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

Filing 15

ORDER. IT IS HEREBY ORDERED that 13 the Motion Demanding Security of Costs is GRANTED. IT IS FURTHER ORDERED that Plaintiff must submit a bond pursuant to this Order in the amount of $500.00 as to Defendant. Failure to do so within thirty days of the filing date of this Order shall constitute grounds for dismissal. Signed by Chief Judge Gloria M. Navarro on 5/23/17. (Copies have been distributed pursuant to the NEF - cc: Finance - MR)

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UNITED STATES DISTRICT COURT

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DISTRICT OF NEVADA

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JPMORGAN CHASE BANK, N.A.,
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Plaintiff,
vs.

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

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Case No.: 2:17-cv-00335-GMN-PAL
ORDER

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Pending before the Court is a Motion Demanding Security of Costs, (ECF No. 13),

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filed by Defendant SFR Investments Pool 1, LLC (“Defendant”). For the reasons set

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forth below, the Motion is granted.

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The Ninth Circuit recognizes that “federal district courts have inherent power to

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require plaintiffs to post security for costs.” Simulnet E. Assocs. v. Ramada Hotel

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Operating Co., 37 F.3d 573, 574 (9th Cir. 1994). Under Nevada law, “[w]hen a plaintiff

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in an action resides out of the State, or is a foreign corporation, security for the costs and

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charges which may be awarded against such plaintiff may be required by the defendant.”

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NRS § 18.130(1). “After the lapse of 30 days from the service of notice that security is

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required . . . upon proof thereof, and that no undertaking as required has been filed, the

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court or judge may order the action to be dismissed.” NRS § 18.130(4). It is the policy of

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the United States District Court for the District of Nevada to enforce the requirements of

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NRS § 18.130 in diversity actions. See, e.g., Feagins v. Trump Org., No. 2:11-cv-01121-

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GMN, 2012 WL 925027, at *1 (D. Nev. Mar. 19, 2012).

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Because Plaintiff resides outside of Nevada, (Compl. ¶ 3, ECF No. 1), the Court

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finds that it is appropriate to require Plaintiff to post a security bond of $500.00 in this

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matter pursuant to NRS § 18.130.

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IV.

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CONCLUSION
IT IS HEREBY ORDERED that the Motion Demanding Security of Costs, (ECF

No. 13), is GRANTED.
IT IS FURTHER ORDERED that Plaintiff must submit a bond pursuant to this

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Order in the amount of $500.00 as to Defendant. Failure to do so within thirty days of

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the filing date of this Order shall constitute grounds for dismissal.

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DATED this _____ day of May 2017.

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__________________________________
Gloria M. Navarro, Chief Judge
United States District Judge

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