Lincoln National Life Insurance Company v. Preimesberger et al

Filing 48

ORDER re 45 Proposed Settlement Agreement. Signed by Judge Gloria M. Navarro on 10/5/12. (Copies have been distributed pursuant to the NEF - EDS)

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UNITED STATES DISTRICT COURT

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DISTRICT OF NEVADA

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Lincoln National Life Insurance Company,
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Plaintiff,
vs.

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Kristi M. Preimesberger, et al.
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Defendants.

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Case No.: 2:11-cv-00152-GMN-RJJ
ORDER

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MINUTE ORDER IN CHAMBERS of the Honorable Judge Gloria M. Navarro, on

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10/5/2012. The Court approves the Settlement Agreement and the Court shall release to Kristi

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Preimesberger the sum of $200,000, in partial settlement of her claim to the death benefit.

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Upon satisfactory proof of an appropriate interest bearing trust having been opened on behalf of

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Ivy Preimesberger which specifically provides that any funds therein cannot be accessed until

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Ivy Preimesberger turns 18 years of age or by order of the court, the court shall release the sum

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of $250,000 to be deposited directly into the trust account, as full and final settlement of Ivy

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Preimesberger’s claim to the death benefit. The remaining sum of $50,000, along with any

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accrued interest, will be held by the court until a final agreement has been reached as to the

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payment of attorneys’ fees and litigation costs. Any remaining sum after the payment of

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attorneys' fees and litigation costs shall then be released to Kristi Preimesberger as full and final

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settlement of her claim to the death benefit.

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DATED this 5th day of October, 2012.
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Gloria M. Navarro
United States District Judge
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