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- ilnd;;1:12-cv-08040_de17 RegisterActionDate "2013-05-02" @default.
- ilnd;;1:12-cv-08040_de17 RegisterActionDescriptionText "MINUTE entry before Honorable Jeffrey Cole:Settlement conference held. The parties agreed on all material terms of a settlement and the case is settled. The parties have consented here. The parties agreed that contract formation occurred today and that there was a binding settlement agreement today even though it contemplated a future written document. Consequently, the execution of the contemplated agreement is not a condition precedent to contract formation. See PFT Roberson, Inc. v. Volvo Trucks North America, Inc., 420 F.3d 728, 731 (7th Cir.2005); Quake Construction, Inc. v. American Airlines, 141 Ill.2d 281 (1990); Loop Paper Recycling, Inc. v. JC Horizon Ltd., 2010 WL 1655254 (N.D.Ill. 2010). The parties should feel free to contact chambers should any issues arising in the course of drafting the agreement. The parties should contact chambers after the obligations of the parties have been fulfilled and I will dismiss the case with prejudice with each party to bear their own costs and fees. I want to express my deep appreciation to the parties and their lawyers for the extraordinary degree of professionalism and common sense exhibited at the conference today. All matters relating to the referral of this case having been resolved, the case is returned to the district judge. Judge Honorable Jeffrey Cole no longer referred to the case.Mailed notice (jms, ) (Entered: 05/02/2013)" @default.
- ilnd;;1:12-cv-08040_de17 AdministrativeID "16" @default.
- ilnd;;1:12-cv-08040_de17 OntologyLabel dispositive @default.
- ilnd;;1:12-cv-08040_de17 OntologyLabel minute_entry @default.
- ilnd;;1:12-cv-08040_de17 OntologyLabel settlement @default.