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

Filing 74

ORDER. IT IS ORDERED that the parties shall have an additional 60 days, or until 8/24/18, to either finalize their settlement agreement and file a stipulation to dismiss, or to file their Joint Pretrial Order. No further extensions will be allowed. Signed by Magistrate Judge Peggy A. Leen on 8/2/2018. (Copies have been distributed pursuant to the NEF - ADR)

1
2
3
4

UNITED STATES DISTRICT COURT

5

DISTRICT OF NEVADA

6

***

7

JPMORGAN CHASE BANK, N.A.,

8
9
10

v.

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

ORDER

SFR INVESTMENTS POOL 1, LLC, et al.,
Defendants.

11
12

The court conducted a status conference on July 17, 2018, regarding the parties’ Joint

13

Status Report (ECF No. 71). Kyle Ewing appeared on behalf of plaintiff, and Jacqueline Gilbert

14

and Ashlie Surer appeared on behalf of defendants. The court heard the representation of counsel

15

concerning their request for an additional 90 days to finalize their settlement agreements. Counsel

16

advised that this was one of 20 cases involved in their negotiations, which has complicated

17

finalizing their agreements.

18

The parties requested a stay of all proceedings in this case on March 15, 2018 representing

19

that they had reached an agreement and were “in the process of finalizing settlement.” (ECF No

20

67). The district judge approved the request and stayed the case. In an order entered April 19,

21

2018 the court gave the parties until May 9, 2019 to file a stipulation for dismissal or a joint status

22

report indicating when the stipulation would be filed. A joint status report (ECF No 69) was filed

23

May 9 and requested an additional 90-day extension. The court denied the request for a 90-day

24

extension but extended the deadline for 45 days. Order (ECF No 70). The parties filed a second

25

joint status report June 25, 2018 again requesting another 90-day extension indicating they had

26

exchanged drafts of a settlement agreement but were “continuing to negotiate the final terms.”

27

The court is always receptive to parties attempting to settle their cases. However, the

28

parties have been engaged in protracted negotiations, no agreements have been signed and it is
1

1

clearly foreseeable that negotiations may break down resulting in a request to extend or reopen

2

discovery in all 20 cases. The court will grant the parties a 60-day extension to finalize their

3

settlement agreement and informs counsel that no further extensions will be granted.

4

Accordingly,

5

IT IS ORDERED that the parties shall have an additional 60 days, or until August 24,

6

2018, to either finalize their settlement agreement and file a stipulation to dismiss, or to file their

7

Joint Pretrial Order. No further extensions will be allowed.

8

DATED this 2nd day of August, 2018.

9
10
PEGGY A. LEEN
UNITED STATES MAGISTRATE JUDGE

11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
2