UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): May 6, 2019
CONDUENT INCORPORATED
(Exact name of registrant as specified in its charter)
New York | 001-37817 | 81-2983623 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
100 Campus Drive, Suite 200
Florham Park, New Jersey
07932
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code: (844) 663-2638
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (CFR 240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered | ||||||
Common Stock, $0.01 par value |
CNDT | New York Stock Exchange |
Item 1.01. | Entry into a Material Definitive Agreement |
As previously reported, on February 18, 2019, Conduent Business Services, LLC (f/k/a Xerox Business Services, LLC), Conduent State Healthcare, LLC (f/k/a Xerox State Healthcare, LLC, f/k/a ACS State Healthcare, LLC), Conduent Incorporated (the Company and, collectively with the other defendants identified above, the Conduent Defendants) and Xerox Corporation (together with the Conduent Defendants, the Defendants) entered into a settlement agreement and release with the State of Texas, via the Texas Office of Attorney General (the State) in the 53rd Judicial District Court of Travis County, Texas related to claims alleged to have resulted from failures by the Defendants or Texas Medicaid & Healthcare Partnership to comply with obligations under two contracts between Conduent State Healthcare, LLC and the HHSC entered into in 2003 and 2010 (the State Action).
On May 6, 2019, the Defendants entered into the First Amendment to Settlement Agreement and Release between Defendants and the State (the Agreement). Pursuant to the terms of the Agreement, the amount paid to the State in full settlement of the State Action will be paid as follows: (1) $40,000,000 on or before April 15, 2019 (which the Conduent Defendants have already paid); (2) $77,971,000 on or before May 15, 2019 (the First Payment); and (3) $117,971,000.00 on or before January 15, 2020 (the Second Payment). In order to secure the Second Payment, the Conduent Defendants will provide bank issued letters of credit to the State in the full amount of the Second Payment (the LCs) which the State can present for payment to the issuing banks if the Company does not make the Second Payment. On the 91st day following receipt of the First Payment and the LCs, the State will file a dismissal with prejudice dismissing the State Action and fully release and discharge the Defendants.
A copy of the Agreement is filed as Exhibit 10.7(b) to this Current Report on Form 8-K and is incorporated herein by reference. The description of the Agreement does not purport to be a complete description and is qualified in its entirety by reference to the full text of the Agreement. Additional information about the lawsuit can be found under the caption Legal Proceedings in the Companys Annual Report on Form 10-K for the year ended December 31, 2018 as filed with the Securities and Exchange Commission on February 28, 2019.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit |
Description | |
10.7(b) | First Amendment to Settlement Agreement and Release dated May 6, 2019. |
Forward-Looking Statements
This Report and any exhibits to this Report may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The words anticipate, believe, estimate, expect, intend, will, should and similar expressions, as they relate to us, are intended to identify forward-looking statements. These statements reflect managements current beliefs, assumptions and expectations and are subject to a number of factors that may cause actual results to differ materially. Such factors include, but are not limited to: government appropriations and termination rights contained in our government contracts; our ability to renew commercial and government contracts awarded through competitive bidding processes; our ability to recover capital and other investments in connection with our contracts; our ability to attract and retain necessary technical personnel and qualified subcontractors; our ability to deliver on our contractual obligations properly and on time; competitive pressures; our significant indebtedness; changes in interest in outsourced business process services; our ability to obtain adequate pricing for our services and to improve our cost structure; claims of infringement of third-party intellectual property rights; the failure to comply with laws relating to individually identifiable information, and personal health information and laws relating to processing certain financial transactions, including payment card transactions and debit or credit card transactions; breaches of our information systems or security systems or any service interruptions; our ability to estimate the scope of work or the costs of performance in our