RE: Joint Statement26 Jul 2019 02:43
Jesus. Main things i took from that at this hour is that discovery hasn't taken place and this case is set to go into May 2020.
' The parties have discussed and considered entering into a stipulated ediscovery order, but at this point in time have not agreed on the terms of such a potential order.
The proposed discovery plan pursuant to Fed. R. Civ. P. 26(f) is as follows:
(a) following initial disclosures, the parties will mutually engage in written and
document discovery; (b) following initial exchanges of documents the parties will
meet and confer to determine what, if any, e-discovery may be required; (c) upon
completion of written, document, and e-discovery, the parties will conduct
depositions, commencing in early 2020; (d) fact discovery will cut-off on March
31, 2020; (e) expert discovery to be completed by May 15, 2020.
There are no identified discovery disputes at present.'
Not only that but FRR are looking to settle all disputes in an ADR process starting mid November and ending mid may 2020 but Hope currently is not interested:
'At present, Plaintiffs are willing to enter into informal settlement
negotiations pertaining to their claims in this action as well as a global resolution
of all disputes between and among Plaintiffs (and their affiliates and subsidiaries)
and Defendants (and their affiliates and subsidiaries). Plaintiffs believe that an
early settlement process may assist the parties in avoiding unnecessary expense in
this litigation. Plaintiffs believe that written discovery and deposition of Mr. Hope
will disclose key facts exposing Mr. Hope’s alleged breaches of duty, conflicts of
interest, and misrepresentation, which would likely impact the parties’ relative
settlement positions. Plaintiffs believe that the parties are required to participate in
ADR in good faith, and will be ready, willing, and able to participate in ADR, in
good faith, whenever Defendants are also ready, willing, and able to participate in
ADR, in good faith.
Defendants assert that, based on numerous failed settlement efforts in the
past, Defendants’ inability to gather basic operational and financial data from
Plaintiffs, and distrust/acrimony between the parties, including with respect to the
Cayman Islands Action, formal dispute resolution would not be productive and
would only delay final resolution of this case. Accordingly, Defendants are
presently opposed to ADR, but are aware of the Court’s local rules on the subject
and will participate in good faith ADR as may be ordered by the Court.'
Does Zaza know there is something to find or is it a very risky 'hunch'. By May the DOS will be up. Is this just truly noise?
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