At least 14 days before an initial status hearing the parties shall meet to discuss the nature and basis of their claims and defenses and the possibilities for a prompt settlement or resolution of the case. The parties shall also meet to discuss for the arrangement of the disclosures required by Rule 26(a)(1) and to develop a proposed discovery plan. A written report outlining the discovery plan shall be filed with the clerk's office 3 business days before the initial status hearing. Plaintiff is responsible for initiating such a meeting and all parties are required to attend by lead counsel. Failure or refusal to participate in such a meeting or to cooperate in the preparation of the written report may constitute a basis for sanctions. Lead counsel for each party is required to attend the initial status hearing. The parties shall deliver a copy of the initial status report to the Courtroom Deputy (Room 1802C) three business days before the initial status hearing.