Archer et al v. Bank of America Corporation et al

Filing 74

ORDER Denying 22 MOTION for Preliminary Injunction filed by Shawn Rorick, Matthew Feustel, Van Sherman, Joan Ha, Tashae Dupree, Camille Patella, Lisa Yeghiayan, Steven Deutsch, Bryan Wells, Jay Ha, Randy Jacobs, Jonathan Knights, Terry Putman, Lel and Ozawa, Pamela Donovan, Evelen Corro-Sammarco, Charli Jacobs, Robert Barfield, Leon Gauthier, Benito Pichardo, Steve Yeghiayan, Louis Cushler, Eric Fizthugh, Janelle Ozawa, Carol Einhorn, Hermenegildo Ramirez-Soto, Thayer Burton, Arthur Einhorn, C arlos Verduzco, Leslie Archer, Jeannie Thompson, Jeffrey Thompson, Kelley Deutsch, Titan Eggstaff, Cynthia Putman, Roger Donner, Tyrone Newton, Spencer Chung, Danny Regensberg, Vincent Patella, Xuefang Mei, Deirdre Connell, Steve Hastings, Abdulkadir Tura, Timothy Bradley, William Woodard, Francis Wilson, Robert Wilson, John Duffy Taylor, Natali Hiscocks, Dianne Knights, Linda Ramirez-Soto, John Sammarco, Rose Bonilla, Rose Huffman, Casey Korth, Jacalyn Curtis, Joell Reed, Homer Nichols, Laddawan Wood, Eugene Hallett, Kyle Korth, Mirela Micula, Troylette Burton, Sandra Stucki, Kenneth Hiscocks, Tina Tran. Signed by Judge James C. Mahan on 10/19/11. (Copies have been distributed pursuant to the NEF - MMM)

