Free Letter - District Court of Delaware - Delaware

Case 1:04-cv-01516-KAJ

Document 80

Filed 01/26/2006

Page 1 of 1

FIRM and AFFILIATE OFFICES NEW YORK LONDON CHICAGO HOUSTON PHILADELPHIA

MATT NEIDERMAN DIRECT DIAL: 302.657.4920 E-MAIL: [email protected] www.duanemorris.com

SAN DIEGO SAN FRANCISCO BOSTON WASHINGTON, DC ATLANTA MIAMI PITTSBURGH NEWARK ALLENTOWN WILMINGTON HARRISBURG PRINCETON WESTCHESTER

January 26, 2006 BY E-FILING The Honorable Kent A. Jordan United States District Court 844 North King Street Wilmington, DE 19801 Re: Money Centers of America, Inc., et al. v. Howard Regen., et al. District of Delaware, Civil No. 04 -1516 - KAJ

Dear Judge Jordan: We write to update Your Honor on the status of the remaining disputes in the referenced matter. The parties have reached an agreement in principal for resolution of their differences regarding the payment of outstanding attorneys' fees. The parties expect to execute a written agreement memorializing the settlement by tomorrow, January 27, 2006. However, one key provision of the parties' agreement requires Mr. Regen to make a cash payment to Plaintiffs on or before February 10, 2006, and Mr. Regen's failure to timely make that payment nullifies and voids the agreement. Plaintiffs therefore respectfully request that the Court hold this matter open until February 13, 2006, at which time Plaintiffs will advise the Court that either the matter has been finally resolved or that Plaintiffs will press forward with their attempts to collect payment through judicial means. We are available at the Court's convenience should Your Honor have any questions. Respectfully,

/s/ Matt Neiderman Matt Neiderman (Del. I.D. No. 4018) MN/shs cc: Clerk of Court (by e-filing) David L. Finger, Esquire (by e-filing)

DUANE M ORRIS LLP
1100 NORTH MARKET STREET, SUITE 1200 WILMINGTON, DE 19801-1246 WLM\213638.1 PHONE: 302.657.4900 FAX: 302.657.4901