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

Filing 68

ORDER Granting 67 Stipulation to Stay Proceedings. Signed by Judge Richard F. Boulware, II on 9/3/2020. (Copies have been distributed pursuant to the NEF - JQC)

Case 2:16-cv-00746-RFB-DJA Document 68 Filed 09/03/20 Page 1 of 2

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ARIEL E. STERN, ESQ.
Nevada Bar No. 8276
SCOTT R. LACHMAN, ESQ.
Nevada Bar No. 12016
AKERMAN LLP
1635 Village Center Circle, Suite 200
Las Vegas, NV 89134
Telephone: [phone]
Facsimile: [phone]
Email: [e-mail]
Email: [e-mail]

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Attorneys for Bank of America, N.A.

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UNITED STATES DISTRICT COURT

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DISTRICT OF NEVADA

AKERMAN LLP

1635 VILLAGE CENTER CIRCLE, SUITE 200
LAS VEGAS, NEVADA 89134
TEL.: [phone] – FAX: [phone]

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BANK OF AMERICA, N.A.,

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

Plaintiff,

JOINT STATUS REPORT AND
STIPULATION TO STAY
PROCEEDINGS

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v.
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ROYAL ESTATES OWNERS ASSOCIATION;
SFR INVESTMENTS POOL 1, LLC; and
NEVADA ASSOCIATION SERVICES, INC.,
Defendants.

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Bank of America, N.A. (BANA), SFR Investments Pool 1, LLC, and Royal Estates

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Homeowners Association file this joint status report pursuant ECF No. 63, and jointly move the

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court to stay the case an additional sixty days while BANA and SFR perform their remaining

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settlement obligations. The subject property is part of a broader settlement between BANA and SFR

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involving scores of properties and cases in state and federal court. Due to complications arising

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from the ongoing pandemic, SFR has not yet fully completed the conditions precedent, and BANA

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has agreed to an extension. Further, settlement talks are ongoing between BANA and Royal Estates

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that may avert further litigation on BANA's damages claims.

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To allow BANA and SFR to complete their settlement and to allow BANA and Royal Estates

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time to pursue a possible settlement, the parties request an additional sixty days' stay of all litigation
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Case 2:16-cv-00746-RFB-DJA Document 68 Filed 09/03/20 Page 2 of 2

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in this action. The parties will file a status report at the end of the requested stay. This request is

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made in good faith and will not prejudice any party.

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AKERMAN LLP

1635 VILLAGE CENTER CIRCLE, SUITE 200
LAS VEGAS, NEVADA 89134
TEL.: [phone] – FAX: [phone]

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DATED this 3rd day of September, 2020
AKERMAN LLP

KIM GILBERT EBRON

/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

/s/ Diana S. Ebron
DIANA S. EBRON, ESQ.
Nevada Bar No. 10580
JACQUELINE A. GILBERT, ESQ.
Nevada Bar No. 10593
KAREN L. HANKS, ESQ.
Nevada Bar No. 9578
7625 Dean Martin Drive, Suite 110
Las Vegas, NV 89139

Attorneys for Bank of America, N.A.

Attorneys for SFR Investments Pool 1, LLC

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LEACH KERN GRUCHOW ANDERSON SONG
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/s/ Timothy C. Pittsenbarger
SEAN L. ANDERSON, ESQ.
Nevada Bar No. 7529
TIMOTHY C. PITTSENBARGER, ESQ.
Nevada Bar No. 13740
2525 Box Canyon Dr.
Las Vegas, NV 89128

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Attorneys for Royal Estates Owners Association

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ORDER

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IT IS SO ORDERED.

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RICHARD F. BOULWARE, II
UNITED STATES DISTRICT JUDGE
DATED: September 3, 2020.

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