Free Letter - District Court of Delaware - Delaware

Case 1:07-cv-00177-Gl\/IS Document 17 Filed 03/17/2008 Page 1 of 2
Fitici-mans, l.Av·r0r~i & F"nNcsa:i==z
A PROF'E'L55tDNAI. ASSOCIATION
Owe F?0¤m:•r Saunas
920 Norm-i Kms Srnear
W§LL|AM J WADE WiL.M1NGT¤N, DELAWARE EQBOI Dl§;{;§gA?_;;TB;H
D'*’*E¤T¤**‘ tsacnai $51-7700 W,,_DE@,,,,_,, CGM
F“Ax (scan ers:-vvon
WWW.RLFrCOM
March 17, 2008
VIA CM/ECF FILING
The Honorable Gregory M. Sleet
Chief Judge
US District Court for the District of Delaware
344 N, King Street
Wilmington, DE i980l
RE ExxonMobil Oil Corporation v. Hyundai Mobis Co., Ltd., et al.,
C.A. N0. 07—l'/7 (GMS)
Dear Chief Judge Sleet,
We are counsel to plaintiff ExxonMobil Oil Corporation ("Mobil") in the above-
referenced matter. Further to our letter of February I5, 2008, we provide this updated status letter
to apprise the Court of ongoing developments in the parties’ efforts to reach a settlement in this
case, Counsel for defendants Hyundai Mobis Cot, Ltd., Mobis America, Inc., Mobis Parts
America, LLC, Mobis Parts Detroit, LLC and Mobis Aiabama, LLC (collectively, “Mobis")
have reviewed this letter and approved its filing.
Since our status letter of February 15, counsel for the parties have continued to discuss
settlement. Mobis provided a written proposed term sheet to Mobil just prior to our last report to
you, and Mobi} has responded The parties have been working toward settlement diligently and
in good faith, and believe they are making progress, However, because both companies operate
globally and offer many products and services, there are a number of complex issues yet to be
resolved.
The parties appreciate the Court’s continued patience as they attempt to reach an
amicable settlement of the claims in this casey While this process has taken longer than the
parties had initially anticipated, the parties are hopelirl that a settlement agreement will be
reached, or at least greatly advanced, within the next sixty days.
Rl,l*i—3263356~l

Case 1:07-cv-00177-Gl\/IS Document 17 Filed 03/17/2008 Page 2 of 2
The I-Ionorabie Gregory M. Sleet
March 17, 2008
Page .2
Tiierefore, if it is satisfactory to the Court, the parties respectfully propose to provide the
Court with a thrtlier update regarding the status of negotiations on or before May 19, 2008. As
always, if Your Honor has any questions or concerns regarding the foregoing, counsel are
available at the Court’s convenience.
Tliank. you for your consideration.
Respectfully,
{ - . J l/'
.. -·=e # _@’/‘
William J. Wade (#704)
W.lW/pc:
ce: John Shaw, Esq. (via email)
Louis T. Pirkey, Esq. (via email)
Stephen ?. Meieeu, Esq. (via email)
1ztr1»a261ase~i