Settlement Agreement between 625 Milwaukee, LLC, Aviad Investments, Inc. and Switch & Data Facilities Company, LLC, Inc.

Summary

This agreement settles a lawsuit between 625 Milwaukee, LLC and Aviad Investments, Inc. (plaintiffs) and Switch & Data Facilities Company, LLC and Inc. (defendants). The defendants will pay $850,000 to the plaintiffs' counsel within 20 days, after which the plaintiffs will provide a general release. The case will be dismissed with prejudice, with each party covering its own legal costs and sharing mediation fees. The settlement amount and terms must remain confidential, disclosed only to the plaintiffs' control group.

EX-10.1 2 dex101.htm SETTLEMENT AGREEMENT Settlement Agreement

Exhibit 10.1

UNITED STATES DISTRICT COURT

FOR THE EASTERN DISTRICT OF WISCONSIN

625 MILWAUKEE, LLC and

AVIAD INVESTMENTS, INC.,

Plaintiffs,

 

V.    Case No. 06-C-727
   Hon. Charles N. Clevert, Jr.

SWITCH & DATA FACILITIES COMPANY,

LLC and SWITCH & DATA FACILITIES

COMPANY, INC.

Defendants.

__________________________________/

SETTLEMENT AGREEMENT

The parties agree:

1. The above-captioned case shall be dismissed with prejudice, each party to bear its own costs and attorney fees. Each side agrees to pay equally its share of the mediation fee.

2. Within 20 days hereof Defendants Switch & Data Facilities Company, LLC and Switch & Data Facilities Company, Inc. shall pay to the Trust Account of Modesett Williams, PLLC, counsel for Plaintiffs 625 Milwaukee, LLC and Aviad Investments, Inc. the total amount of $850,000.00. Prior to the disbursement of the funds from the Trust Account, Plaintiffs will execute and deliver to Defendants’ counsel an appropriate general release from the named Plaintiffs in a form reasonably satisfactory to the parties. Defendants’ counsel will undertake the first draft of the release and dismissal documents. Plaintiffs agree to keep confidential the amount and terms of settlement and not to publicize same beyond the control group of the two Plaintiffs.


Done May 4, 2009 in Tampa, Florida.

 

/s/ Peter J. Grilli

Peter J. Grilli, Esquire
Florida Bar No. 237851
Mediator
Peter J. Grilli, P.A.
3001 West Azeele St.
Tampa, Florida 33609
813 ###-###-####        FAX: 813 ###-###-####

 

/s/ Reuben Taub

Representative for Plaintiff 625 Milwaukee, LLC and Aviad Investments, Inc.

/s/ Walter Williams

Counsel for Plaintiffs

/s/ John Thomas

Counsel for Plaintiffs

/s/ Clay Mynard

Representative for Defendants Switch & Data Facilities Company,
LLC and Switch and Data Facilities Company, Inc.

/s/ Peter J. Stone

Counsel for Defendants Switch & Data Facilities Company, LLC