Guididas et al v. Community National Bank Corporation et al.

Filing 115

ORDER: The Joint Motion for Temporary Stay Pending Settlement Negotiations (Dkt. #114) is GRANTED. All of the proceedings in this case are hereby stayed until April 25, 2014. The parties shall file a Joint Status Report regarding the outcome of the settlement negotiations on or before April 26, 2014. Signed by Judge James S. Moody, Jr on 3/26/2014. (LN)

UNITED STATES DISTRICT COURT
MIDDLE DISTRICT OF FLORIDA
TAMPA DIVISION
FRANK R. GUIDIDAS, et al.,
Plaintiffs,
v.

Case No: 8:11-cv-2545-T-30TBM

COMMUNITY NATIONAL BANK
CORPORATION, ROGER L.
BALDINGER, JOSEPH R. KONDISKO,
ALLANA M. KONDISKO, WILLIAM G.
MCKELVEY, JEANNE W. MCKELVEY
and CHARLES K. GRAHAM,
Defendants.

ORDER
THIS CAUSE comes before the Court upon the Parties’ Joint Motion for Temporary
Stay Pending Settlement Negotiations (Dkt. #114). The parties have indicated that the
insurance policy applicable to the claims at issue in this litigation is a “wasting policy”
meaning that the monies spent by the insurer to defend the action depletes the policy limits
available for potentially settling the claims. Therefore, given the numerous discovery
motions pending at this time, the parties request a thirty (30) day stay of the proceedings
to continue settlement negotiations. Upon review and consideration, it is therefore
ORDERED AND ADJUDGED that:
1.

The Joint Motion for Temporary Stay Pending Settlement Negotiations (Dkt.
#114) is GRANTED.

2.

All of the proceedings in this case are hereby stayed until April 25, 2014.

3.

The parties shall file a Joint Status Report regarding the outcome of the
settlement negotiations on or before April 26, 2014.

DONE and ORDERED in Tampa, Florida, this 26th day of March, 2014.

Copies furnished to:
Counsel/Parties of Record
S:\Odd\2011\11-cv-2545 stay 114.docx

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