Stephen Drews ("Plaintiffs"), and Defendants in this action (Strategic Realty Trust, Inc., Anthony W. Thompson, Thompson National Properties, LLC, TNP Strategic Advisor, LLC and TNP Securities, LLC, Phillip I. Levin, Arthur M. Friedman, Jeffrey S. Rogers, Robert N. Ruth, Peter K. Kompaniez, James R. Wolford, and Jack R. Maurer ("Defendants")), reached a settlement in principle of all of the claims of the putative class against the Defendants, subject to the Court's approval;

WHEREAS, counsel for Plaintiffs and Defendants are preparing formal documentation of the settlement including a motion for preliminary approval of the settlement to submit to the Court;

WHEREAS, to allow the parties sufficient time to document their settlement, all parties to this litigation respectfully request the Court's approval of an Order suspending for 60 days all deadlines set forth in the operative Scheduling Order (Dkt. No. 73);

NOW, THEREFORE, THE PARTIES HEREBY STIPULATE AND REQUEST THAT THE COURT ORDER THAT:

1. All pending deadlines set forth in the operative Scheduling Order (Dkt. No. 73) are suspended for a 60 day period, pending submission to the Court of formal documentation of the settlement and a motion for preliminary approval of the settlement.

PURSUANT TO STIPULATION, IT IS SO ORDERED.

Source:  Leagle

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