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Gremlich

Updates to Crytek's lawsuit vs CIG

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7 hours ago, John Maynard said:

Does this mean there was no payment for settlement, or would that not be mentioned?

Usually the terms of an out-of-court settlement are under strict NDA so it is unlikely that we will ever see the specifics of the settlement agreement. All we know is that the case is going to be dismissed with prejudice (so can't be brought up ever again) and each side agreed to pay their own legal fees.

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I couldn't get the PDF of the Order just yet (as I don't want to buy it on Pacer) but here's the text version of the Order from the Judge as listed on PacerMonitor

ORDER RE DISMISSAL OF ACTION126 by Judge Dolly M. Gee. IT IS HEREBY ORDERED that: (1) The above-captioned action is dismissed with prejudice. (2) The parties are to bear their own respective attorneys' fees and costs. (lom)

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Here's the actual document containing the Judge's Order. :) 

 

Lastly CryTek is requesting that the Judge release the $500k bond

(guess their lawyers want to make sure that CryTek is going to pay their bills first and not run away with what little cash their company has left) :P

EDIT: Order by the Judge

ORDER RE SURETY FUNDS by Judge Dolly M. Gee: Upon Stipulation128 , IT IS HEREBY ORDERED that the $500,000.00 deposited by Plaintiff Crytek GmbH with the Clerk in lieu of a surety bond on 8/19/201985 shall be remitted and made payable to its counsel of record, Erise IP, P.A., Attn. Eric Buresh. (gk)

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