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)

Download PDF
1 Neil R. O’Hanlon, SBN 67018 2 3 4 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 13 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. 18 19 20 / / / 21 / / / 22 / / / 23 / / / 24 / / / 25 / / / 26 / / / 27 / / / 28 \\LA - 098259/000028 - 1047823 v2 1 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. 12 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 15 / / / 16 / / / 17 / / / 18 / / / 19 / / / 20 / / / 21 / / / 22 / / / 23 / / / 24 / / / 25 / / / 26 / / / 27 / / / 28 \\LA - 098259/000028 - 1047823 v2 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 6 7 8 9 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 13 14 15 16 17 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 18 19 20 21 Attorneys for Defendant 22 23 T TA R NIA UNIT ED Dated: ______________, 2012 November 29 26 C RT U O NO seph C. H ER LI RT 28 Judge Jo \\LA - 098259/000028 - 1047823 v2 3 FO HON. JOSEPH C. pSPERO S ero 27 A 25 S 24 PURSUANT TO STIPULATION, IT IS SO ORDERED. ISTRIC ES D T C F D IS T IC T O R STIPULATION AND ORDER DISMISSING ACTION N

Disclaimer: Justia Dockets & Filings provides public litigation records from the federal appellate and district courts. These filings and docket sheets should not be considered findings of fact or liability, nor do they necessarily reflect the view of Justia.


Why Is My Information Online?