Evans et al v. ZB, N.A.

Filing 97

STIPULATION and ORDER to shorten time 96 signed by Senior Judge William B. Shubb on 6/16/2022: a) The Motion for Preliminary Approval of Class Action Settlement shall be filed on or before 6/24/2022; b) The hearing on the Motion for Preliminary Approval of Class Action Settlement shall be scheduled for 7/25/2022 at 1:30 p.m. (Kirksey Smith, K)

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1 2 3 4 ROBERT S. ADDISON, JR. (SBN 188565) C. DANA HOBART (SBN 125139) BUCHALTER, A Professional Corporation 1000 WILSHIRE BLVD STE 1500 LOS ANGELES, CA 90017 Telephone: (213)-891-0700 Facsimile: (213)-896-0400 Email: raddison@buchalter.com 5 6 7 8 9 10 11 12 ROBERT S. MCWHORTER (SBN 226186) JARRETT S. OSBORNE-REVIS (SBN 289193) BUCHALTER, A Professional Corporation 500 CAPITOL MALL, SUITE 1900 SACRAMENTO, CA 95814 Telephone: (213)-891-0700 Facsimile: (916)-945-5170 Email: rmchworter@buchalter.com josbornerevis@buchalter.com Attorneys for Defendant, ZIONS BANCORPORATION, N.A., A NATIONAL BANKING ASSOCIATION, FORMERLY KNOWN AS ZB, N.A., DOING BUSINESS AS CALIFORNIA BANK & TRUST UNITED STATES DISTRICT COURT 13 EASTERN DISTRICT OF CALIFORNIA 14 15 16 17 18 19 RONALD C. EVANS, an individual; JOAN M. EVANS, an individual; DENNIS TREADAWAY, an individual; and all others similarly situated, Plaintiffs, vs. ZB, N.A., a national banking association, dba California Bank & Trust, 22 STIPULATION RE: SHORTENED TIME FOR HEARING ON MOTION FOR PRELIMINARY APPROVAL OF CLASS ACTION SETTLEMENT; ORDER Complaint Filed: May 26, 2017 Trial Date: None set Defendant. 20 21 Case No. 2:17-cv-01123-WBS-DB ZIONS BANCORPORATION, N.A., a national banking association, formerly known as ZB, N.A., doing business as California Bank & Trust, 23 Third-Party Plaintiff vs. 24 25 26 27 JTS COMMUNITIES, INC., a California Corporation; LARRY A. CARTER, an individual; JACK T. SWEIGART, an individual; and BRISTOL INSURANCE COMPANY, a dissolved Utah corporation; and ROES 1-20 inclusive Third-Party Defendants 28 BUCHALTER A PROFES SION AL CORPORAT ION SACR AMENTO STIPULATION RE: SHORTENED TIME BN 71153709v1 Case No. 2:17-cv-01123-WBS-DB 1 Plaintiffs Ronald C. Evans, Joan M. Evans, and Dennis Treadaway (collectively, “the 2 Evans Class Plaintiffs”), Defendant Zions Bancorporation, N.A., a national banking association, 3 formerly known as ZB, N.A., doing business as California Bank & Trust (“CB&T”), by and 4 through their respective counsel of record, enter into the following stipulation: RECITALS 5 6 7 1. On May 26, 2017, Plaintiffs filed a Class Action Complaint (the “Complaint”) against CB&T in the above-captioned action. (Dkt. 42.) 8 2. The Complaint was dismissed on December 20, 2017. (Dkt. 28). 9 3. After an appeal to the 9th Circuit, a First Amended Complaint was filed on October 10 11 15, 2019. (Dkt. 42). 4. On December 19, 2019 the Court granted in part and denied in part Defendant 12 CB&T’s motion to dismiss the First Amended Complaint allowing Plaintiffs to pursue four (4) 13 causes of action against the Defendant. (Dkt. 50.) 14 5. On February 21, 2020, Defendant CB&T filed a Third Party Complaint against 15 Third Party Defendants JTS Communities, Inc., Larry A. Carter, Jack T. Sweigart, and Bristol 16 Insurance Company (collectively, “Third Party Defendants”) for equitable indemnity, equitable 17 contribution, and declaratory relief in the above-captioned action (the “Third Party Complaint”). 18 (Dkt. 55.) 19 6. The parties engaged in substantial discovery. 20 7. On May 24, 2022, Defendant CB&T dismissed the Third Party Defendants. (Dkt. 21 95.) Accordingly, the Evans Class Plaintiffs and Defendant CB&T are the only parties remaining 22 in the case. 23 8. The Evans Class Plaintiffs and Defendant CB&T have agreed to settle the 24 case, subject to Court approval. The parties are presently documenting the settlement and 25 preparing to file a motion for preliminary approval so that, if the motion is granted, notice of the 26 settlement may be issued to putative class members. 