Representatives for the companies did not immediately respond to RMD’s requests for comment.
A joint notice of settlement filed Thursday said the agreement resolves “all claims and causes of action.” The parties executed a confidential, binding term sheet on Jan. 28 outlining the material terms of the deal.
“The parties are currently in the process of finalizing a long settlement agreement and expect the long settlement agreement to be fully executed by February 18, 2026. The parties will file a Stipulation re Dismissal shortly after the long settlement agreement is executed,” the filing said. The document is signed by lawyers representing both parties.
Earlier in the case, U.S. District Court Judge Dana M. Sabraw ruled in May 2025 that some of Longbridge’s claims related to her request for a preliminary injunction warranted limited relief, ruling that “the law and the facts clearly favor some of Longbridge’s claims.”
In June, the parties confirmed in a lawsuit that settlement discussions had taken place during a neutral review conference with Magistrate Judge Valerie E. Torres. Such conferences are intended to encourage direct communication between litigants, provide a neutral assessment of the merits of the case, clarify core disputes, assist in discovery, and facilitate possible settlement.
That attempt ultimately failed. It was the second failed attempt to resolve the dispute, following an earlier round of negotiations that reportedly took place a few months after Longbridge’s initial filing but before Mutual of Omaha filed its first substantive response to the allegations.
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