Saxton, et al v. Federal Housing Finance Agency, et al

Filing 79

ORDER granting 78 Joint Motion to Stay Proceedings. All proceedings in this matter are stayed pending the Panel's determination of whether to transfer the instant action. In the event the Panel denies the motion to transfer, Plaintiffs must file their resistances to the pending 76 and 77 Motions to Dismiss in the instant action by no later than fourteen days after the Panel's decision. Signed by Chief Judge Linda R Reade on 4/4/2016. (skm)

IN THE UNITED STATES DISTRICT COURT
FOR THE NORTHERN DISTRICT OF IOWA
CEDAR RAPIDS DIVISION

THOMAS SAXTON et al.,
Plaintiffs,

No. 15-CV-47-LRR

vs.

ORDER

THE FEDERAL HOUSING FINANCE
AGENCY et al.,
Defendants.
____________________
The matter before the court is Defendants’ “Joint Motion to Stay Proceedings”
(“Motion”) (docket no. 78), which Defendants filed on March 31, 2016. Plaintiffs have
not filed a resistance, but pursuant to Local Rule 7(e), the court shall rule on the Motion
without waiting for a resistance to be filed. See LR 7(e) (“If a motion appears to be
noncontroversial, or if circumstances otherwise warrant, the court may elect to rule on a
motion without waiting for a resistance or response.”). In the Motion, Defendants request
that the court stay the instant action pending decision by the Judicial Panel on Multidistrict
Litigation (“Panel”) on whether to transfer the instant action for consolidation and
coordination in the United States District Court for the District of Columbia. See In re
Fed. Housing Fin. Agency, et al., Preferred Stock Purchase Agreements Third Amendment
Litig., MDL No. 2713 (J.P.M.L. 2015). Defendants state that responses to the motion to
transfer pending before the Panel are due on April 6, 2016 and that Defendants may file
a reply by April 13, 2016. Brief in Support of the Motion (docket no. 78-1) at 4. For the
reasons stated in the Motion, the Motion is GRANTED. All proceedings in this matter
are STAYED pending the Panel’s determination of whether to transfer the instant action.
In the event the Panel denies the motion to transfer, Plaintiffs must file their resistances

to the pending Motions to Dismiss (docket nos. 76, 77) in the instant action by no later
than fourteen days after the Panel’s decision.
IT IS SO ORDERED.
DATED this 4th day of April, 2016.

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