27 28 9. The parties agree that the preliminary approval hearing should be set for the earliest possible date because: (i) for business and accounting reasons, CB&T desires to conclude BUCHALTER A PROFES SION AL CORPORAT ION SACR AMENTO STIPULATION RE: SHORTENED TIME BN 71153709v1 Case No. 2:17-cv-01123-WBS-DB 1 the settlement during the calendar year; and (ii) many of the potential settlement class members 2 are elderly and, due to economic circumstances, many desire to receive settlement funds as soon 3 as possible. Accordingly, the parties agree that, if the settlement is to be approved by the Court, 4 the settlement should be concluded before the end of the calendar year, meaning the time- 5 consuming Court approval process should commence as soon as possible. 6 7 10. approval will be unopposed negating the need for any briefing beyond the motion itself. 8 9 As the only parties in the case are the settling parties, the motion for preliminary REQUEST TO SET HEARING ON SHORTENED TIME 11. The parties agree that time is of the essence and that, in order to conclude the 10 settlement during the calendar year, the preliminary approval hearing should be held on the first 11 available date, which the Court clerk has advised is July 25, 2022. The parties are working 12 together to get the settlement signed and the motion for preliminary approval filed as soon as is 13 practicable, but believe they may be unable to file the motion by June 20, 2022, which is 35 days 14 before July 25, 2022. 15 12. The parties agree that slightly (4 days) shortened time for the hearing on 16 preliminary approval is needed in order to allow the settlement to conclude during the calendar 17 year. The parties believe the motion for preliminary approval will be ready to file by June 24, 18 2022, and respectfully request the Court allow the shortened briefing schedule for this motion. 19 STIPULATION TO SET HEARING ON SHORTENED TIME 20 IT IS HEREBY STIPULATED by and between the parties through their designated 21 counsel that the motion for preliminary approval should be filed by June 24, 2022 with 4 days of 22 shortened time for the preliminary approval hearing, which should be set for July 25, 2022. 23 24 Dated: June 15, 2022 25 BUCHALTER, A Professional Corporation By: _____/s/ Robert S. Addison, Jr.________ Robert S. Addison, Jr C. Dana Hobart Attorneys for Defendant and Third Party Plaintiff Zions Bancorporation, N.A., doing business as California Bank & Trust 26 27 28 BUCHALTER 2 A PROFES SION AL CORPORAT ION SACR AMENTO STIPULATION RE: SHORTENED TIME BN 71153709v1 Case No. 2:17-cv-01123-WBS-DB 1 2 Dated: June 15, 2022 3 DENVER LAW, P.C. By: /s/ Michael P. Denver Michael P. Denver Attorneys for Plaintiffs and all other similarly situated 4 5 6 7 Dated: June 15, 2022 8 By: /s/ Robert L. Brace Robert L. Brace Attorneys for Plaintiffs and all other similarly situated 9 10 11 12 I, the filer of this document, attest that each of the other signatories have consented to the filing of this document. 13 _____/s/ Robert S. Addison, Jr.________ Robert S. Addison, Jr. 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 BUCHALTER 2 A PROFES SION AL CORPORAT ION SACR AMENTO STIPULATION RE: SHORTENED TIME BN 71153709v1 Case No. 2:17-cv-01123-WBS-DB 1 2 ORDER Based upon the Parties’ Stipulation, and good cause appearing, IT IS HEREBY 3 ORDERED that: 4 a. 5 6 7 The Motion for Preliminary Approval of Class Action Settlement shall be filed on or before June 24, 2022; b. The hearing on the Motion for Preliminary Approval of Class Action Settlement shall be scheduled on July 25, 2022, at 1:30 p.m. 8 9 Dated: June 16, 2022 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 BUCHALTER 2 A PROFES SION AL CORPORAT ION SACR AMENTO STIPULATION RE: SHORTENED TIME BN 71153709v1 Case No. 2:17-cv-01123-WBS-DB

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