contracts; our continuing emphasis on and shift toward technology-led digital transactions; customer decision-making cycles and lead time for customer commitments; our ability to collect our receivables for unbilled services; a decline in revenues from or a loss or failure of significant clients; fluctuations in our non-recurring revenue; our failure to maintain a satisfactory credit rating; our ability to attract and retain key employees; increases in the cost of telephone and data services or significant interruptions in such services; our failure to develop new service offerings; our ability to modernize our information technology infrastructure and consolidate data centers; our ability to comply with data security standards; our ability to receive dividends or other payments from our subsidiaries; changes in tax and other laws and regulations; changes in government regulation and economic, strategic, political and social conditions; changes in U.S. GAAP or other applicable accounting policies; and other factors that are set forth in the Risk Factors section, the Legal Proceedings section, the Managements Discussion and Analysis of Financial Condition and Results of Operations section and other sections in our 2018 Annual Report on Form 10-K, as well as in our Current Reports on Form 8-K filed with the Securities and Exchange Commission. Any forward-looking statements made by us in this report speak only as of the date on which they are made. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, subsequent events or otherwise.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CONDUENT INCORPORATED | ||||||
Date: May 6, 2019 | By: | /s/ J. Michael Peffer | ||||
J. Michael Peffer | ||||||
Secretary |
Exhibit 10.7(b)
FIRST AMENDMENT TO SETTLEMENT AGREEMENT AND RELEASE
WHEREAS, on February 18, 2019 (i) the State of Texas, (ii) the Texas Health and Human Services Commission (HHSC), and (iii) Xerox Corporation, Conduent Incorporated, Conduent Business Services, LLC, and Conduent State Healthcare, LLC (Conduent Healthcare) (collectively, DEFENDANTS) entered into their Settlement Agreement and Release (the Settlement Agreement and Release);
WHEREAS, on February 28, 2019 the CONDUENT DEFENDANTS paid the Initial Payment of $20,000,000 under Article III of the Settlement Agreement and Release;
WHEREAS, on April 15, 2019, the CONDUENT DEFENDANTS paid an additional payment of $20,000,000 under Article III of the Settlement Agreement and Release;
WHEREAS, the Parties to the Settlement Agreement and Release desire to amend and modify certain provisions of their Agreement, as detailed below;
WHEREAS, the Parties desire not to modify and desire to keep intact the balance of the terms of the Settlement Agreement and Release;
THEREFORE, the Parties agree:
I. | Terms not defined in this First Amendment To Settlement Agreement and Release shall have the meaning ascribed to those terms in the Settlement Agreement and Release. |
II. | Article III, Section C, of the Settlement Agreement and Release is hereby deleted in its entirety and replaced with the following: |
C. (i) The Settlement Amount shall be paid as follows: (a) $40,000,000 on or before April 15, 2019 (the Initial Payments) (which the CONDUENT DEFENDANTS have already paid); (b) $77,971,000 on or before May 15, 2019 (First Payment); and (c) $117,971,000 on or before January 15, 2020 (the Second Payment). In the event one of the preceding dates is a Saturday, Sunday, or a federal bank holiday, the payment will be due the following day that is not a Saturday, Sunday, or federal bank holiday. The above payments shall be made by wire transfer not later than 5:00 p.m. (Central Standard Time) on the date due in accordance with wiring instructions provided by the Office of the Attorney General of Texas.
(ii) (a) In order to secure the Second Payment, the CONDUENT DEFENDANTS shall provide to the STATE, contemporaneously with the execution of this First Amendment To Settlement Agreement and Release, one, two or three irrevocable, standby letter(s) of credit, from BNP Paribas (New York Branch), Bank of America (New York Branch) or Mizuho Bank Ltd. (New York Branch), or all three, that, in the aggregate, total $117,971,000 (individually or collectively hereinafter called the L/C). The L/C shall be in favor of and in the name of the State of Texas in the form of Exhibit A attached hereto; and (b) Within ninety one (91) calendar days
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after the CONDUENT DEFENDANTS make the Second Payment, the STATE shall return to the CONDUENT DEFENDANTS the original and any copies of the L/C and, at such time, the L/C shall terminate; provided that no voluntary or involuntary bankruptcy case has been commenced against any of the CONDUENT DEFENDANTS before that time.
