Patriarch Partners Management Group, LLC v. FSAR Holdings, Inc.

S.D. New York

Patriarch Partners Management Group, LLC v. FSAR Holdings, Inc.

DecidedDecember 9, 2021

Docket1:20-cv-06814

StatusUnknown

This text of Patriarch Partners Management Group, LLC v. FSAR Holdings, Inc. (Patriarch Partners Management Group, LLC v. FSAR Holdings, Inc.) is published on Counsel Stack Legal Research, covering District Court, S.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Patriarch Partners Management Group, LLC v. FSAR Holdings, Inc., (S.D.N.Y. 2021).

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UNITED STATES DISTRICT COURT USDC SDNY SOUTHERN DISTRICT OF NEW YORK DOCUMENT PATRIARCH PARTNERS MANAGEMENT Be A UM hehe □□□ GROUP, LLC, ET AL., DATE FILED: 12/9/2021 Plaintiffs, 20-cv-06814 (ALC) -against- ORDER FSAR HOLDINGS, INC, ET AL., Defendants. ANDREW L. CARTER, JR., United States District Judge: The Court is in receipt of Plaintiffs’ Notice of Voluntary Dismissal dated December 7, 2021. This action is subject to the automatic stay entered in Jn re Zohar III, Corp., et al., Case No. 18-10512 (KBO) (Bankr. D. Del). However, the “unilateral dismissal of a claim against a bankrupt under Fed. R. Civ. P. 41 or its equivalent by agreement and judicial approval assists rather than interferes with the goals of Chapter 11.” Chase Manhattan Bank, N.A. v. Celotex Corp., 852 F. Supp. 226, 228 (S.D.N.Y. 1994) (citing Jn re Terio, 158 B.R. 907 (S.D.N.Y. 1993), aff'd, Dkt No 93-5099, 5100 (2d Cir. April 25, 1994)). Accordingly, pursuant to Rule 41(a)(1) of the Federal Rules of Civil Procedure, Plaintiffs’ voluntary dismissal of the above-captioned action, without prejudice and without costs, ECF No. 18, is GRANTED.

SO ORDERED. Dated: | December 9, 2021 [Aydt (es New York, New York ANDREW CARTER, JR. United States District Judge

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UNITED STATES DISTRICT COURT USDC SDNY SOUTHERN DISTRICT OF NEW YORK DOCUMENT PATRIARCH PARTNERS MANAGEMENT Be A UM hehe □□□ GROUP, LLC, ET AL., DATE FILED: 12/9/2021 Plaintiffs, 20-cv-06814 (ALC) -against- ORDER FSAR HOLDINGS, INC, ET AL., Defendants. ANDREW L. CARTER, JR., United States District Judge: The Court is in receipt of Plaintiffs’ Notice of Voluntary Dismissal dated December 7, 2021. This action is subject to the automatic stay entered in Jn re Zohar III, Corp., et al., Case No. 18-10512 (KBO) (Bankr. D. Del). However, the “unilateral dismissal of a claim against a bankrupt under Fed. R. Civ. P. 41 or its equivalent by agreement and judicial approval assists rather than interferes with the goals of Chapter 11.” Chase Manhattan Bank, N.A. v. Celotex Corp., 852 F. Supp. 226, 228 (S.D.N.Y. 1994) (citing Jn re Terio, 158 B.R. 907 (S.D.N.Y. 1993), aff'd, Dkt No 93-5099, 5100 (2d Cir. April 25, 1994)). Accordingly, pursuant to Rule 41(a)(1) of the Federal Rules of Civil Procedure, Plaintiffs’ voluntary dismissal of the above-captioned action, without prejudice and without costs, ECF No. 18, is GRANTED.

SO ORDERED. Dated: | December 9, 2021 [Aydt (es New York, New York ANDREW CARTER, JR. United States District Judge

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Patriarch Partners Management Group, LLC v. FSAR Holdings, Inc., Counsel Stack Legal Research, https://law.counselstack.com/opinion/patriarch-partners-management-group-llc-v-fsar-holdings-inc-nysd-2021.

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