(a) On notice to the Court or the Clerk that the parties have settled an action, and
upon confirmation of the settlement by all parties, the Court may issue an order dismissing the
action by reason of settlement. The Court shall issue the order without prejudice to the parties’
right to secure reinstatement of the case within thirty (30) days, or such other timeframe as set by
the Court, after the date of judgment by making a showing that the settlement was not, in fact,
consummated.
(b) If the Court decides not to follow the procedures set forth in L.R. 68.1(a), the
parties shall file within thirty (30) days of the notification to the Court, unless otherwise ordered,
such notices, stipulations and/or motions as are necessary to terminate the action.
See also L.R. 17.1 (Actions involving infants and/or incompetents).