JPMorgan Chase Bank, N.A. v. SFR Investments Pool 1, LLC et al

Filing 70

ORDER. IT IS ORDERED that the parties' request for an additional 90-day extension is DENIED. The parties will have an additional 45 days, or until 6/25/18, to file a stipulation to dismiss or a joint status report advising when the stipulation to dismiss will be filed. Signed by Magistrate Judge Peggy A. Leen on 5/18/2018. (Copies have been distributed pursuant to the NEF - ADR)

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UNITED STATES DISTRICT COURT

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DISTRICT OF NEVADA

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***

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JPMORGAN CHASE BANK, N.A.,

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Case No. 2:17-cv-00328-JCM-PAL
Plaintiff,

v.

ORDER

SFR INVESTMENTS POOL 1, LLC, et al.,
Defendants.
Before the court is the parties’ Joint Status Report Regarding Settlement (ECF No. 69)
which requests an additional 90 days to get settlement documents on file.

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On March 9, 2018, the parties filed a Stipulation that the case had “come to an agreement

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and are in the process of finalizing settlement.” District Judge Mahan granted the parties’

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stipulation in an Order (ECF No. 67) entered March 15, 2018. The undersigned entered an order

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on April 19, 2018, which gave the parties 60 days from the filing of the parties’ stipulation to stay

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the case, or until May 9, 2018, to file a stipulation for dismissal or a joint status report advising

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when the stipulation would be filed.

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The parties filed the instant Status Report (ECF No. 69) on May 9, 2018, indicating that

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Chase and SFR have settled, but negotiations are still ongoing with the HOA. The parties now

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request an additional 90 days to get a stipulation to dismiss on file. The stay was granted based

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on the representation the parties had come to an agreement and were in the process of finalizing

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settlement, and needed 60 days. The parties now state negotiations are still ongoing with the HOA.

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No explanation at all is provided for the request for an additional 90 days to complete a settlement

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the parties initially said would be finalized 60 days from March 15, 2018. Under these

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circumstances, the parties’ request for an additional 90-day extension is denied, but the court will

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grant the parties an additional 45 days to file a stipulation to dismiss or a joint status report advising

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when the stipulation to dismiss will be filed. Accordingly,

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IT IS ORDERED:

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1. The parties’ request for an additional 90-day extension is DENIED.

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2. The parties will have an additional 45 days, or until June 25, 2018, to file a stipulation

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to dismiss or a joint status report advising when the stipulation to dismiss will be filed.

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DATED this 18th day of May, 2018.

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PEGGY A. LEEN
UNITED STATES MAGISTRATE JUDGE

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