Provident Funding Associates, L.P. v. Lydian Private Bank et al
Filing
34
STIPULATION AND ORDER DISMISSING CASE. Signed by Judge Joseph C. Spero on 11/29/12. (klhS, COURT STAFF) (Filed on 11/29/2012)
1 Neil R. O’Hanlon, SBN 67018
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3
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5
Asheley G. Dean, SBN 245504
HOGAN LOVELLS US LLP
1999 Avenue of the Stars, Suite 1400
Los Angeles, CA 90067
Telephone: (310) 785-4600
Facsimile: (310) 785-4601
Email: neil.ohanlon@hoganlovells.com
Email: asheley.dean@hoganlovells.com
6 Attorneys for Plaintiff
7
Joel M. Miller (pro hac vice)
Charles R. Jacob III (pro hac vice)
MILLER & WRUBEL P.C.
570 Lexington Avenue
New York, NY 10022
Telephone: (212) 336-3500
Facsimile: (212) 336-3555
Email: jmiller@mw-law.com
Attorneys for Defendant
[Other Counsel on Signature Page]
8
UNITED STATES DISTRICT COURT
9
FOR THE NORTHERN DISTRICT OF CALIFORNIA
10
SAN FRANCISCO DIVISION
11
12 PROVIDENT FUNDING
Case No.: CV-11-1538 JCS
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STIPULATION AND ORDER
DISMISSING ACTION
ASSOCIATES, L.P.,
Plaintiff,
14
15
v.
LYDIAN PRIVATE BANK,
16 VIRTUALBANK, A DIVISION OF
LYDIAN PRIVATE BANK, and Does
17 1 through 20,
Defendants.
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STIPULATION AND ORDER DISMISSING ACTION
1
On August 19, 2011, the Office of the Comptroller of the Currency closed
2 Defendant Lydian Private Bank (“Lydian”) and appointed the FDIC as Receiver
3 pursuant to 12 U.S.C. §§ 1464(d)(2) and 1821(c)(5). On September 14, 2011, the
4 FDIC, as Receiver, was substituted for Lydian in this action. (ECF No. 28.)
5
Pursuant to the Financial Institutions Reform, Recovery and Enforcement Act
6 of 1989 (“FIRREA”), Plaintiff was required to exhaust the FIRREA administrative
7 claims process before continuing this action against the FDIC as Receiver. On
8 November 17, 2011 Plaintiff filed a Proof of Claim (the “Claim”) with the FDIC as
9 Receiver. On August 3, 2012 the FDIC as Receiver gave notice to Plaintiff that the
10 Claim had been allowed in part. Based on such allowance, Plaintiff is willing to
11 dismiss this action.
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IT IS HEREBY STIPULATED AND AGREED by and between the parties
13 hereto through their respective counsel that this action be dismissed with prejudice,
14 with each party bearing its own attorney’s fees and costs. However, such dismissal
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2
STIPULATION AND ORDER DISMISSING ACTION
1 shall have no effect on the partial allowance of Plaintiff’s Claim by the FDIC, as
2 Receiver of Lydian Private Bank, dated August 3, 2012.
3 Dated: November 28, 2012
4
HOGAN LOVELLS US LLP
By: /s/ Neil R. O’Hanlon
5
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: (310) 785-4600
Facsimile: (310) 785-4601
Email: neil.ohanlon@hoganlovells.com
Email: asheley.dean@hoganlovells.com
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10
Attorneys for Plaintiff
11 Dated: November 28, 2012
MILLER & WRUBEL, P.C.
By: /s/ Joel M. Miller
12
Joel M. Miller (pro hac vice)
Charles R. Jacob III (pro hac vice)
MILLER & WRUBEL P.C.
570 Lexington Avenue
New York, NY 10028
Telephone: (212) 336-3500
Facsimile: (212) 336-3555
email: jmiller@mw-law.com
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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: (415) 434-9100
Facsimile: (415) 434-3947
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Attorneys for Defendant
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T
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UNIT
ED
Dated: ______________, 2012
November 29
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Judge Jo
\\LA - 098259/000028 - 1047823 v2
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FO
HON. JOSEPH C. pSPERO
S ero
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A
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S
24 PURSUANT TO STIPULATION, IT IS SO ORDERED.
ISTRIC
ES D
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D IS T IC T O
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STIPULATION AND ORDER DISMISSING ACTION
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