Re: Avid Technology settles!
in response to
by
posted on
Feb 06, 2009 08:35AM
e.DIGITAL CORPORATION’S AND AVID TECHNOLOGY, INC.’S JOINT MOTION FOR PARTIAL STAY Plaintiff e.Digital Corporation (“e.Digital”) and Defendant Avid Technology, Inc. (“Avid”) hereby move for a partial stay, through March 16, 2009, of this action as it relates to the claims and counter-claims that e.Digital and Avid have asserted against each other. In support of this Joint Motion, e.Digital and Avid state as follows: 1. e.Digital and Avid have reached a settlement in principal of their dispute and they are negotiating the final terms of a settlement agreement. e.Digital and Avid expect to finalize the settlement agreement and file a joint dismissal of their claims and counter-claims against each other by March 16, 2009. 2. In light of the impending dismissal of e.Digital’s and Avid’s claims and counterclaims against each other, a stay is necessary to avoid the parties expending unnecessary costs and resources. 3. The granting of this Motion will not prejudice any party and is being sought in good faith and not for the purpose of delay or any other improper purpose. WHEREFORE, Plaintiff e.Digital Corporation and Defendant Avid Technology, Inc. respectfully request that the Court grant their Joint Motion for Partial Stay and enter the proposed order attached hereto. Respectfully and jointly submitted this 6th day of February, 2009, /s/ Matthew S. Yungwirth L. Norwood Jameson Matthew S. Yungwirth Duane Morris LLP 1180 West Peachtree St., # 700 Atlanta GA 30309-3448 Tel: 404.253.6900 Fax: 404.253.6901 wjameson@duanemorris.com msyungwirth@duanemorris.com Gary R. Maze Wesley W. Yuan Duane Morris LLP 3200 Southwest Freeway Ste 3150 Houston, TX 77027-7534 Tel.: 713.402.3900 Fax: 713.402.3901 grmaze@duanemorris.com wwyuan@duanemorris.com Michael C. Smith Siebman, Reynolds, Burg, Phillips & Smith, LLP – Marshall 713 South Washington Avenue Marshall, Texas 75670 Tel.: 903.938.8900 Fax: 972.767.4620 michaelsmith@siebman.com Attorneys for Plaintiff e.Digital Corporation /s/ Decker A. Cammack Michael Brett Johnson Thomas Howard Reger II Decker A. Cammack Fish & Richardson 1717 Main St. Suite 5000 Dallas, TX 75201 Tel: 214-747-5070 Fax: 214-747-2091 mbjohnson@fr.com reger@fr.com cammack@fr.com Attorneys for Defendant Avid Technology Inc.