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Endurance American Specialty Insurance Company v. Afa Financial Group

UNITED STATES DISTRICT COURT CENTRAL DISTRICT OF CALIFORNIA


March 27, 2012

ENDURANCE AMERICAN SPECIALTY INSURANCE COMPANY, CLAIMANT-PLAINTIFF,
v.
AFA FINANCIAL GROUP, LLC, ET AL. CLAIMANT-DEFENDANTS.

The opinion of the court was delivered by: Dale S. Fischer United States District Judge

JS 6

CC: FISCAL

ORDER APPROVING PAYMENT AND DISMISSING ACTION

Having considered the Joint Stipulation filed on March 26, 2012 by plaintiff Endurance American Specialty Insurance Company and defendants AFA Financial Group LLC, Rodney S. Palmer, and California Cotton Alliance, the Court orders the following:

1. In accordance with the terms of the parties' agreement, payment is authorized in the amount of $144,767.55, leaving $3,666,583.12 remaining under the Policy's aggregate limit.

2. The terms agreed to by the parties constitute a full and fair settlement of all claims concerning the California Cotton Claim and all other actual or potential counter-claims or cross-claims related thereto in this action.

3. There being no other claims to the insurance policy in dispute, this action is dismissed in its entirety. The parties shall pay their own attorneys' fees and costs. However, the Court shall retain jurisdiction to enforce the terms of the settlement agreement or as appropriate.

4. The Clerk is directed to enter this Order forthwith as the final judgment of the Court.

IT IS SO ORDERED

20120327

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