Bank of America, N.A. v. Royal Estates Owners Association et al

Filing 63

ORDER Granting 60 Stipulation to Stay. Status Report regarding the settlement due ninety (90) from the entry of this Order. Signed by Judge Richard F. Boulware, II on 6/5/2020. (Copies have been distributed pursuant to the NEF - JQC)

Case 2:16-cv-00746-RFB-DJA Document 63 Filed 06/05/20 Page 1 of 2

1
2
3
4
5
6
7
8

DIANA S. EBRON, ESQ.
Nevada Bar No. 10580
E-mail: [e-mail]
JACQUELINE A. GILBERT, ESQ.
Nevada Bar No. 10593
E-mail: [e-mail]
KAREN L. HANKS, ESQ.
Nevada Bar No. 9578
E-mail: [e-mail]
KIM GILBERT EBRON
7625 Dean Martin Drive, Suite 110
Las Vegas, Nevada 89139
Telephone: [phone]
Facsimile: [phone]
Attorneys for SFR Investments Pool 1, LLC

9

UNITED STATES DISTRICT COURT

10

DISTRICT OF NEVADA

12
[phone] FAX [phone]

KIM GILBERT EBRON

7625 DEAN MARTIN DRIVE, SUITE 110
LAS VEGAS, NEVADA 89139

11
BANK OF AMERICA, N.A.,

Case No.: 2:16-cv-00746-RFB-DJA

Plaintiff,

NOTICE OF SETTLEMENT AND
STIPULATION TO STAY
PROCEEDINGS

13

vs.

14

ROYAL ESTATES OWNERS
ASSOCIATION; SFR INVESTMENTS POOL
1, LLC; AND NEVADA ASSOCIATION
SERVICES, INC,

15
16
17
18
19

Defendants.

PLEASE TAKE NOTICE that Bank of America, N.A. (“BANA”) and SFR Investments
Pool 1, LLC (“SFR”) have reached a settlement that includes multiple properties, including the

20
Property at issue in this case. The settlement will resolve all claims between SFR and BANA.
21
Based on the confidential settlement agreement, BANA and SFR have agreed to stay the
22
litigation to allow for the parties to perform a condition precedent to the settlement. This will also
23
provide an opportunity for BANA to discuss the potential for settlement as to its claims against
24
25

Royal Estate Owners Association (the “Association”).
Accordingly, BANA, SFR and the Association (collectively the “Parties”) hereby stipulate

26
to vacate the current dispositive motion deadline of June 8, 2020, and to stay further proceedings
27
in this case for ninety (90) days to finalize the settlement. The Parties agree that either party may
28
-1-

Case 2:16-cv-00746-RFB-DJA Document 63 Filed 06/05/20 Page 2 of 2

1

move to lift the stay before the expiration of the ninety days if they determine the circumstances

2

justify doing so. The parties further request the court set a deadline for filing a status report

3

regarding the settlement for ninety (90) from the entry of this Stipulation and Order. This request

4

to stay is being made in the interest of preserving judicial resources and, as set forth above, on the

5

basis of a material term of the Settlement Agreement.

6
7

DATED this 4th day of June, 2020.

DATED this 4th day of June, 2020.

8

KIM GILBERT EBRON

AKERMAN LLP

9

12

/s/ Jacqueline A. Gilbert
JACQUELINE A. GILBERT, ESQ.
Nevada Bar No. 10593
7625 Dean Martin Drive, Suite 110
Las Vegas, Nevada 89139
Phone: [phone]
E-mail: [e-mail]

13

Attorneys for SFR Investments Pool 1, LLC

/s/ Scott R. Lachman
ARIEL E. STERN, ESQ.
Nevada Bar No. 8276
SCOTT R. LACHMAN, ESQ.
Nevada Bar No. 12016
1635 Village Center Circle, Suite 200
Las Vegas, NV 89134
E-mail: [e-mail]
E-mail: [e-mail]
Attorneys for Bank of America, N.A.

10

[phone] FAX [phone]

KIM GILBERT EBRON

7625 DEAN MARTIN DRIVE, SUITE 110
LAS VEGAS, NEVADA 89139

11

14

DATED this 4th day of June, 2020.

15

LEACH KERN GRUCHOW ANDERSON
SONG

16
17

/s/ Timothy C. Pittsenbarger
SEAN L. ANDERSON, ESQ.
Nevada Bar No. 7259
TIMOTHY C. PITTSENBARGER, ESQ
Nevada Bar No. 13740
2525 Box Canyon Drive
Las Vegas, Nevada 89128
Phone: [phone]
E-mail: [e-mail]
E-mail: [e-mail]
Attorneys for Royal Estates Owners
Association

18
19
20
21
22
23
ORDER
24

IT IS SO ORDERED.
25
DATED: ________________

26
27
28

________________________________
RICHARD F. BOULWARE, II
________________________________
UNITED STATES DISTRICT JUDGE
United Stated District Court Judge
DATED this 5th day of June, 2020.

-2-