Davis v. Westgate Planet Hollywood Las Vegas, LLC et al

Filing 509

ORDER Granting 508 Motion to Stay. Case stayed and September 30, 2011 oral arguments are cancelled. Signed by Chief Judge Robert C. Jones on 9/1/11. (Copies have been distributed pursuant to the NEF - MMM)

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1 JAMES E. SMYTH II Nevada Bar No. 6506 2 Kaempfer Crowell Renshaw Gronauer & Fiorentino 3 8345 West Sunset Road, Suite 250 Las Vegas, Nevada 89113 4 Tel: (702) 792-7000 Fax: (702) 796-7181 5 Website: www.kcnvlaw.com 6 Email: jsmyth@kcnvlaw.com 7 RICHARD W. EPSTEIN 8 HAAS A. HATIC 9 MYRNA L. MAYSONET (Admitted Pro Hac Vice) 10 GREENSPOON MARDER, P.A. Trade Center South, Suite 2700 11 100 West Cypress Creek Road 12 Ft. Lauderdale, Florida 33309 richard.epstein@gmlaw.com 13 haas.hatic@gmlaw.com myrna.maysonet@gmlaw.com 14 Attorneys for Defendants 15 UNITED STATES DISTRICT COURT 16 DISTRICT OF NEVADA 17 THOMAS DAVIS III, RICK BRUNTON, 18 LOIS TIGER and EMMANUEL WIEST individually and on behalf of all others 19 similarly situated, 20 21 22 23 24 25 26 27 28 ) Docket # 08-CV-S-722-RCJ-PAL ) ) ) ) ) ) Plaintiffs, ) ) JOINT MOTION TO STAY ALL vs. ) PROCEEDINGS AND DEADLINES ) WESTGATE PLANET HOLLYWOOD LAS ) ) VEGAS, LLC., WESTGATE RESORTS ) INC., WESTGATE RESORTS LTD., CFI ) SALES & MARKETING, LTD., CFI SALES ) & MARKETING, LLC., CFI SALES & ) MARKETING, INC., and “John Doe” entities ) ) 1 to 25, name and number unknown, ) ) Defendants. ) ) ) Case No. 08-CV-S-722-RCJ-PAL 1 Defendants, Westgate Planet Hollywood Las Vegas, LLC, Westgate Resorts, Inc., 2 Westgate Resorts, Ltd., CFI Sales & Marketing, Ltd., CFI Sales & Marketing, LLC and CFI 3 Sales & Marketing, Inc. (“Defendants”), and Plaintiffs (collectively “the Parties”), pursuant to 4 Local Rule 6-1, by and through their attorneys of record, file this Joint Motion to: (1) stay all 5 6 proceedings in this case, including all pretrial deadlines, for 30 days; and (2) cancel the 7 September 30, 2011 oral arguments, because the parties are attempting to finalize a settlement 8 agreement as to the Plaintiffs’ claims. This Joint Motion is supported by good cause, as set 9 forth below: 10 11 1. The parties have been engaged in settlement discussions over the last several 12 weeks, and believe that a settlement is likely. If finalized, this settlement would resolve all of 13 the Plaintiffs’ pending claims, and moot any pending motions while also eliminating the need 14 for a trial. 15 2. Although not yet finalized, the parties had an obligation to immediately inform 16 17 the Court of their progress. The parties request that this Court stay all proceedings because any 18 additional work by either side will result in additional fees that could prevent this case from 19 settling. 20 3. The agreement being discussed is contingent upon approval of a restructuring 21 loan Defendants are currently seeking. This is Defendants’ last hope to survive the financial 22 23 24 25 26 27 28 downturn affecting the company since September 2008. 4. It is estimated that a decision regarding the corporate restructuring loan will be issued within the next 45-60 days. If these efforts are unsuccessful, Defendants will be forced to avail themselves of other legal remedies which will, in turn, directly impact this case. Case No. 08-CV-S-722-RCJ-PAL 1 WHEREFORE, the parties respectfully request that all proceedings in this case be 2 stayed for 30 days to allow the parties additional time to finalize the settlement agreement 3 which, as stated above, is contingent upon the approval of funding. The parties also request 4 that this Court cancel the September 30, 2011 oral arguments. 5 6 DATED this 30th day of August, 2011. Respectfully submitted, 7 8 By: 9 10 11 12 /s/ Gregory F. Coleman GREGORY F. COLEMAN Bank of America Center 550 Main Avenue, Suite 600 Knoxville, TN 600 Attorney for Plaintiffs Admitted pro hac vice Attorney for Plaintiffs 13 By: /s/ Myrna L. Maysonet RICHARD W. EPSTEIN (Admitted pro hac vice, Florida Bar No.:0229091) MYRNA L. MAYSONET (Admitted pro hac vice, Florida Bar No.: 0429650) Greenspoon Marder, P.A. 201 E. Pine Street, Suite 500 Orlando, FL 32801 Attorneys for Defendants 14 15 09-01-2011 DATED: August ____, 2011. IT IS SO ORDERED 16 _________________________________ UNITED STATES DISTRICT COURT/ MAGISTRATE JUDGE 17 18 19 20 21 22 23 24 25 26 27 28 6620895 v1

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