Lord Abbett Municipal Income Fund, Inc. v. Stone & Youngberg, LLC, et al.

Filing 63

ORDER granting Stipulation Regarding Supersedeas Bond. Signed by Magistrate Judge Donna M. Ryu on 12/4/14. (ig, COURT STAFF) (Filed on 12/4/2014).

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GOODIN, MACBRIDE, SQUERI,
DAY & LAMPREY, LLP
Robert A. Goodin, Bar No. 061302
[e-mail]
Francine T. Radford, Bar No. 168269
[e-mail]
505 Sansome Street, Suite 900
San Francisco, California 94111
Telephone:
[phone]
Facsimile:
[phone]

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DAVIS & CERIANI, P.C.
Michael P. Cillo, Appearing Pro Hac Vice
[e-mail]
Valeri S. Pappas, Appearing Pro Hac Vice
[e-mail]
Jennifer A. Tiedeken, Appearing Pro Hac Vice
[e-mail]
1350 – 17th Street, Suite 400
Denver, Colorado 80202
Telephone:
[phone]
Facsimile:
[phone]

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Attorneys for Plaintiff
LORD ABBETT MUNICIPAL INCOME FUND,
INC., a Maryland Corporation, on behalf of its series
LORD ABBETT HIGH YIELD MUNICIPAL
BOND FUND, LORD ABBETT NATIONAL TAXFREE INCOME FUND and LORD ABBETT
CALIFORNIA TAX-FREE INCOME FUND

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UNITED STATES DISTRICT COURT

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NORTHERN DISTRICT OF CALIFORNIA

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OAKLAND DIVISION

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LORD ABBETT MUNICIPAL INCOME
FUND, INC., et al.

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Case No. C12-03694 DMR and
C12-06185 DMR

Plaintiff,

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v.

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STIPULATION AND ORDER
REGARDING SUPERSEDEAS BOND

JOANN ASAMI, et al.,

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Defendants.

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{00544629.DOCX; 1}

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CASE NO. C12-03694 DMR
C12-06185 DMR

STIPULATION AND ORDER REGARDING SUPERSEDEAS BOND

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1.

On September 22, 2014, the Court taxed costs in the amount of $78,862.53 in

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favor of Defendants Joann Asami, R. Thomas Beach, Jane Breyer, Jennifer Lowe Campbell, Oren

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Cheyette, Rosalind Hamar, Lynn De Jonghe, Tim Moppin, Gina Moreland, Jennifer Curry

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Villeneuve, and Valerie McCann Woodson (“Board Member Defendants”) and against Lord

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Abbett Municipal Income Fund, Inc. (“Lord Abbett”), which is incorporated into the Court’s final

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judgment, Docket No. [293].

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2.

Federal Rule of Civil Procedure 62(d) provides that “[i]f an appeal is taken, the

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appellant may obtain a stay by supersedeas bond . . . . The bond may be given upon or after filing

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the notice of appeal or after obtaining the order allowing the appeal. The stay takes effect when

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the court approves the bond.”

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3.

Lord Abbett has appealed the final judgment in this matter and the individual Lord

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Abbett funds have obtained supersedeas bonds (which correspond to each of the Lord Abbett

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Funds’ pro rata holding of the Windrush Bonds) from Vigilant Insurance Company pursuant to

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Rule 62(d) in order to stay enforcement of the judgment. Those supersedeas bonds are attached

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hereto as Ex. 1.

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4.

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The parties hereby stipulate that these bonds in the total amount of $99,000 are

sufficient to cover the amount of taxed costs, interest and appeal costs.
5.

Upon the Court’s approval of the bond by entry of this Stipulation as an order,

enforcement of the judgment taxing costs is stayed until final resolution of the appeal.

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{00544629.DOCX; 1}

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CASE NO. C12-03694 DMR
C12-06185 DMR

STIPULATION AND ORDER REGARDING SUPERSEDEAS BOND

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GOODIN, MACBRIDE, SQUERI, DAY &
LAMPREY, LLP

DAVIS & CERIANI, P.C.

By: ______/s/Francine T. Radford_________
Francine T. Radford
Robert A. Goodin
505 Sansome Street, Suite 900
San Francisco, CA 94111
Telephone: [phone]
Facsimile: [phone]
Email: [e-mail]
[e-mail]
Attorneys for Plaintiff

By: _______/s/Jennifer A. Tiedeken________
Michael P. Cillo
Valeri S. Pappas
Jennifer A. Tiedeken
1305 17th Street, Ste. 400
Denver, CO 80202
Telephone: [phone]
Facsimile: [phone]
Email: [e-mail]
[e-mail]
[e-mail]
Attorneys for Plaintiff

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BECHERER KANNETT & SCHWEITZER

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SO ORDERED.

RT

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ER

H

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u

. Ry
onna M
Judge D

NO

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DATED: 12/4/2014

ERED

O ORD

IT IS S

RT
U
O

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ISTRIC
ES D
TC
AT
T

R NIA

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FO

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LI

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A

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By:_______/s/Alex P. Catalona___________
Patrick J. Becherer
Lori A. Schweitzer
Susan P. Beneville
Alex P. Catalona
1255 Powell St.
Emeryville, CA 94608
Telephone: [phone]
Facsimile: [phone]
Email: [e-mail]
[e-mail]
[e-mail]
Attorneys for Defendants Joann Asami, R.
Thomas Beach, Jane Breyer, Jennifer Lowe
Campbell, Oren Cheyette, Lynn De Jonghe,
Roz Hamar, Tim Moppin, Gina Moreland,
Jennifer Curry Villeneuve, and Valerie
McCann Woodson

UNIT
ED

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S

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N

F
D IS T IC T O
R

C

The Honorable Donna M. Ryu
United States Magistrate Judge

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{00544629.DOCX; 1}

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CASE NO. C12-03694 DMR
C12-06185 DMR

STIPULATION AND ORDER REGARDING SUPERSEDEAS BOND