BARBARA J. ROTHSTEIN, District Judge.
Plaintiff Boracho IP Holdings, LLC and Defendant Outback Power Technologies, Inc., by and through their counsel of record, hereby stipulate and agree as follows:
1. The parties previously stipulated to an extension of time for Defendant to respond to Plaintiff's Complaint for Patent Infringement until December 5, 2019, and the Court entered an Order accordingly. ECF-19, ECF-20.
2. The parties are and have been engaged in discussions regarding potential resolution of this case. In order to facilitate these discussions, the parties stipulated and agreed that—subject to the Court's approval—the deadline for Defendant to answer or otherwise respond to Plaintiff's Complaint for Patent Infringement, should be extended to January 6, 2020, and the Court entered an order accordingly.
3. The parties have now reached an agreement in principle over settlement, which settlement is contingent upon a corrected assignment for the Patent-in-Suit being effected by Plaintiff. In order to permit opportunity for this correction to be accomplished, and so as to avoid unnecessary litigation expenses, the parties are agreed—subject to the Court's approval —to a temporary stay of this case on the terms set forth in the proposed order that is attached to this stipulation.
4. The reason for this second request for a stay is because a former patent owner, Seiko Epson Corporation, is an overseas company and this process has taken longer than anticipated.
5. The parties therefore request a stay of 60 days on all outstanding deadlines, as provided in the proposed order attached hereto.
As set forth in the parties' stipulation, this matter has been tentatively settled subject to an assignment error being corrected. In order to permit such correction, and in the interest of judicial efficiency, (a) this matter shall be stayed, and all current case deadlines vacated, up through and including April 30, 2020; and (b) the parties shall submit a status report to the Court not later than May 4, 2020.
It is so