III. | Article III, Section E, of the Settlement Agreement and Release is hereby amended by striking the words noted below from Article III, Section E, and adding the words in italicized font below: |
Within five (5) business days
after the Effective Date, the STATE and DEFENDANTS shall jointly file a Motion to Abate in the form agreed to by the Parties, requesting abatement of the State Action during the pendency of the payment schedule addressed in Section III(C) (which
the parties have already completed). In the event the CONDUENT DEFENDANTS fail to make the First Payment in a timely manner under the requirements of Section III(C) above, the STATE will provide notice as described in Section III(W) below
and provide DEFENDANTS thirty (30) days to cure (the Cure Period). In the event the failure to make such a payment the First Payment is not cured within the Cure Period, the STATE shall be permitted without
objection from DEFENDANTS to request that the court lift the abatement of the State Action, and in such event the provisions of the Settlement Agreement shall be without prejudice to the STATEs ability to amend its pleadings and pursue such
claims as the STATE deems advisable, giving appropriate credit for such amounts as may have been paid under this Settlement Agreement. In the event of a failure to make the Second Payment, the STATE shall be permitted without objection from
DEFENDANTS to present the L/C described in the amended language of Article III, Section C above to the issuing bank(s) for payment in full. Further, in the event that a voluntary or involuntary bankruptcy petition has been commenced against any of
the CONDUENT DEFENDANTS within 91 days of the CONDUENT DEFENDANTS making the Second Payment, the STATE shall be permitted without objection from DEFENDANTS to present the L/C described in the amended language of Article III, Section C above to the
issuing bank(s) for payment in full and the STATE shall pay back to the CONDUENT DEFENDANTS the amount of the Second Payment as being potential preferential payment under 11 U.S.C. § 547.
IV. | Article III, Section F, of the Settlement Agreement and Release is hereby deleted in its entirety and replaced with the following: |
On the 91st day following receipt of the First Payment and the L/C, the STATE and the DEFENDANTS shall jointly file a motion to lift the abatement currently entered in the State Action, in the form agreed to by the Parties, and the STATE shall file a dismissal with prejudice dismissing the State Action in the form attached hereto as Exhibit B.
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V. | Article III, Section G, of the Settlement Agreement and Release is hereby amended by striking the words noted below from Article III, Section G, and adding the words in italicized font below (and the remainder of such Section G remains unmodified): |
Subject to Paragraph H below and in exchange for the consideration described herein (including payment in full of the Settlement
Amount), the STATE, as of the expiration of the Preference Period following the earlier of (1) receipt by STATE of the First Payment and the expiration of the Preference Period as to the First Payment in
addition to being provided the L/C or(2) the full final payment of the Settlement Amount and the expiration of the Preference Period as to the Second Payment, whether as a result of payment under Paragraph C above, whether as a
result of Paragraph Q below, or as a result of any other means, shall fully and finally, and to the greatest extent allowed by law, release, discharge, and covenant not to sue, directly or indirectly, the RELEASED PARTIES or any of them for any
civil, regulatory, or administrative or other claim, action, suit, demand, right, cause of action, liability, judgment, damage, loss, or proceeding (including without limitation damages, attorneys fees, expert and consultant fees, fines,
penalties, costs, interest, and expenses of every kind and however denominated) that the STATE had, has, may have, has asserted, or could assert under any source of law, contract, in equity or other right, in any manner arising from or related to
the Covered Conduct, including without limitation those under contract, tort, fraud, misrepresentation, and/or the TMFPA. Nothing herein, however, shall prejudice or otherwise limit the STATES right to enforce the terms of this Settlement
Agreement and Release.
VI. | Article III, Section I, of the Settlement Agreement and Release is hereby amended by striking the words noted below from Article III, Section I and adding the words in italicized font below: |
DEFENDANTS, as of the
expiration of the Preference Period following the final payment of the Settlement Amount, whether as a result of payment under Paragraph C above, whether as a result of Paragraph Q below, or as a result of any other means, at the time
the release of the DEFENDANTS as set forth in Article III, Section G, becomes effective, shall fully and finally, and to the greatest extent allowed by law, release the STATE from any claims based on events occurring before the Effective Date
(including attorneys fees, costs, and expenses of every kind and however denominated) which DEFENDANTS have asserted, could assert, or may assert in the future against the STATE, arising from the Covered Conduct and the STATEs
investigation and prosecution of that conduct.
