Federal Deposit Insurance Corporation v. Cobalt Partners, LLC et al

Filing 66

ORDER granting 65 Motion to Stay litigation. The Court stays the litigation for one hundred and twenty days. Signed by Magistrate Judge G. R. Smith on 10/27/14. (wwp)

IN THE UNITED STATES DISTRICT COURT
FOR THE SOUTHERN DISTRICT OF GEORGIA
SAVANNAH DIVISION

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]N

OCT 27

FEDERAL DEPOSIT INSURANCE
CORPORATION, as Receiver for
FIRST NATIONAL BANK,
Plaintiff,
CASE NO. 4: 13-cv-00099

V.

COBALT PARTNERS, LLC, ALBERTO
ALVAREZ, ADAM BEELER, RODNEY
M. COOK, JR., WILLIAM M. TUTTLE II,
and CHARLES K. WERK,
Defendants.
CONSENT ORDER ON THIRD MOTION TO STAY LITIGATION
BEFORE THE COURT is plaintiff Federal Deposit Insurance Corporation as Receiver
for First National Bank's ("FDIC-W ) Third Motion to Stay Litigation asking the Court to stay
litigation for one hundred and twenty (120) days to enable it to pursue its collateral over the
defendant guarantors. A court has the inherent power to control its own docket, including the
power to stay. Collegiate Licensing Co. v. American Cas. Co. of Reading. Penn., 842 F,Supp.2d
1360, 1369 (N.D. Ga. 2012). Accordingly, the Court hereby stays this litigation for one hundred
and twenty (120) days. The Scheduling Order is amended as set forth herein:
CLOSE OF DISCOVERY

3/1/2015

LAST DAY FOR FILING CIVIL MOTION
INCLUDING DAUHERT MOTIONS BUT
EXCLUDING MOTIONS IN LIM1NE

4/1/2015

Dated (0 27—
Honorable .R. Smith
Magistrate Judge, United States District Court
Southern District of Georgia
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