Bank Of New York Mellon v. Falco et al

Filing 67

ORDER Granting 66 Stipulation to Stay. Signed by Judge Richard F. Boulware, II on 10/11/2020. (Copies have been distributed pursuant to the NEF - JQC)

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Case 2:17-cv-00441-RFB-NJK Document 67 Filed 10/11/20 Page 1 of 3 1 2 3 4 5 6 7 8 DIANA S. EBRON, ESQ. Nevada Bar No. 10580 Email: diana@kgelegal.com JACQUELINE A. GILBERT, ESQ. Nevada Bar No. 10593 Email: jackie@kgelegal.com KAREN L. HANKS, ESQ. Nevada Bar No. 9578 Email: karen@kgelegal.com KIM GILBERT EBRON 7625 Dean Martin Drive, Suite 110 Las Vegas, Nevada 89139-5974 Telephone: (702) 485-3300 Facsimile: (702) 485-3301 Attorney for SFR Investments Pool 1, LLC 9 UNITED STATES DISTRICT COURT 10 DISTRICT OF NEVADA 12 (702) 485-3300 FAX (702) 485-3301 KIMGILBERT EBRON 7625 DEAN MARTIN DRIVE, SUITE 110 LAS VEGAS, NEVADA 89139 11 13 14 THE BANK OF NEW YORK MELLON FKA THE BANK OF NEW YORK, AS TRUSTEE FOR THE CERTIFICATEHOLDERS OF CWALT, INC., ALTERNATIVE LOAN TRUST 20053CB, MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-3CB, Case No.: 2:17-cv-00441-RFB-NJK NOTICE OF SETTLEMENT AND STIPULATION TO STAY PROCEEDINGS 15 Plaintiff, 16 vs. 17 18 19 20 FRANCESCA FALCO; SFR INVESTMENTS POOL 1, LLC; LAMPLIGHT SQUARE AT CORONADO RANCH, LLC; DOE INDIVIDUALS I-X, inclusive; and ROE CORPORATIONS I-X, inclusive, Defendants. 21 22 SFR INVESTMENTS POOL 1, LLC, 23 Counterclaimant/Cross-Claimant, 24 vs. 25 26 27 28 THE BANK OF NEW YORK MELLON FKA THE BANK OF NEW YORK, AS TRUSTEE FOR THE CERTIFICATEHOLDERS OF CWALT, INC., ALTERNATIVE LOAN TRUST 20053CB, MORTGAGE PASS-THROUGH -1- Case 2:17-cv-00441-RFB-NJK Document 67 Filed 10/11/20 Page 2 of 3 1 CERTIFICATES, SERIES 2005-3CB; FRANCESCA FALCO, an individual, 2 Counter-Defendant/Cross-Defendant. 3 NOTICE OF SETTLEMENT AND STIPULATION TO STAY PROCEEDINGS 4 5 PLEASE TAKE NOTICE that The Bank of New York Mellon fka The Bank of New York, 6 as Trustee for the Certificateholders of CWALT, Inc., Alternative Loan Trust 2005-3CB, 7 Mortgage Pass-Through Certificates, Series 2005-3CB (“BNYM”) and SFR Investments Pool 1, 8 LLC (“SFR”) have reached a global settlement involving multiple properties, including the 9 Property at issue in this case. The settlement will resolve all claims between SFR and BNYM. litigation to allow for SFR to perform a condition precedent to the settlement. This will also 12 (702) 485-3300 FAX (702) 485-3301 KIMGILBERT EBRON Based on the confidential settlement agreement, BNYM and SFR have agreed to stay the 11 7625 DEAN MARTIN DRIVE, SUITE 110 LAS VEGAS, NEVADA 89139 10 provide an opportunity for BNYM to discuss the potential for settlement as to its claims against 13 Lamplight Square at Coronado Ranch, LLC (the “Association”). 14 Accordingly, BNYM, SFR and the Association (collectively the “Parties”) hereby stipulate 15 to vacate the current dispositive motion deadline of October 8, 2020, and to stay further 16 proceedings in this case for ninety (90) days to finalize the settlement. The parties further request 17 the court set a deadline for filing a status report regarding the settlement for ninety (90) from the 18 entry of this Stipulation and Order. 19 20 21 22 23 24 25 26 … 27 … 28 … -2- Case 2:17-cv-00441-RFB-NJK Document 67 Filed 10/11/20 Page 3 of 3 1 2 This request to stay is being made in the interest of preserving judicial resources and, as set forth above, on the basis of a material term of the Settlement Agreement. 3 DATED this 7th day of October, 2020. DATED this 7th day of October, 2020. 4 KIM GILBERT EBRON AKERMAN LLP 5 8 /s/ Chantel M. Schimming DIANA S. EBRON, ESQ. Nevada Bar No. 10580 CHANTEL M. SCHIMMING, ESQ. Nevada Bar No. 8886 7625 Dean Martin Drive, Suite 110 Las Vegas, Nevada 89139 /s/ Rex D. Garner NATALIE L. WINSLOW, ESQ. Nevada Bar No. 12125 REX D. GARNER, ESQ. Nevada Bar No. 9401 1635 Village Center Circle, Suite 200 Las Vegas, NV 89134 9 Attorneys for SFR Investments Pool 1, LLC Attorneys for The Bank of New York Mellon fka The Bank of New York, as Trustee for the Certificateholders of CWALT, Inc., Alternative Loan Trust 2005-3CB, Mortgage Pass-Through Certificates, Series 2005-3CB 6 7 10 12 (702) 485-3300 FAX (702) 485-3301 KIMGILBERT EBRON 7625 DEAN MARTIN DRIVE, SUITE 110 LAS VEGAS, NEVADA 89139 11 13 DATED this 7th day of October, 2020. 14 BOYACK ORME & ANTHONY 15 /s/ Patrick A. Orme EDWARD D. BOYACK, ESQ. Nevada Bar No. 5229 PATRICK A. ORME, ESQ. Nevada Bar No. 7853 7432 W. Sahara Avenue, Suite 101 Las Vegas, NV 89117 ss Attorneys for Lamplight Square at Coronado Ranch, LLC 16 17 18 19 20 21 22 IT IS SO ORDERED. 23 24 25 26 ___________________________________ ________________________________ UNITED STATES DISTRICT JUDGE RICHARD F. BOULWARE, II DATED: ___________________________ UNITED STATES DISTRICT JUDGE DATED this 11th day of October, 2020. 27 28 -3-

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