VII. | Except as expressly amended in this First Amendment To Settlement Agreement and Release, the Settlement Agreement and Release remain unamended, changed, or modified. |
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EXHIBIT A
[Form of Letter of Credit For BNP Paribas (New York Branch), Mizuho Bank Ltd. (New York Branch) and Bank of America (New York Branch) ]
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Irrevocable Standby Letter of Credit No.
Issue Date: April --, 2019
Beneficiary:
Office of the Texas Attorney General (The State)
Attn: Darren McCarty
Price Daniel Building
209 W. 14th Street, Eighth Floor
Austin, TX 78701
Applicants:
Conduent Business Services, LLC
Conduent State Healthcare LLC
100 Campus Drive, Suite 200
Florham Park, New Jersey 07932
Amount: US$35,000,000 (Thirty-Five Million and 00/100 US Dollars)
Expiry Date: April 16, 2020
We, BNP Paribas, acting through its New York branch, have established this Irrevocable Letter of Credit No. in your favor for at the request of Conduent Business Services, LLC and Conduent State Healthcare LLC (collectively Applicants) in the amount of US$35,000,000 (Thirty-Five Million and 00/100 US Dollars), effective immediately and expiring with our close of business on April 16, 2020.
This Letter of Credit is being issued to cover the Applicants payment obligations under that certain Settlement Agreement and Release dated February 18, 2019 by and among (i) the State of Texas, (ii) the Texas Health and Human Services Commission (HHSC), and (iii) Xerox Corporation, Conduent Incorporated, Conduent Business Services, LLC, and Conduent State Healthcare, LLC. dated February 18, 2019 (Agreement), as amended by the First Amendment To The Settlement and Release dated April , 2019 (the Amendment).
Funds under this Letter of Credit are available to you upon presentation to us your sight draft(s) drawn on BNP Paribas referencing our Letter of Credit No. , accompanied by the following required documents:
1. Your dated statement signed by an authorized signer of the Beneficiary stating the following:
I (State Name And Title) hereby certify that I am an attorney in the Office of the Texas Attorney General authorized to execute this statement and demand payment of $35,000,000 (Thirty-Five Million Dollars) under BNP Paribas Standby Letter of Credit No. . I further certify that the State is entitled to payment under this Letter of Credit in Accordance with the Agreement and Amendment.
2. Original Letter of Credit and all amendments, if any.
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Except as stated herein, this undertaking is not subject to any condition or qualification. Our obligation under this Letter of Credit shall be our individual obligation, in no way contingent upon reimbursement with respect thereto.
All drafts must be marked: Drawn under BNP Paribas Letter of Credit No. dated April , 2019.
We hereby engage with you that all documents presented in compliance with the terms and conditions of this Letter of Credit will be duly honored by us upon presentation at our office located at
BNP Paribas
c/o BNP Paribas RCC, Inc.
Newport Tower Suite 188
525 Washington Blvd.
Jersey City, NJ 07310
Attn: Trade Finance Services
on or prior to our close of business (5 P.M. New York City Time) on the Expiry date.
This Letter of Credit is subject to the Uniform Customs and Practice for Documentary Credits (2007 Revision), International Chamber of Commerce, Publication No. 600 (the UCP). This Letter of Credit shall be deemed to have been made under the Laws of the State of New York and shall, as to matter not governed by UCP, be governed by and construed in accordance with the Laws of said State.
Certain administrative services for BNP Paribas may be provided by BNP Paribas RCC, Inc., BNP Paribas, through its Canada Branch, or any direct or indirect majority owned subsidiary of BNP Paribas.
BNP PARIBAS | ||||||||||
BY: BNP PARIBAS RCC, INC., AS AUTHORIZED AGENT | ||||||||||
BY: |
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BY: |
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|||||||
AUTHORIZED SIGNATURE | AUTHORIZED SIGNATURE |
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Irrevocable Standby Letter of Credit No.
