Global Tower, Property Owner Seek 45-Day Stay to Pursue Settlement

Plaintiff Olcan III Properties and defendant Global Tower seek to stay their litigation for 45 days and to suspend all deadlines in the case “while the parties pursue a potential settlement,” said their joint motion Tuesday (docket 1:22-cv-02456) in U.S. District Court for Maryland in Baltimore. The parties agree to file a joint status report by Nov. 13 either informing the court they reached a resolution or setting forth an agreed schedule consistent with the court’s original scheduling order, said the motion. Their joint motion “is not made for the purpose of improper delay or for any other inappropriate purpose, but is made in good faith in an attempt to resolve this matter,” it said. U.S. District Judge Richard Bennett granted the motion, said his signed order late Wednesday. Olcan’s second amended complaint alleges Global Tower’s use of an easement to access the tower on the rooftop of a building that Olcan owns caused Olcan “to incur repair costs and to lose rents and profits” (see 2211140050). Global Tower counters by alleging Olcan neglected its property for years, failing to do routine upkeep and care required to maintain the building (see 2302010046).