Opinion
21-CV-1778 (JMF)
01-22-2024
STUART KROHNENGOLD et al., Plaintiffs, v. NEW YORK LIFE INSURANCE COMPANY et al., Defendants.
ORDER
JESSE M. FURMAN, United States District Judge:
By letter filed on January 22, 2024, see Docket No. 170, the Court has been advised that the parties in this action have reached a class-wide settlement in principle. No later than February 26, 2024, the parties shall file a motion for class certification and preliminary approval of the class-wide settlement. The motion papers shall include a copy of the parties' proposed settlement as well as a proposed schedule for notice to the class members, for class members to opt-out, for preliminary approval of the settlement, and for a fairness hearing, as well as a proposal for the manner in which class members will be notified. See generally Fed.R.Civ.P. 23(e). The parties shall also submit - as a separate entry on the docket and as a Word document submitted by email to Chambers at furmanNYSDChambers@nysd.uscourts.gov - a proposed order preliminarily approving the class-wide settlement, providing for notice, and scheduling a settlement fairness hearing.
In light of the parties' settlement in principle, all existing deadlines are adjourned sine die. Additionally, the pending motion for class certification, see ECF No. 115, is DENIED without prejudice to reinstatement in the event that the settlement is not consummated or approved. The Clerk of Court is directed to terminate ECF No. 115.
SO ORDERED.