Siegal et al v. Gamble et al

Filing 125

ORDER by Judge Richard Seeborg denying 43 Plaintiffs' Motion for Preliminary Approval of Class Settlement without Prejudice. (cl, COURT STAFF) (Filed on 9/28/2015)

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UNITED STATES DISTRICT COURT

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NORTHERN DISTRICT OF CALIFORNIA

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STEVEN SIEGAL, et al.,

Case No. 13-cv-03570-RS

Plaintiffs,
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United States District Court
Northern District of California

v.
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G. THOMAS GAMBLE, et al.,
Defendants.

ORDER DENYING PLAINTIFFS'
MOTION FOR PRELIMINARY
APPROVAL OF CLASS SETTLEMENT
WITHOUT PREJUDICE
Re: Dkt. No. 43

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The Plaintiffs and some of the defendants have reached a settlement agreement. The

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Plaintiffs filed a motion for preliminary approval of the class action settlement. There is, however,

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a parallel motion for preliminary approval of the very same proposed settlement in the U.S.

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Bankruptcy Court for the District of Delaware. To prevent unnecessary litigation, the parties have

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agreed that the proper course of action is to wait until the Bankruptcy Court rules on the motion

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for preliminary approval of class settlement. Thus, the Plaintiffs’ motion for preliminary approval

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is denied without prejudice. After the Bankruptcy Court issues its ruling, the Plaintiffs may file a

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renewed motion for preliminary approval of class action settlement.

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Dated: September 28, 2015

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________________________
RICHARD SEEBORG
United States District Judge