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1 2 3 4 5 6 7 8 ARIEL E. STERN, ESQ. Nevada Bar No. 8276 JACOB D. BUNDICK, ESQ. Nevada Bar No. 9772 AKERMAN SENTERFITT LLP 400 South Fourth Street, Suite 450 Las Vegas, Nevada 89101 Telephone: (702) 634-5000 Facsimile: (702) 380-8572 Email: ariel.stern@akerman.com Email: jacob.bundick@akerman.com Attorneys for Bank of America Corporation; Bank of America, National Association; Recontrust Company, N.A., and Federal National Mortgage Association 9 AKERMAN SENTERFITT LLP 400 SOUTH FOURTH STREET, SUITE 450 LAS VEGAS, NEVADA 89101 TEL.: (702) 634-5000 – FAX: (702) 380-8572 10 UNITED STATES DISTRICT COURT 11 DISTRICT OF NEVADA 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 LESLIE ARCHER; ROBERT BARFIELD, ROSE BONILLA; TIMOTHY BRADLEY; THAYER BURTON; TROYLETTE BURTON; SPENCER CHUNG; DEIDRE CONNELL; EVELEN CORRO-SAMMARCO; JACALYN CURTIS; LOUIS CUSHLER; KELLEY DEUTSCH; STEVEN DEUTSCH; ROGER DONNER; MICHAEL DONOVAN; PAMELA DONOVAN; TASHAE DUPREE; TITAN EGGSTAFF; ARTHUR EINHORN; CAROL EINHORN; MATTHEW FEUSTEL; ERIC FITZHUGH; LEON GAUTHIER; STPHANIE GOINS; JAY HA; JOAN HA; EUGENE HALLETT; STEVE HASTINGS; KENNETH HISCOCKS; NATALI HISCOCKS; ROSE HUFFMAN; CHARLI JACOBS; RANDY JACOBS; DIANNE KNIGHTS; JONATHAN KNIGHTS; CASEY KORTH; KYLE KORTH; ZUEFANG MEI; MIRELA MICULA; TYRONE NEWTON; HOMER NICHOLS, JANELLE OZAWA; LELAND OZAWA; CAMILLE PATELLA; VINCENT PATELLA; BENITO PICHARDO; CYNTHIA PUTMAN; TERRY PUTMAN; HERMENEGILDO RAMIREZSOTO; LINDA RAMIREZ-SOTO; JOELL REED; DANNY REGENSBERG; SHAWN RORICK; JOHN SAMMARCO; VAN SHERMAN; SANDRA STUCKI; JOHN {22391439;1} 1 Case No.: 2:11-cv-01264-JCM-LRL [Proposed] ORDER DENYING MOTION FOR PRELIMINARY INJUNCTION 1 2 3 4 DUFFY TAYLOR; JEANNIE THOMPSON; JEFFREY THOMPSON; TINA TRAN; ABDULKADIR TURA; CARLOS VERDUZCO; BRYAN WELLS; FRANCIS WILSON; ROBERT WILSON; LADDAWAN WOOD; WILLIAM WOOD; LISA YEGHIAYAN; STEVE YEGHIAYAN, 5 Plaintiffs. 6 vs. 7 BANK OF AMERICA CORPORATION; BANK OF AMERICA, NATIONAL ASSOCIATION, BAC HOME LOANS SERVICING, LP; RECONTRUST COMPANY, NA; FIRST AMERICAN LOANSTAR TRUSTEE SERVICES, LLC; CAL-WESTERN RECONVEYANCE CORPORATION; MTC FINANCIAL INC. d/b/a TRUSTEE CORPS; FEDERAL NATIONAL MORTGAGE ASSOCIATION, 8 9 AKERMAN SENTERFITT LLP 400 SOUTH FOURTH STREET, SUITE 450 LAS VEGAS, NEVADA 89101 TEL.: (702) 634-5000 – FAX: (702) 380-8572 10 11 12 Defendants. 13 14 This Court held a hearing on plaintiffs' motion for preliminary injunction (Doc. No. 22) on 15 October 5, 2011. Having considered the written submissions, and arguments of counsel at the 16 hearing, the Court finds as follows: 17 Plaintiffs did not meet their burden of demonstrating that a preliminary injunction should 18 issue. Under Winter v. Natural Res. Def. Council, Inc., 555 U.S. 7, 22 (2008), a " plaintiff seeking a 19 preliminary injunction must establish that he is likely to succeed on the merits, that he is likely to 20 suffer irreparable harm in the absence of preliminary relief, that the balance of equities tips in his 21 favor, and that an injunction is in the public interest." Plaintiffs did not meet these factors. 22 First, plaintiffs fail to establish likelihood of success on the merits. Plaintiffs plead three 23 causes of action: (1) violation of the Nevada Deceptive Trade Practices Act, (2) Promissory 24 Estoppel, and (3) Wrongful Foreclosure. They are unlikely to succeed on their claim for violation of 25 the Nevada Deceptive Trade Practices (codified at Nev. Rev. Stat. Ch. 598) because the statute 26 applies to transactions involving goods and services, not real estate. They are unlikely to succeed on 27 their claim for promissory estoppel because they did not allege, and did not present any evidence of, 28 a specific promise by the defendants or of specific conduct by them in reliance on a promise by the {22391439;1} 2 1 defendants. They are unlikely to succeed on their claim for wrongful foreclosure because plaintiffs 2 have admitted their default on their loans. Under Collins v. Union Fed. Sav. & Loan Ass’n, 662 P.2d 3 610, 623 (Nev. 1983), a plaintiff in default cannot state a claim for wrongful foreclosure. In 4 addition, most plaintiffs' properties have yet to be sold, making the claim premature. of preliminary relief. Under Winter, granting a "preliminary injunction based only on a possibility of 7 irreparable harm is inconsistent with our characterization of injunctive relief as an extraordinary 8 remedy that may only be awarded upon a clear showing that the plaintiff is entitled to such relief." 9 Winter, 555 U.S. at 22. The Court finds that plaintiffs failed to make a clear showing of irreparable c 10 AKERMAN SENTERFITT LLP Second, the Court finds that plaintiffs are not likely to suffer irreparable harm in the absence c 6 400 SOUTH FOURTH STREET, SUITE 450 LAS VEGAS, NEVADA 89101 TEL.: (702) 634-5000 – FAX: (702) 380-8572 5 harm – they failed to explain why monetary damages cannot redress any loss, and provided no 11 reason for the court to prevent the defendants from enforcing plaintiffs' deeds of trust. 12 c Third, the Court finds the balance of hardships tips against the issuance of an injunction 13 because defendants are not receiving payments to which they are legally entitled as a result of the 14 plaintiffs' default. 15 continue to use and enjoy the properties would be inequitable. Granting a preliminary injunction despite plaintiffs' default while plaintiffs 16 Fourth, the Court does not find that the public interest warrants preliminary relief. c 17 In light of the Court's findings, and for good cause appearing, IT IS HEREBY ORDERED c 18 that plaintiffs' motion for a preliminary injunction is DENIED. 19th DATED this _____ day of October, 2011. 19 20 21 UNITED STATES DISTRICT JUDGE 22 /// 23 /// 24 /// 25 /// 26 /// 27 /// 28 /// {22391439;1} 3 1 Submitted By: 2 AKERMAN SENTERFITT LLP 3 4 5 6 7 8 9 AKERMAN SENTERFITT LLP 400 SOUTH FOURTH STREET, SUITE 450 LAS VEGAS, NEVADA 89101 TEL.: (702) 634-5000 – FAX: (702) 380-8572 10 /s/ Jacob D. Bundick ARIEL E. STERN, ESQ. Nevada Bar No. 8276 JACOB D. BUNDICK, ESQ. Nevada Bar No. 9772 400 South Fourth Street, Suite 450 Las Vegas, Nevada 89101 Attorneys for Defendants Bank of America Corporation; Bank of America, National Association; Recontrust Company, N.A., and Federal National Mortgage Association 11 12 Reviewed by: 13 CALLISTER + ASSOCIATES, LLC 14 17 /s/ Mitchell S. Bisson MATTHEW Q. CALLSTER, ESQ. Nevada Bar No. 1396 MITCHELL S. BISSON, ESQ. Nevada Bar No. 11920 823 Las Vegas Blvd. So., 5th Floor Las Vegas, Nevada 89101 18 Attorneys for Plaintiffs 15 16 19 20 21 22 23 24 25 26 27 28 {22391439;1} 4

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