Provident Funding Associates, L.P. v. Lydian Private Bank et al

Filing 28

STIPULATION AND ORDER Substituting Federal Deposit Insurance Corporation, as Receiver, for Defendant Lydian Private Bank. Signed by Judge Joseph C. Spero on 09/14/2011. (tmi, COURT STAFF) (Filed on 9/14/2011)

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Joel M. Miller (pro hac vice)
Charles R. Jacob III (pro hac vice)
Jeremy M. Sher (pro hac vice)
MILLER & WRUBEL P.C.
570 Lexington Avenue
New York, NY 10022
Telephone: [phone]
Facsimile: [phone]
Email: [e-mail]
Attorneys for Defendant

Neil R. O’Hanlon, SBN 67018
Asheley G. Dean, SBN 245504
HOGAN LOVELLS US LLP
1999 Avenue of the Stars, Suite 1400
Los Angeles, CA 90067
Telephone: [phone]
Facsimile: [phone]
Email: [e-mail]
Email: [e-mail]
Attorneys for Plaintiff

7 [Other Counsel on Signature Page]
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UNITED STATES DISTRICT COURT

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FOR THE NORTHERN DISTRICT OF CALIFORNIA

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SAN FRANCISCO DIVISION

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PROVIDENT FUNDING ASSOCIATES,

Case No.: CV-11-1538 JCS

12 L.P.,
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STIPULATION AND ORDER
SUBSTITUTING FEDERAL DEPOSIT
INSURANCE CORPORATION, AS
RECEIVER, FOR DEFENDANT LYDIAN
PRIVATE BANK

Plaintiff,
v.

15 LYDIAN PRIVATE BANK,
VIRTUALBANK, A DIVISION OF LYDIAN

16 PRIVATE BANK, and Does 1 through 20,
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Defendants.

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On August 19, 2011, the Office of the Comptroller of the Currency appointed the Federal
Deposit Insurance Corporation (the “FDIC”) as Receiver for Defendant Lydian Private Bank
(“Lydian”) pursuant to 12 U.S.C. §§ 1464(d)(2) and 1821(c)(5). A copy of the appointment is
attached hereto as Exhibit A.
The FDIC accepted the appointment as Receiver for Lydian that same day. A copy of the
FDIC’s acceptance of the appointment is attached hereto as Exhibit B.

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-1STIPULATION AND ORDER SUBSTITUTING FEDERAL
DEPOSIT INSURANCE CORPORATION, AS RECEIVER,
FOR DEFENDANT LYDIAN PRIVATE BANK

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Therefore, IT IS HEREBY STIPULATED AND AGREED THAT, pursuant to 12 U.S.C.

2 § 1819, the FDIC, as Receiver for Lydian, is now the real party in interest in this action and is
3 hereby substituted for Lydian in this action.
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Dated: September 13, 2011

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HOGAN LOVELLS US LLP

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By: /s/ Neil R. O’Hanlon
R. O’Hanlon, SBN 67018
Asheley G. Dean, SBN 245504
HOGAN LOVELLS US LLP
1999 Avenue of the Stars, Suite 1400
Los Angeles, CA 90067
Telephone: [phone]
Facsimile: [phone]
Email: [e-mail]
Email: [e-mail]
Attorneys for Plaintiff

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Dated: September 13, 2011

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MILLER & WRUBEL, P.C.
By: /s/ Joel M. Miller
Joel M. Miller (pro hac vice)
Charles R. Jacob III (pro hac vice)
Jeremy M. Sher (pro hac vice)
MILLER & WRUBEL P.C.
570 Lexington Avenue
New York, NY 10028
Telephone: [phone]
Facsimile: [phone]
email: [e-mail]
ROBERT J. STUMPF, JR., SBN 72851
MARTIN WHITE, SBN 253476
SHEPPARD, MULLIN, RICHTER
& HAMPTON LLP
Four Embarcadero Center, 17th Floor
San Francisco, CA 94111-4109
Telephone: [phone]
Facsimile: [phone]
Attorneys for Defendant
S DISTRICT

S

HON. JOSEPH ph CSPERO
C. . Spero
NO

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-2RT

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UNIT
ED

26 Dated: September ___, 2011
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25 PURSUANT TO STIPULATION, IT IS SO ORDERED.
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Judge Jo

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STIPULATION AND ORDER SUBSTITUTING FEDERAL
ER
C
DEPOSIT INSURANCE CORPORATION, AS RECEIVER,
N
F
D IS T IC T O
FOR DEFENDANT LYDIAN PRIVATE BANK
R
A

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