Friday, August 4, 2017


A status conference with the district court for both cases is scheduled for September 6, 2017.

The parties therefore request that all deadlines in the above-captioned appeals continue to be stayed until September 11, 2017, at which time the parties propose that they will submit a Joint Status Report advising the Court as to the status of the pending motions and how they wish to proceed with the appeals. Dated August 3, 2017

See Here


nobody123789 said...

The longer they talk the greater the odds of a settlement.

nobody123789 said...

1) The court (in this case the district court) must approve any settlement, and
2) The details of the settlement will very likely be public

Some court opinions have explicit statements that if a settlement agreement is filed with the court for the court’s approval or interpretation, then denying the public access to the agreement requires special circumstances. Bank of America National Trust & Savings Association, 800 F.2d 339, 345 (3d Cir. 1986) (“Once a settlement is filed in the district court, it becomes a judicial record, and subject to the access accorded such records.”); Herrnreiter v. Chicago Housing Authority, 281 F.3d 634, 637 (7th Cir. 2002) (“[Defendant’s] desire to keep the amount of its payment quiet (perhaps to avoid looking like an easy mark, and thus drawing more suits) is not nearly on a par with national security and trade secret information.

Now that the agreement itself has become a subject of litigation, it must be opened to the public just like other information (such as wages paid to an employee, or the price for an architect’s services) that becomes the subject of litigation.”); Brown v. Advantage Engineering Inc., 960 F.2d 1013, 1016 (11th Cir. 1992)(“It is immaterial whether the sealing of the record is an integral part of a negotiated settlement between the parties, even if the settlement comes with the court’s active encouragement. Once a matter is brought before a court for resolution, it is no longer solely the parties’ case, but also the public’s case. Absent a showing of extraordinary circumstances .!.!.!, the court file must remain accessible to the public.”).

Anonymous said...

So.... Even with a positive settlement for GERS, the shareholders will sue and tie this up for three ,ore years. Way to go GERS-ites. Let us all get in on the party. KK already made his bump off of this debacle. Where is yours?

Anonymous said...

Eight cents a share is just what you did pay! Eight cents a share is just what all you want to believe. Then there is that selling! That selling you did'nt care to share. I just want something to love on. Cause I ain't got nothing but my money to spare. Money I know will will leave me. It will buy me lots of nothing air. Eight days a week, I always follow the wind. Eight days a week, I know it's just addiction true. Eight days a week it only serves to pay them through.

Good luck to all. I am still in.

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