Employers Fire Insurance Company v. Basic Food Flavors, Inc.

Filing 90

ORDER Approving Settlement. Case terminated. Signed by Judge James C. Mahan on 6/11/12. (Copies have been distributed pursuant to the NEF - ECS)

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JOSEPH P. GARIN, ESQ.
Nevada Bar No. 6653
STEPHEN G. KEIM, ESQ.
Nevada Bar No. 11621
LIPSON, NEILSON, COLE, SELTZER, GARIN, P.C.
9080 West Post Road, Suite 100
Las Vegas, NV 89148
Telephone: [phone]
Facsimile: [phone]
[e-mail]
Attorneys for BASIC FOOD FLAVORS, INC.

9080 West Post Road, Suite 100
Las Vegas, NV 89148
[phone]

Lipson, Neilson, Cole, Seltzer & Garin, P.C.

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UNITED STATES DISTRICT COURT

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DISTRICT OF NEVADA

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* * *
)
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)
Plaintiff/ Counter-Defendant, )
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vs.
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BASIC FOOD FLAVORS, INC.
)
Defendant/Counter-Claimant. )
__________________________________ )
EMPLOYERS FIRE INSURANCE
COMPANY

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Case No.: 2:10-cv-001109-JCM-VCF

ORDER APPROVING SETTLEMENT

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Pursuant to the June 5, 2012 Order [Doc. No. 88] affirming the report and

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recommendation of the Magistrate Judge granting the approval of the Settlement Agreement

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and no objections being filed; good cause appearing,

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THE COURT HEREBY ORDERS AS FOLLOWS:

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1.

The Court FINDS that the Basic Food Flavors, Inc. and Employers Fire

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Insurance Company HVP Claims Settlement Agreement (the “Agreement”) is fair and

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reasonable;

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2.

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The Court hereby ORDERS that the Agreement is APPROVED;

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3.

The Court further ORDERS that, upon Employers Fire Insurance Company’s

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satisfaction of its obligations to make payments under Section V of the Agreement, Employers

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Fire Insurance Company shall be deemed to have purchased any and all interests of Basic

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Food Flavors, Inc. and/or any Participating Claimants (as defined in the Agreement) in the

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insurance policy that is the subject of this Action (Policy No. 713-00-93-03-0000, having a term

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from September 1, 2009 to September 1, 2010), and the potentially applicable of limits of such

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insurance policy shall be deemed fully exhausted; and,

9080 West Post Road, Suite 100
Las Vegas, NV 89148
[phone]

Lipson, Neilson, Cole, Seltzer & Garin, P.C.

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4.

The Court shall retain jurisdiction to resolve any disagreements arising under or

with respect to the Agreement or this Order.
11th
Dated this ____ day of June, 2012.

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____________________________________
U.S. DISTRICT JUDGE

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Respectfully submitted by:
LIPSON NEILSON COLE SELTZER & GARIN, P.C.

By:

G
Joseph P. Garin, Esq. (NV Bar # 6653)
Stephen G. Keim, Esq. (NV Bar #11621)
9080 West Post Road, Suite 100
Las Vegas, Nevada 89148
Attorneys for Defendant/Counter-Claimant
Basic Food Flavors, Inc.

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