UNITED STATES DISTRICT COURT EASTERN DISTRICT OF CALIFORNIA
October 21, 2011
PATRIOT RAIL CORP.,
SIERRA RAILROAD COMPANY, A CALIFORNIA CORPORATION, DEFENDANT. AND RELATED COUNTERCLAIM.
The opinion of the court was delivered by: Morrison C. England, Jr. United States District Judge
Presently before the court is a motion (ECF No. 167) brought by Defendant and Counterclaimant Sierra Railroad Company ("Sierra") for a court order modifying the Protective Order in this matter, entered into the parties by stipulation on or about May 21, 2009. Having reviewed the papers submitted in support of and in opposition to that modification request, the Court believe that some change to the Protective Order is indicated for purposes of permitting certain due diligence disclosures in connection with ongoing acquisition negotiations between Sierra and a prospective purchaser, Iowa Pacific Holdings.
Given Plaintiff Patriot Rail Corporation's representation that is "remains amenable to discussing a modification that is tailored to allow disclosure of all pertinent information related to Sierra, while still protecting all of Patriot's confidential financial and proprietary information (Opp'n, 3:17-20), the Court will afford the parties fourteen (14) days after the date this Order is filed in order to reach a mutually acceptable revision of the Protective Order as it currently stands. The parties are directed to thereafter notify the Court as to whether a compromise has been reached. If no such agreement is forthcoming within the above-referenced time period, the Court will unilaterally make such changes to the Protective Order as it deems appropriate under the circumstances.
IT IS SO ORDERED.
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