"Representatives for the companies did not immediately respond to RMD's requests for comment. A joint notice of settlement filed Thursday states that the agreement resolves all claims and causes of action. The parties executed a confidential binding term sheet on Jan. 28 that reflects the material terms of the deal. The Parties are currently in the process of finalizing a long-form settlement agreement, and anticipate that the long-form agreement will be fully executed by February 18, 2026."
"Earlier in the case proceedings, U.S. District Court Judge Dana M. Sabraw ruled in May 2025 that some of Longbridge's claims tied to its request for a preliminary injunction warranted limited relief, finding that the law and facts clearly favor some of Longbridge's claims. In June, the parties confirmed in a court filing that settlement discussions had occurred during a neutral evaluation conference with Magistrate Judge Valerie E. Torres."
Representatives for the companies did not immediately respond to RMD's requests for comment. A joint notice of settlement filed Thursday states that the agreement resolves all claims and causes of action. The parties executed a confidential binding term sheet on Jan. 28 that reflects the material terms of the deal. The parties are finalizing a long-form settlement agreement and anticipate it will be fully executed by February 18, 2026. The parties will file a Stipulation re Dismissal shortly after execution. The document is signed by attorneys for both sides. Earlier, Judge Dana M. Sabraw ruled in May 2025 that some Longbridge claims tied to a preliminary injunction warranted limited relief. In June, the parties confirmed settlement discussions occurred during a neutral evaluation conference with Magistrate Judge Valerie E. Torres, but that effort failed, marking a second unsuccessful settlement attempt following earlier negotiations.
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