National Credit Union Administration Board v. RBS Securities, Inc. et al

Filing 589

ORDER denying request to modify expert discovery deadlines regarding loss causation reports. Signed by Magistrate Judge James P. O'Hara on 6/22/2015. (ah)

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
---------------------------------------X
NATIONAL CREDIT UNION ADMINISTRATION
:
:
BOARD, etc.,
:
Plaintiff,
-v:
:
MORGAN STANLEY & CO., et al.,
:
:
Defendants. :
:
And other NCUA Actions.
:
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UNITED STATES DISTRICT COURT
DISTRICT OF KANSAS
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NATIONAL CREDIT UNION ADMINISTRATION
:
BOARD, etc.,
:
Plaintiff,
:
-v:
:
RBS SECURITIES, INC., f/k/a GREENWICH :
CAPITAL MARKETS, INC., et al.,
:
:
Defendants.
:
:
And other NCUA Actions.
:
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13cv6705
13cv6719
13cv6721
13cv6726
13cv6727
13cv6731
13cv6736

(DLC)
(DLC)
(DLC)
(DLC)
(DLC)
(DLC)
(DLC)

USDC SDNY
DOCUMENT
ELECTRONICALLY FILED
DOC #: _________________
6/22/15
DATE FILED: ______________

11cv2340
11cv2649
12cv2591
12cv2631
12cv2648
13cv2418

(JWL)
(JWL)
(JWL)
(JWL)
(JWL)
(JWL)

UNITED STATES DISTRICT COURT
CENTRAL DISTRICT OF CALIFORNIA
WESTERN DIVISION
--------------------------------------- X
NATIONAL CREDIT UNION ADMINISTRATION
:
BOARD, etc.,
:
Plaintiff,
:
-v:
:
RBS SECURITIES, INC., f/k/a GREENWICH :
CAPITAL MARKETS, INC., et al.,
:
:
Defendants. :
:
:
And other NCUA Actions.
--------------------------------------- X

11cv5887 (GW)
11cv6521 (GW)
ORDER

HON. DENISE COTE, HON. JOHN W. LUNGSTRUM, and HON. GEORGE H. WU,
District Judges; and HON. JAMES P. O’HARA, Magistrate Judge:
On June 17, 2015, defendants requested clarification of the
deadline under the Master Discovery Protocol (“MDP”) for their
expert reports on loss causation.
reports on October 16.

They seek to submit such

On June 22, NCUA submitted a letter

opposing this request.
Section 11(a) of the MDP requires “submissions of expert
reports by the party bearing the burden of proof on an issue on
August 14, 2015, rebuttal expert reports on October 16, 2015,
and any reply expert reports on November 20, 2015.”

Section

11(c) of the MDP provides that “[i]f Defendants have reunderwritten the NCUA sampled loans, Defendants shall submit any
expert reports regarding that re-underwriting on October 16,
2015.”

Section 1 of the MDP provides that a party may seek

modification of the MDP “upon a showing of good cause.”
2

Loss causation is an affirmative defense for which
defendants bear the burden, and any loss causation expert
reports are due on August 14.

Defendants have not shown good

cause for modifying the expert discovery deadlines.
Accordingly, it is hereby
ORDERED that loss causation expert reports remain subject
to the deadlines set forth in the MDP.

Dated: June 22, 2015

__/s/ Denise Cote _______________
United States District Judge

Dated: June 22, 2015

__/s/ George H. Wu________________
United States District Judge

Dated: June 22, 2015

___/s/ John W. Lungstrum__________
United States District Judge

Dated: June 22, 2015

___/s/ James P. O’Hara____________
United States Magistrate Judge

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