The Bankof New York Mellon v. United States Department of the Treasury - Internal Revenue Service et al

Filing 13

ORDER granting 12 Stipulation to Stay Case; Signed by Magistrate Judge Cam Ferenbach on 1/9/2018.; Case stayed. (Copies have been distributed pursuant to the NEF - JM)

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1 2 3 4 5 CHRISTINA H. WANG, ESQ. Nevada Bar No. 9713 FIDELITY NATIONAL LAW GROUP 8363 W. Sunset Road, Suite 120 Las Vegas, Nevada 89113 Tel: (702) 667-3000 Fax: (702) 697-2020 Email: christina.wang@fnf.com Attorneys for Plaintiff 6 7 8 UNITED STATES DISTRICT COURT 9 DISTRICT OF NEVADA 10 11 12 13 14 15 16 17 18 19 20 THE BANK OF NEW YORK MELLON FKA THE BANK OF NEW YORK, AS TRUSTEE FOR THE CERTIFICATEHOLDERS OF THE CWABS INC., ASSET-BACKED CERTIFICATES, SERIES 2006-22, ) ) ) ) ) ) Plaintiff, ) ) vs. ) ) NV MORTGAGE, INC. dba SOMA ) FINANCIAL, a Nevada corporation; ) JONATHON DALE AMOS, an individual; ) MELISSA AMOS, an individual; UNITED ) STATES DEPARTMENT OF THE TREASURY ) – INTERNAL REVENUE SERVICE, a U.S. ) government agency; DOES I through X and ROE ) BUSINESS ENTITIES XI through XX, ) ) Defendants. ) ) Case No.: 2:17-cv-01242-JAD-VCF JOINT STIPULATION AND ORDER TO STAY CASE PENDING SETTLEMENT NEGOTIATIONS 21 IT IS HEREBY STIPULATED AND AGREED by and between Christina H. Wang, 22 Esq. of the Fidelity National Law Group, counsel for Plaintiff THE BANK OF NEW YORK 23 MELLON 24 CERTIFICATEHOLDERS OF THE CWABS INC., ASSET-BACKED CERTIFICATES, 25 SERIES 2006-22 (“Plaintiff”); Boris Kukso, Esq. of the U.S. Department of Justice, counsel for 26 Defendant UNITED STATES OF AMERICA (on behalf of the INTERNAL REVENUE 27 SERVICE); and Erick M. Ferran, Esq. of Hitzke & Associates, counsel for Defendants NV FKA THE BANK OF NEW YORK, 28 Fidelity National Law Group 8363 W. Sunset Road, Suite 120 Las Vegas, Nevada 89113 (702) 667-3000 Page 1 of 3 AS TRUSTEE FOR THE 1 MORTGAGE, INC. dba SOMA FINANCIAL, JONATHON DALE AMOS and MELISSA 2 AMOS, as follows: 3 WHEREAS, 4 1. 5 6 7 8 9 10 On or about October 6, 2017, this Court entered a Discovery Plan and Scheduling Order setting forth the discovery and other deadlines governing this case (Doc. 10). 2. Since then, the parties have actively and in good faith engaged and participated in discovery activities. 3. At this juncture, the parties have agreed to undertake settlement negotiations and believe that they may be able to resolve this case in its entirety. 4. The parties believe that the Discovery Plan and Scheduling Order does not 11 permit sufficient time to both undertake meaningful settlement negotiations and complete all 12 discovery activities. 13 5. The parties believe that their chances for case resolution are enhanced if they are 14 permitted to continue their remaining discovery activities (including, but not limited to, 15 numerous depositions and written discovery). 16 6. The parties believe that their chances for case resolution are further enhanced if 17 they are able to devote some of the financial resources currently earmarked for litigation to 18 funding a potential settlement. 19 7. The parties believe that a stay of this case for ninety (90) days, up to and 20 including April 9, 2018, is reasonable in light of the time necessary to obtain client approval of 21 settlement authority and prepare and finalize all attendant settlement documents. 22 23 8. In the event that their settlement efforts fail, the parties will require additional time to resume discovery activities and trial preparation. 24 WHEREFORE, 25 IT IS HEREBY STIPULATED AND AGREED that a stay of this case for ninety (90) 26 days, up to and including April 9, 2018, would help to accomplish the settlement objectives 27 described herein. 28 IT IS FURTHER STIPULATED AND AGREED that if this case does not resolve by Fidelity National Law Group 8363 W. Sunset Road, Suite 120 Las Vegas, Nevada 89113 (702) 667-3000 Page 2 of 3 1 April 9, 2018, the parties will submit a stipulation and proposed order to lift stay as well as an 2 updated, proposed Discovery Plan and Scheduling Order extending the case deadlines by the 3 corresponding period of stay for the Court’s approval. 4 DATED this 9th day of January, 2018. 5 6 FIDELITY NATIONAL LAW GROUP RICHARD E. ZUCKERMAN Principal Deputy Assistant Attorney General __/s/ Christina H. Wang________________ CHRISTINA H. WANG, ESQ. Nevada Bar No. 9713 8363 W. Sunset Road, Suite 120 Las Vegas, Nevada 89113 Attorneys for Plaintiff __/s/ Boris Kukso_____________________ BORIS KUKSO, ESQ. Trial Attorney, Tax Division U.S. Department of Justice P.O. Box 683 Washington, D.C. 20044 7 8 9 10 11 Of Counsel: DAYLE ELIESON Interim U.S. Attorney 12 13 Attorneys for the United States of America 14 15 HITZKE & ASSOCIATES 16 17 18 19 20 _/s/ Erick M. Ferran___________________ ERICK M. FERRAN, ESQ. Nevada Bar No. 9554 2030 E. Flamingo Road, Suite 115 Las Vegas, Nevada 89119 Attorneys for Defendants NV Mortgage, Inc. dba Soma Financial, Jonathan Dale Amos, and Melissa Amos 21 22 IT IS SO ORDERED. 23 24 25 _____________________________________ UNITED STATES MAGISTRATE JUDGE 26 1-9-2018 Dated: _______________________________ 27 28 Fidelity National Law Group 8363 W. Sunset Road, Suite 120 Las Vegas, Nevada 89113 (702) 667-3000 Page 3 of 3

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