EDWARD M. CHEN, District Judge.
Plaintiff The Lincoln National Life Insurance Company ("Lincoln") and defendants N.W. (a minor) and Tanya Morris-Harvey through their respective counsel of record, hereby stipulate and agree as follows and respectfully request that the Court approve and give effect to their stipulation and enter the attached proposed order for dismissal and partial distribution of the interpleaded funds.
1. This is an interpleader action. As alleged in the Complaint, Lincoln was faced with competing claims from defendants N.W. and Tanya Morris-Harvey (collectively, "Defendants") to the proceeds of a group life insurance policy, Policy No. 000010131144 (the "Policy"). Consequently, on December 16, 2016, Lincoln filed this interpleader action seeking a judicial determination of the proper policy beneficiary and an order discharging it from any further liability under the Policy.
2. On March 8, 2016, this Court entered an Order granting Lincoln motion for leave to deposit the Policy proceeds with the Court and, on March 11, 2016, Lincoln deposited with the Court Clerk the proceeds of the Policy, with interest, in the total sum of $101,443.84 (the "Deposited Funds").
3. Defendant Morris-Harvey filed her Answer to the Complaint on January 18, 2016. Defendant N.W. filed her response to the complaint on March 9, 2016. Both allege they were the sole designated beneficiary of the Policy at the time of the insured's death.
4. A Case Management Conference is currently scheduled in this matter for May 5, 2016, at 9:30 a.m.
5. Lincoln asserts no claim to any portion of the Deposited Funds, and neither Defendant asserts any claim against Lincoln. Lincoln should be dismissed from this action, and that the sum of $7,500 be distributed from the Deposited Funds to Lincoln as payment in full for whatever attorney's fees and costs Lincoln has incurred in this matter. Lincoln has also stipulated and agreed to produce its claim file to the Defendants through its initial disclosures.
7. THE PARTIES FURTHER AGREE AND RESPECTFULLY REQUEST that the Court approve this Stipulation and enter the attached Proposed Order.
Having considered the parties' attached Joint Stipulation dated April
1.
2. The Defendants are enjoined from filing any suit against Lincoln
3. Lincoln is entitled to and will receive $7,500.00 in partial reimbursement of its costs and attorneys' fees from the Deposited Funds. Upon entry of this Order the Clerk of the Court shall issue a check to Lincoln in the amount of $7,500.00, made payable as follows: