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CIT GROUP v. M/Y ESCAPE HATCH
September 16, 2005.
THE CIT GROUP Plaintiff,
v.
M/Y ESCAPE HATCH, O.N. 1074877, its engines, tackle, apparel, freights, etc. Defendant in rem, and JOHN W. HATCH, IN ADMIRALTY, Defendant in personam.
The opinion of the court was delivered by: DONETTA AMBROSE, District Judge
STIPULATION AND CONSENT ORDER TO STAY APPLICATION FOR ENTRY OF
DEFAULT JUDGMENT
WHEREAS, the defendant John W. Hatch has not appeared to answer
the Complaint against him, in personam, and;
WHEREAS, plaintiff The CIT Corp. ("CIT"), and defendant John W.
Hatch are engaged in discussions to attempt to resolve the
disputes and claims between them on an amicable basis without the
need for further litigation but have not yet reached an
agreement.
Now, therefore, plaintiff CIT, by and through its attorneys,
hereby stipulates that any application for entry of a default or
a judgment by default against defendant John W. Hatch shall be
held in abeyance for an additional period of sixty (60) to permit
the parties to pursue further discussions, and Plaintiff CIT respectfully requests this Honorable Court to
approve this Stipulation as a Consent Order, to stay the action
for a period of sixty (60) days, to retain jurisdiction over the
action and to permit the plaintiff CIT to reopen the action
within sixty (60) days if no settlement is consummated.
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