LN Management LLC Series 5271 Lindell v. Estate of Anne Piacentini et al

Filing 15

ORDER granting 14 Stipulation permitting Federal Housing Finance Agency to intervene as Conservator of the Federal National Mortgage Association. Signed by Judge Jennifer A. Dorsey on 2/17/2015. (Copies have been distributed pursuant to the NEF - DKJ)

Case 2:15-cv-00131-JAD-NJK Document 14 Filed 02/13/15 Page 1 of 3

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Leslie Bryan Hart, Esq. (SBN 4932)
John D. Tennert, Esq. (SBN 11728)
FENNEMORE CRAIG, P.C.
300 E. Second St., Suite 1510
Reno, Nevada 89501
Tel: [phone] Fax: [phone]
[e-mail]; [e-mail]
(Pro Hac Vice to be submitted)
Asim Varma, Esq.
Howard N. Cayne, Esq.
Michael A.F. Johnson, Esq.
ARNOLD & PORTER LLP
555 12th Street NW
Washington, DC 20004
Tel: [phone] Fax: [phone]
[e-mail]; [e-mail]; [e-mail];
Attorneys for Proposed Intervenor Federal Housing Finance Agency
UNITED STATES DISTRICT COURT
DISTRICT OF NEVADA

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FENNEMORE CRAIG, P.C.
300 E. SECOND ST.
SUITE 1510
RENO, NEVADA 89501
[phone]

LN MANAGEMENT LLC SERIES 5271
LINDELL,
Plaintiff,
v.
ESTATE OF ANNE PIACENTINI, an
individual; FEDERAL NATIONAL
MORTGAGE ASSOCIATION; STATE OF
NEVADA, Department of Health and Human
Services, Division of Health Care Financing
and Policy; and DOES 1 through 10, inclusive,
Defendants.
FEDERAL NATIONAL MORTGAGE
ASSOCIATION,
Counterclaimant,
v.
LN MANAGEMENT LLC SERIES 5271
LINDELL, a Nevada LLC; THE KEYS
CONDOMINIUM ASSOCIATION, a Nevada
non-profit corporation; DOES 1 through 10,
inclusive; ROES Business Entities 1 through
10, inclusive,
Counter-Defendants.

CASE NO. 2:15-cv-00131-JAD-NJK
STIPULATION TO ENTRY OF ORDER
AND PROPOSED ORDER PERMITTING
FEDERAL HOUSING FINANCE
AGENCY TO INTERVENE AS
CONSERVATOR OF THE FEDERAL
NATIONAL MORTGAGE ASSOCIATION

Case 2:15-cv-00131-JAD-NJK Document 14 Filed 02/13/15 Page 2 of 3

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1.

The Federal Housing Finance Agency (“FHFA” or “Conservator”), as

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Conservator for Defendant Federal National Mortgage Association (“Fannie Mae”), seeks to

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intervene in the above-captioned action pursuant to 12 U.S.C. § 4617(b)(2)(A)(i) and Fed. R.

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Civ. P. 24.

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2.

On September 6, 2008, FHFA’s Director appointed the FHFA Conservator of

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Fannie Mae and the Federal Home Loan Mortgage Corporation in accordance with the Housing

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and Economic Recovery Act of 2008, Pub. L. 110-289, 122 Stat. 2654 (codified at 12 U.S.C.§

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4617) (“HERA”), and the Federal Housing Enterprises Financial Safety and Soundness Act of

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1992 (12 U.S.C. § 4501, et. seq.).

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3.

The FHFA, as Conservator, has succeeded to “all rights, titles, powers, and

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privileges” of Fannie Mae, including its right to sue and be sued in the federal courts. See

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12 U.S.C. § 4617(b)(2)(A)(i).

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4.

Accordingly, FHFA has an unconditional federal statutory right to intervene in

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this matter, see Fed. R. Civ. P. 24(a)(1), and to assert its interests in a manner consistent with the

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Conservator’s powers and duties.

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5.

Pursuant to Fed. R. Civ. P. 24(c), FHFA attaches as Exhibit A its intended

Answer.

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STIPULATION

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FHFA and Plaintiff LN Management LLC Series 5271 Lindell, through their attorneys of

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record, hereby stipulate and request that the Court make this stipulation an order of the Court:

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FENNEMORE CRAIG, P.C.
300 E. SECOND ST.
SUITE 1510
RENO, NEVADA 89501
[phone]

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Case 2:15-cv-00131-JAD-NJK Document 14 Filed 02/13/15 Page 3 of 3

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The FHFA shall be permitted to intervene in the above-referenced action pursuant
to 12 U.S.C. § 4617(b)(2)(A)(i) and Fed. R. Civ. P. 24.
DATED this 13th day of February, 2015.

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FENNEMORE CRAIG, P.C.
By: /s/ Kerry Faughman
By:
Kerry Faughman, Esq.
Nevada Bar No. 12204
P.O.Box 335361
North Las Vegas, NV 89086
Tel. [phone]
Fax. [phone]
Attorneys for Plaintiff LN Management LLC
Series 2543 Citrus Garden

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and
(Pro Hac Vice to be submitted)
ARNOLD & PORTER LLP
Asim Varma, Esq.
Howard N. Cayne, Esq.
Michael A.F. Johnson, Esq.
555 12th Street NW
Washington, DC 20004
Tel:[phone]Fax: [phone]
[e-mail];
[e-mail];
[e-mail];

By: /s/ Colt B. Dodrill
Colt B. Dodrill, Esq.
Nevada Bar No. 9000
WOLFE & WYMAN LLP
980 Kelly Johnson Drive, Ste 140
Las Vegas, Nevada 89119
Tel: [phone]
Fax: [phone]
[e-mail]
Attorneys for Federal National Mortgage
Association

Attorneys for Proposed Intervenor Federal
Housing Financing Agency

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/s/ Leslie Bryan Hart
Leslie Bryan Hart, Esq. (SBN 4932)
John D. Tennert, Esq. (SBN 11728)
300 E. Second St., Suite 1510
Reno, Nevada 89501
Tel: [phone] Fax: [phone]
[e-mail]; [e-mail]

ORDER
IT IS SO ORDERED.

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_______________________________________
UNITED STATES DISTRICT COURT JUDGE

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February 17, 2015
DATED: ______________________________

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10061392.1/038236.0001

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FENNEMORE CRAIG, P.C.
300 E. SECOND ST.
SUITE 1510
RENO, NEVADA 89501
[phone]

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