Mr. Leahy stated that Mr. and Mrs. Hill had already accepted his calderbank offer and that they were required to respect the terms of his offer. Mr. and Mrs. Hill felt that their agreement on Mr. Leahy`s offer was qualified by the words of principle, which meant that they had reached an agreement, but that they were not final. The agreement is now submitted to the SDNY District Court for review. If provisional leave is granted, the court notifies class members of the terms of the proposed transaction.
After considering possible objections and a hearing on the fairness of the proposed settlement, the Tribunal will decide whether or not to grant final approval. Mr. Leahy then asked the Court of Justice to make the “agreement in principle” valid and applicable. The agreement does not constitute an admission of misconduct or misconduct on the part of Petrobras. Petrobras expressly denies responsibility in the agreement. This reflects his status as a victim of the acts revealed by Operation Car Wash, as acknowledged by the Brazilian authorities, including the Supreme Court of Brazil. As a victim of the regime, Petrobras has already recovered R1.475 billion in restitution funds in Brazil and will continue to pursue all available remedies from companies and guilty individuals. As part of the new leases, Uniti and Windstream have agreed to merge the master leasing agreement into two structurally similar contracts to regulate Windstream`s ILEC and CLEC facilities. The new leasing agreements are Windstream Holdings, Windstream Services LLC and some of their newly created subsidiaries and/or subsidiaries. In that case, the purpose of negotiating a transaction agreement concerning a legal action brought by national Australian Bank Limited (NAB) against Mr. Sayed for the forfeiture of a debt and the holding of a property owned by the Sayeds and pledged to the NAB. At the end of October 2001, the Quebec government and the Grand Council signed an agreement in principle in which the Crees would drop $8 billion in complaints of alleged violation of the James Bay Northern Quebec agreement and give their blessing to a hydroelectricity project on the Rupert and Eastmain rivers (“The Cree turn the page,” The Montreal Gazette, October 25, 2001).
Petrobras announced that it has signed an agreement in principle to settle the group action against securities filed in the United States District Court for the Southern District of New York (“SDNY”). “It is human in nature, after an agreement in principle to settle a long-standing or bitterly disputed dispute, to blow emotionally. While this is a good thing, it is important not to be discouraged from focusing on documenting these regulations in a carefully crafted agreement. Indeed, as the complainant in zvi Construction v. Levy learned a few weeks ago that this could not leave his client in a situation where he is not able to get the fruit he rightly deserves. See also my legal blog “Ten Things You Need to Know as In-House Counsel” and my article on what in-house lawyers need to know about transaction agreements and make sure the litigation is truly closed. While we believe that the expectations expressed in such forward-looking statements are appropriate, we cannot guarantee that these expectations will prove to be correct. Important factors that could lead to actual results being significantly different from expectations are: the impact of the new coronavirus pandemic (COVID-19) and related economic issues on our operating results, financial conditions and outlook; The impact of economic conditions on the confidence and discretionary spending of our consumers or on our access to credit; additional or increased taxes and royalties; Public perception or lack of confidence in the integrity of our business or the deterioration of our reputation; Loss of key or highly skilled personnel restrictions on our debt facilities that limit our flexibility in the operation of our operations; general risks associated with real estate ownership, including fluctuations in market values and environmental rules; Catastrophic events and operating systems