USA, et al v. Vertac Chemical Corp, et al
ORDER directing the parties to sign the settlement agreement and close the real estate transactions by May 31, 2013. The Court further orders the Receiver to file his final petition on all loose ends by June 11, 2013. The Receiver's appointment is extended to July 3, 2013. Any party who misses any of these ddls without seeking and getting prior Court approval must show why some sanction would not be appropriate. Signed by Judge D. P. Marshall Jr. on 5/8/13. (kpr)
IN THE UNITED STATES DISTRICT COURT
EASTERN DISTRICT OF ARKANSAS
UNITED STATES OF AMERICA, et al.
VERTAC CHEMICAL CORPORATION, et al.
The Court is a bit bewildered. Hercules's 30 April 2013 notice of
conforming changes to the settlement agreement, NQ 2657, is appreciated.
These modest and clarifying revisions were needed. They're all approved.
And the Court thanks the parties for seeking, out of an abundance of caution,
Court approval of them. But we have again fallen behind schedule. The
Court's March 28th Order was plain: the settlement agreement was supposed
to be finalized and signed, and the real estate transactions closed, as soon as
possible; and notice of completion of both had to be filed by 30 April2013. NQ
2648 at 4-5. What happened?
In any event, it is time to sprint across the finish line. The Court orders
the parties to sign the settlement agreement and close the real estate
transactions by 31 May 2013. The Court orders the Receiver to file his final
petition on all loose ends by 11 June 2013. The Receiver's appointment must
now be, and is, extended to 3 July 2013. Any party who misses any of these
deadlines without seeking and getting prior Court approval before a deadline
must show cause why some sanction would not be appropriate in the
D.P. Marshall Jr.
United States District Judge
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