Examples of State Court Actions in a sentence
Thus, the settlement is now binding on all parties and represents a final settlement of both the Federal Court Action and the State Court Actions.
The Parties agree that it is a necessary condition of this Agreement that, within ten business days after Final Approval, the plaintiffs in the State Court Actions shall move to have their actions dismissed with prejudice, and that the state court thereafter shall dismiss those actions with prejudice.
In the event the State Court Actions are not dismissed with prejudice, SPE may, at its sole discretion and notwithstanding any preliminary or final approval order entered by the Court, terminate this Agreement, rendering it null and void.
Respondents in the State Court Actions are: NYS OTDA, NYS T&F and NYS Lottery.
The following description of the proposed Settlement of the Federal Action and the State Court Actions is only a summary, and reference is made to the text of the Stipulation on file with the District Court for a full statement of its provisions.
Montana alleges that it was named as a defendant in the State Court Actions for claims arising from the Debtors’ mining and processing of asbestos-containing vermiculite within the state.
This MOU shall be rendered null and void and of no force and effect in the event that Final Approval of the Settlement fails to occur, the dismissal of the Pennsylvania State Court Actions or the Xxxxxxx Action fails to occur, Plaintiffs’ Counsel do not satisfactorily complete Confirmatory Discovery, or the Proposed Transaction is not consummated for any reason.
I recommended to Robert Scotto that Victor file a Chapter 7 petition as a negotiating strategy to gain leverage in dealing with the plaintiffs in the State Court Actions.
The Parties agree to use their best efforts to achieve: (a) the drafting and execution of a definitive Settlement Agreement by the Parties; (b) Final Approval of the Settlement by the Delaware Court; (c) dismissal with prejudice of the Consolidated Delaware Action as to all members of the Class (including Lead Plaintiffs); (d) dismissal with prejudice of the Pennsylvania State Court Actions and the Xxxxxxx Action; and (e) the consummation of the Proposed Transaction.
Montana alleges that it is necessary to join the Debtors in the State Court Actions because, to the extent that liability is imposed on Montana as a result of the State Court Actions, such liability could only be remote and derivative from, or concurrent with, the acts and liabilities of the Debtors.