Reynoso et al v. Norman's Cay Group LLC et al, No. 1:2015cv01352 - Document 18 (S.D.N.Y. 2015)

Court Description: OPINION & ORDER: In light of this ruling, the parties may proceed in one of the three following ways: 1. The parties may file a revised agreement by December 9, 2015, that addresses the concerns expressed in this order. The parties also shall file a joint letter that (1) describes the bona tides of the dispute and identifies and explains the amount that plaintiff could receive if he prevails at trial, and (2) explains why the settlement amount and the portion of the settlement a llocated to attorneys' fees are fair and reasonable. Plaintiff's counsel also shall submit contemporaneous time records, and information regarding the hourly rate for all attorneys and support staff who have worked on this case; or 2. T he parties may file a joint letter by December 9, 2015, indicating their intention to abandon the settlement and to continue litigating this matter; or 3. The parties may stipulate to a dismissal of this case without prejudice, as such settlements do not require Court approval. See Cheeks, 796 F.3d at 201 n. 2. (As further set forth in this Order) (Signed by Judge Paul A. Engelmayer on 11/23/2015) (kl)