The next few days...6 Apr 2023 02:21
As WHamBoy has been reminding us, some potentially crucial dates will soon be upon us.
In the FRC v Hope case (AKA the Cali Case) the court has mandated that the parties have until 10/4 to produce a Stipulation of Dismissal that means the deal has been formally concluded and the case is now moot.
As a reminder, FRC filed a motion 31/1 that that “the parties in this action (other than Plaintiff Frontera International Corporation), have reached a settlement in principle resolving all claims. Such parties will file a Stipulation for Dismissal upon execution of their settlement agreement.”
On 10/2 the court issued its Standby Order of Dismissal stating “The Court has been informed that a settlement has been reached between Plaintiff Frontera Resources Corporation and Defendants.” and setting out the filing deadline mentioned above.
There is nothing filed thus far to suggest matters have changed. Both parties do tend to take things to the wire when it comes to filings.
If they do fail to file, both parties must appear in court on 13/4 to explain why. The court will likely take a very dim view if either side reneges on an agreement.
In a related case, OMF v SN, a court mandated dated for submissions (24/2) on motions has come and gone without event. Neither party filed motions and the court has not, as far as can be seen, chased. Hopefully a sign that such submissions are no longer needed but we cannot be sure until we see further filings to that effect.
These are both Federal level cases, and, generally speaking, they tend to file and update records faster than county level courts. We do not have access to documents, federal or county, that are considered commercially sensitive.
Outside of these court actions, there should be a lobbying update filed around the middle of April.
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