ULTRA STEAK, INC. v. PHILADELPHIA INDEMNITY INSURANCE COMPANY, No. 1:2014cv01829 - Document 58 (S.D. Ind. 2016)

Court Description: ENTRY GRANTING MOTION TO STAY PROCEEDINGS - On May 26, 2017, the parties filed a Joint Motion to Stay Proceedings. (Filing No. 57.) In their joint motion to stay, the parties indicate that they are pursuing settlement and, therefore, want to avoid incurring additional costs in this action. (Id. at 2.) In particular, the parties wish to stay briefing on the pending cross motions for summary judgment. The Court GRANTS the parties' joint motion and stays the proceedings until September 1, 2016. Rather than stay briefing on the pending summary judgment motions indefinitely, the Court DENIES WITHOUT PREJUDICE the parties' cross motions for summary judgment. (Filing No. 40; Filing No. 43.) Should the parties fail to reach a settl ement agreement by September 1, 2016, either party may file a motion to lift the stay and refile their motion for summary judgment. As these proceedings are temporarily stayed, the Court vacates the October 12, 2016 final pretrial conference, and the October 31, 2016 bench trial. Signed by Judge Tanya Walton Pratt on 5/31/2016. (JLS)