Issue Date: April --, 2019
Beneficiary:
Office of the Texas Attorney General
Attn: Darren McCarty
Price Daniel Building
209 W. 14th Street, Eighth Floor
Austin, TX 78701
Applicants:
Conduent Business Services, LLC
Conduent State Healthcare LLC
100 Campus Drive, Suite 200
Florham Park, New Jersey 07932
Amount: US$47,000,000 (Forty-Seven Million U.S. Dollars)
Expiry Date: April 16, 2020
We, Mizuho Bank, Ltd., have established this Irrevocable Letter of Credit No. in your favor for the account of Conduent Business Services, LLC and Conduent State Healthcare LLC (collectively, Applicants) in the amount of US$47,000,000 (Forty-Seven Million U.S. Dollars), effective immediately and expiring with our close of business on April 16, 2020.
Applicants have advised that this Letter of Credit is being issued to cover the Applicants payment obligations under that certain Settlement Agreement and Release dated February 18, 2019 by and among (i) the State of Texas, (ii) the Texas Health and Human Services Commission (HHSC), and (iii) Xerox Corporation, Conduent Incorporated, Conduent Business Services, LLC, and Conduent State Healthcare, LLC. dated February 18, 2019 (Agreement), as amended by the First Amendment To The Settlement and Release dated April , 2019 (the Amendment).
Funds under this Letter of Credit are available to you upon presentation to us your sight draft(s) drawn on Mizuho Bank, Ltd. referencing our Letter of Credit No. , accompanied by the following required documents:
1. Your dated statement purportedly signed by an authorized signer of the Beneficiary stating the following:
I (State Name And Title) hereby certify that I am an attorney in the Office of the Texas Attorney General authorized to execute this statement and demand payment of US$47,000,000 (Forty-Seven Million U.S. Dollars) under Mizuho Bank, Ltd. Standby Letter of Credit No. . I further certify that the State is entitled to payment under this Letter of Credit in Accordance with the Agreement and Amendment.
2. Original Letter of Credit and all amendments, if any.
Except as stated herein, this undertaking is not subject to any condition or qualification. Our obligation under this Letter of Credit shall be our individual obligation, in no way contingent upon reimbursement with respect thereto.
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All drafts must be marked: Drawn under Mizuho Bank, Ltd. Letter of Credit No. dated April , 2019.
We hereby engage with you that all documents presented in compliance with the terms and conditions of this Letter of Credit will be duly honored by us upon presentation at our office located at
Mizuho Bank, Ltd.
Harborside Financial Center
1800 Plaza Ten
Jersey City, NJ 07311-4098
Attn: Trade Finance Section
on or prior to our close of business (5 P.M. New York City Time) on the Expiry date.
This Letter of Credit is subject to the Uniform Customs and Practice for Documentary Credits (2007 Revision), International Chamber of Commerce, Publication No. 600 (the UCP). This Letter of Credit shall be deemed to have been made under the Laws of the State of New York and shall, as to matter not governed by UCP, be governed by and construed in accordance with the Laws of said State.
Very truly yours, |
Mizuho Bank, Ltd. |
|
Authorized Signatory |
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Irrevocable Standby Letter of Credit No .
Issue Date: April -- 2019
Beneficiary:
State Of Texas
Office of the Attorney General of Texas
P.O. Box 12548
Austin, Texas 78711-2548
Applicants:
Conduent Business Services LLC
Conduent State Healthcare LLC
100 Campus Drive
Suite 200
Florham Park, New Jersey 079032
Amount: $35,971,000 (Thirty-Five Million Nine Hundred Seventy-One Thousand Dollars)
Expiry Date: April 16, 2020
We, Bank of America, NA have established this Irrevocable Letter of Credit No. in your favor for the account of Conduent Incorporated and Conduent State Healthcare LLC (collectively Applicant) in the amount of $35,971,000 (Thirty-Five Million Nine Hundred Seventy-One Thousand Dollars), effective immediately and expiring with our close of business on April 16, 2020.
