AGK Sierra de Montserrat, L.P. v. Comerica Bank

Filing 30

STIPULATION and ORDER signed by District Judge Kimberly J. Mueller on 5/9/2017 ORDERING that this action shall remain stayed in its entirety through 10/2/2017; A Joint Conference Statement is due by 11/2/2017; The 5/11/2017 Status Conference is VACATED and a Scheduling Conference is SET for 11/9/2017 at 02:30 PM in Courtroom 3 (KJM) before District Judge Kimberly J. Mueller. (Washington, S)

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Timothy J. Gorry, Esq. (State Bar No. 143797) 1 Edward E. Johnson, Esq. (State Bar No. 241065) THEODORA ORINGHER PC 2 1840 Century Park East, Suite 500 Los Angeles, California 90067-2120 3 Telephone: (310) 557-2009 Facsimile: (310) 551-0283 4 Attorneys for Plaintiff 5 AGK Sierra de Montserrat, L.P. 6 7 UNITED STATES DISTRICT COURT 8 9 EASTERN DISTRICT OF CALIFORNIA - SACRAMENTO DIVISION 10 AGK SIERRA de MONTSERRAT, 11 L.P., a Delaware limited partnership, 12 13 Plaintiff, vs. 14 COMERICA BANK, a Texas corporation; and DOES 1 through 10, 15 inclusive, 16 Defendants. Case No. 2:15-cv-01280-KJM-DAD Honorable Kimberly J. Mueller STIPULATION AND ORDER TO EXTEND STAY OF ACTION Complaint Filed: April 29, 2015 Trial Date: July 17, 2017 17 18 19 Plaintiff AGK Sierra de Montserrat, L.P. (“AGK”) and Defendant Comerica 20 Bank (“Comerica”) hereby stipulate and agree as follows: 21 WHEREAS, AGK alleges in this indemnity action that Comerica is obligated 22 to indemnify it for any liability and expenses incurred in certain litigation matters, 23 including a case pending in the California Superior Court, County of Placer, titled 24 Westwood Montserrat, Ltd. v. AGK Sierra de Montserrat, Ltd., et al., Case No. 25 SCV0032447 (the “Westwood Action”); 26 WHEREAS, trial in the Westwood Action is currently set for June 26, 2017, 27 having been continued from February 27, 2017; 28 1048272.1/22418.05004 1 2:15-cv-01280-KJM-DAD STIPULATION AND ORDER TO EXTEND STAY OF ACTION 1 WHEREAS, because Comerica’s potential liability in this action might 2 depend on the outcome of the Westwood Action, the parties are unable to complete 3 discovery or meaningfully consider settlement until the Westwood Action is 4 resolved; 5 WHEREAS, among other things, according to a motion for summary 6 adjudication recently filed by the plaintiff in the Westwood Action, the plaintiff is 7 seeking at least $3.6 million in damages or restitution, so a judgment in AGK’s 8 favor in the Westwood Action would potentially reduce AGK’s alleged damages 9 and Comerica’s alleged liability in this action by at least $3.6 million, increasing the 10 likelihood of any settlement; 11 WHEREAS, on November 5, 2015, the Court entered a scheduling order 12 setting the final pretrial conference for May 19, 2017, trial for July 17, 2017, and 13 other case deadlines [ECF Docket No. 11]; 14 WHEREAS, on October 13, 2016, the Court entered a stay of this action 15 through May 5, 2017 and vacated all other dates [ECF Docket No. 27]; 16 WHEREAS, the parties agree that extending the stay by approximately five 17 months, until roughly three months after the anticipated completion of the trial in the 18 Westwood Action, is warranted to conserve judicial resources and the resources of 19 the parties, to permit time for resolution of the Westwood Action, and provide the 20 parties with the opportunity to meaningfully consider settlement in light of the 21 outcome of the Westwood Action; 22 WHEREAS, this Stipulation and Order is without prejudice to the right of 23 either party to request at any time that the Court lift the stay prior to October 2, 24 2017, or extend the stay past October 2, 2017. 25 NOW, THEREFORE, IT IS HEREBY STIPULATED that: 26 (1) this action should remain stayed in its entirety through October 2, 2017; 27 and 28 1048272.1/22418.05004 2 2:15-cv-01280-KJM-DAD STIPULATION AND ORDER TO EXTEND STAY OF ACTION 1 (2) a scheduling conference should be set for November 9, 2017 to reset 2 the trial date and other case deadlines. IT IS SO STIPULATED. 3 4 DATED: May 3, 2017 5 THEODORA ORINGHER PC By: /s/ Edward E. Johnson 6 Timothy J. Gorry Edward E. Johnson Attorneys for Plaintiff AGK Sierra de Montserrat, L.P. 7 8 9 10 DATED: May 3, 2017 LEWIS BRISBOIS BISGAARD & SMITH LLP 11 By: /s/ Frank R. Perrott (as authorized on 5/2/2017) Frank R. Perrott Attorneys for Defendant Comerica Bank 12 13 14 15 16 IT IS SO ORDERED that: 17 1) this action shall remain stayed in its entirety through October 2, 2017; 18 2) the status conference set for May 11, 2017 at 2:30 p.m. is vacated; and 19 3) a scheduling conference is set for November 9, 2017 at 2:30 p.m. to 20 reset the trial date and other case deadlines. The parties shall confer and file a joint 21 conference statement by November 2, 2017. 22 DATED: May 9, 2017 23 24 UNITED STATES DISTRICT JUDGE 25 26 27 28 1048272.1/22418.05004 3 2:15-cv-01280-KJM-DAD STIPULATION AND ORDER TO EXTEND STAY OF ACTION

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