Branch Banking and Trust Company v. Approved Funding Corp.

Filing 28

ORDER granting 27 Motion to place this action on its inactive docket pending completion of settlement terms. Signed by District Judge Terrence W. Boyle on 8/30/2016. The instant case is REMOVED from the Court's active docket. If there is no furtheraction or update by the parties, the case will be dismissed with prejudice on October 31, 2019. (Romine, L.)

IN THE UNITED STATES DISTRICT COURT
FOR THE EASTERN DISTRICT OF NORTH CAROLINA
WESTERN DIVISION
No. 5:15-CV-109-BO
BRANCH BANKING AND TRUST
COMPANY,
Plaintiff,

)
)
)
)
v.
)
)
APPROVED FUNDING CORPORATION, )
Defendant.
)

ORDER

This matter is before the Court on the parties' joint motion to place the instant case on the
Court's inactive docket. [DE 27].
The parties inform the Court that they settled following mediation. Per the settlement
terms, defendant is to make periodic payments to plaintiff over the course of thirty-six (36)
months or, alternatively, a lump sum payment by July 1, 2017. Upon payment of the full
settlement amount, the parties will file a joint stipulation of dismissal with prejudice.
In light of the foregoing and for good cause shown, the Court hereby GRANTS the joint
motion [DE 27] and REMOVES the instant case from its active docket. If there is no further
action or update by the parties, the case will be dismissed with prejudice on October 31, 2019.

SO ORDERED, this~ day of

,f-~

'2016.