Wilde v. Flagstar Bank FSB et al
Filing
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ORDER Granting Stay (Dkt. 12 ). Case stayed pending the Supreme Court's resolution of the petition for writ of certiorari in Lusnak v. Bank of America. The 11/19/2018 hearing on Defendants' motion to dismiss is vacated. Signed by Judge Larry Alan Burns on 11/5/2018. (jdt)
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UNITED STATES DISTRICT COURT
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SOUTHERN DISTRICT OF CALIFORNIA
ROBERT WILDE, individually and on
behalf of all others similarly situated,
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CASE NO. 18cv1370-LAB (BGS)
Plaintiff,
ORDER GRANTING STAY [Dkt. 12]
vs.
FLAGSTAR BANK FSB., et al.,
Defendants.
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In June 2018, Plaintiff Robert Wilde filed this suit against Flagstar Bank and Flagstar
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Bancorp, alleging that Defendants failed to pay interest on his mortgage escrow balance in
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violation of California law. Flagstar filed a motion to dismiss, and a hearing on that motion
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is scheduled for November 19, 2018. Dkt. 11. The parties now jointly move to stay
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proceedings in light of the Ninth Circuit’s recent decision in Lusnak v. Bank of America, N.A.,
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883 F.3d 1185 (9th Cir. 2018), which held that California’s mortgage escrow interest statute
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is not preempted by federal law. The respondent in that case, Bank of America, has filed a
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petition for writ of certiorari to the United States Supreme Court, and the parties expect the
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Supreme Court to rule on the petition by the end of 2018.
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Whether the California law at issue here is preempted by federal law could be
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dispositive, so the Court agrees a stay is warranted. This proceeding is therefore STAYED
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pending the Supreme Court’s resolution of the petition for writ of certiorari in Lusnak v. Bank
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of America. Within one week of the Supreme Court ruling on that petition, the parties are to
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file a notice informing this Court of the outcome. The November 19, 2018 hearing on
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Defendants’ motion to dismiss is VACATED. The Court will reset the briefing schedule and,
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if necessary, set a new hearing date after the petition is resolved.
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IT IS SO ORDERED.
Dated: November 5, 2018
HONORABLE LARRY ALAN BURNS
United States District Judge
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