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

Filing 16

ORDER granting 15 Stipulation to Continue Stay; Signed by Magistrate Judge Cam Ferenbach on 4/10/2018. (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 1701 Village Center Circle, Suite 110 Las Vegas, Nevada 89134 Tel: (702) 667-3000 Fax: (702) 433-3091 Email: christina.wang@fnf.com Attorneys for Plaintiff 6 7 UNITED STATES DISTRICT COURT 8 DISTRICT OF NEVADA 9 10 11 12 13 14 15 16 17 18 19 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 CONTINUE STAY OF CASE PENDING SETTLEMENT NEGOTIATIONS 20 IT IS HEREBY STIPULATED AND AGREED by and between Christina H. Wang, 21 Esq. of the Fidelity National Law Group, counsel for Plaintiff THE BANK OF NEW YORK 22 MELLON 23 CERTIFICATEHOLDERS OF THE CWABS INC., ASSET-BACKED CERTIFICATES, 24 SERIES 2006-22 (“Plaintiff”); Boris Kukso, Esq. of the U.S. Department of Justice, counsel for 25 Defendant UNITED STATES OF AMERICA (on behalf of the INTERNAL REVENUE 26 SERVICE) (hereinafter, “IRS”); and Erick M. Ferran, Esq. of Hitzke & Associates, counsel for 27 Defendants NV MORTGAGE, INC. dba SOMA FINANCIAL, JONATHON DALE AMOS and 28 MELISSA AMOS, as follows: FKA THE BANK OF NEW YORK, Fidelity National Law Group 1701 Village Center Circle Suite 110 Las Vegas, Nevada 89134 (702) 667-3000 Page 1 of 3 AS TRUSTEE FOR THE 1 WHEREAS, 2 1. On or about October 6, 2017, this Court entered a Discovery Plan and Scheduling 3 Order setting forth the discovery and other deadlines governing this case (Doc. 10). Thereafter, 4 the parties actively and in good faith engaged and participated in the discovery process. 5 2. On January 9, 2018, the parties filed a Joint Stipulation and Proposed Order to 6 Stay Case Pending Settlement Negotiations (Doc. 12). Specifically, the parties sought a stay of 7 ninety (90) days, up to and including April 9, 2018, to undertake settlement negotiations to 8 resolve this case in its entirety. 9 3. This Court granted the stay in an Order dated January 9, 2018 (Doc. 13). 10 4. Since then, the parties have actively and in good faith engaged in settlement 11 12 negotiations and are close to reaching a desired resolution. 5. However, in light of the multiple layers of review required for a settlement as 13 between Plaintiff and the IRS, both large institutions, the parties require additional time to 14 consummate a final settlement. 15 16 17 6. The parties believe that their chances for case settlement are enhanced if they are permitted to continue their remaining discovery activities. 7. The parties believe that their chances for case settlement are further enhanced if 18 they are able to devote some of the financial resources currently earmarked for litigation to 19 funding a potential settlement. 20 8. The parties believe that a stay of this case for an additional sixty (60) days, up to 21 and including June 8, 2018, is reasonable in light of the time necessary to obtain client approval 22 of a settlement and prepare and finalize all attendant settlement documents. 23 24 9. In the event that their settlement efforts fail, the parties will require additional time to resume discovery activities and trial preparation. 25 WHEREFORE, 26 IT IS HEREBY STIPULATED AND AGREED that a continuance of the stay in this 27 case for sixty (60) days, up to and including June 8, 2018, would help to accomplish the 28 settlement objectives described herein. Fidelity National Law Group 1701 Village Center Circle Suite 110 Las Vegas, Nevada 89134 (702) 667-3000 Page 2 of 3 1 IT IS FURTHER STIPULATED AND AGREED that if this case does not resolve by 2 June 8, 2018, the parties will submit a stipulation and proposed order to lift stay as well as an 3 updated, proposed Discovery Plan and Scheduling Order extending the case deadlines by the 4 corresponding period of stay for the Court’s approval. 5 6 DATED this 9th day of April, 2018. FIDELITY NATIONAL LAW GROUP RICHARD E. ZUCKERMAN Principal Deputy Assistant Attorney General _/s/ Christina H. Wang_________________ CHRISTINA H. WANG, ESQ. Nevada Bar No. 9713 1701 Village Center Circle, Suite 110 Las Vegas, Nevada 89134 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 12 13 Of Counsel: DAYLE ELIESON U.S. Attorney 14 Attorneys for the United States of America 15 HITZKE & ASSOCIATES 16 17 18 19 20 21 _/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 22 23 IT IS SO ORDERED. 24 25 26 _____________________________________ UNITED STATES MAGISTRATE JUDGE 27 April 10, 2018 Dated: _______________________________ 28 Fidelity National Law Group 1701 Village Center Circle Suite 110 Las Vegas, Nevada 89134 (702) 667-3000 Page 3 of 3

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