This Letter of Credit is being issued to cover the Applicants payment obligations under that certain Settlement Agreement and Release dated February 18, 2019 by and among (i) the State of Texas, (ii) the Texas Health and Human Services Commission (HHSC), and (iii) Xerox Corporation, Conduent Incorporated, Conduent Business Services, LLC, and Conduent State Healthcare, LLC. dated February 18, 2019 (Agreement), as amended by the First Amendment To The Settlement and Release dated April , 2019 (the Amendment).
Funds under this Letter of Credit are available to you upon presentation to us your sight draft(s) drawn on Bank of America, NA referencing our Letter of Credit No. , accompanied by the following required documents:
1. Your dated statement signed by an authorized signer of the Beneficiary stating the following:
I (State Name And Title) hereby certify that I am an attorney in the Office of the Texas Attorney General authorized to execute this statement and demand payment of [Curr][ Amount in numbers][(Amount in words)] under Bank of America, NA Standby Letter of Credit No. . I further certify that the State is entitled to payment under this Letter of Credit in Accordance with the Agreement and Amendment.
2. Original Letter of Credit and all amendments, if any.
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Except as stated herein, this undertaking is not subject to any condition or qualification. Our obligation under this Letter of Credit shall be our individual obligation, in no way contingent upon reimbursement with respect thereto.
All drafts must be marked: Drawn under Bank of America, NA Letter of Credit No. dated April , 2019.
We hereby engage with you that all documents presented in compliance with the terms and conditions of this Letter of Credit will be duly honored by us upon presentation at our office located at Bank of America, NA on or prior to our close of business (5 P.M. New York City Time) on the Expiry date.
This Letter of Credit is subject to the Uniform Customs and Practice for Documentary Credits (2007 Revision), International Chamber of Commerce, Publication No. 600 (the UCP). This Letter of Credit shall be deemed to have been made under the Laws of the State of New York and shall, as to matter not governed by UCP, be governed by and construed in accordance with the Laws of said State.
Very truly yours, |
Bank of America, NA |
|
Authorized Signatory |
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Exhibit B
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CAUSE NO. D-1-GV-14-000581
THE STATE OF TEXAS,
Plaintiff,
v.
XEROX CORPORATION, et al.,
Defendants, |
§ § § § § § § § § |
IN THE DISTRICT COURT OF
TRAVIS COUNTY, TEXAS
53RD JUDICIAL DISTRICT |
THE STATES UNOPPOSED MOTION TO DISMISS WITH PREJUDICE
TO THE HONORABLE COURT:
COMES NOW Plaintiff The State of Texas and hereby moves for an order dismissing with prejudice all of its claims against all defendants in the above-captioned matter.
Pursuant to a Settlement Agreement and Release dated February 18, 2019 between (i) the State of Texas, (ii) the Texas Health and Human Services Commission, and (iii) Xerox Corporation, Conduent Incorporated, Conduent Business Services, LLC, and Conduent State Healthcare, LLC, as amended, the Parties have fully and finally settled all claims in the above-captioned matter. As a result, the State requests entry of the attached proposed order.
Respectfully submitted,
[SIGNATURE BLOCK]
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CAUSE NO. D-1-GV-14-000581
THE STATE OF TEXAS,
Plaintiff,
v.
XEROX CORPORATION, et al.,
Defendants, |
§ § § § § § § § § |
IN THE DISTRICT COURT OF
TRAVIS COUNTY, TEXAS
53RD JUDICIAL DISTRICT |
ORDER OF DISMISSAL WITH PREJUDICE
Before the Court is the unopposed motion to dismiss with prejudice filed by Plaintiff The State of Texas. Having considered the motion, the applicable law, and the case file as a whole, the Court now enters the following orders:
IT IS ORDERED, ADJUDGED, AND DECREED that the Plaintiffs unopposed motion to dismiss with prejudice is GRANTED;
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendants shall not have any responsibility to pay any amounts under this or any later order or in this action regarding relators or other third parties who seek recovery of proceeds of the settlement between Plaintiff and defendants, whether in the form of fees, costs, or otherwise.
IT IS FINALLY ORDERED, ADJUDGED, AND DECREED that this case is DISMISSED WITH PREJUDICE, with each party to bear its own costs. This is a final judgment.
SIGNED this day of May 2019.
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JUDGE PRESIDING |
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