The complicated and long-running legal dispute between former Foundry Media partners Yfat Reiss Gendell and Peter McGuigan may be headed towards resolution. Attorneys for both parties filed a letter asking Judge Joel M. Cohen to extend the current dates for discovery (set to end in February 2022), “to pursue mediation and settlement discussions in the Commercial Division Alternative Dispute Resolution Program.” That process “is basically a mediation program” run by the Court, though ultimately “settlement…is purely voluntary.” Gendell had asked the Court to refer the matter to mediation in May, though at the time McGuigan declined.
