Federal Housing Finance Agency, et al v. LN Management, LLC

Filing 27

ORDER granting 26 Stipulation to Stay Discovery. Signed by Magistrate Judge George Foley, Jr on 8/31/2018. (Copies have been distributed pursuant to the NEF - MMM)

Case 2:18-cv-00371-RFB-GWF Document 26 Filed 08/27/18 Page 1 of 3

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Leslie Bryan Hart, Esq. (SBN 4932)
John D. Tennert, Esq. (SBN 11728)
FENNEMORE CRAIG, P.C.
300 E. Second St., Suite 1510
Reno, Nevada 89501
Tel: [phone] Fax: [phone]
[e-mail]; [e-mail]
(Admitted Pro Hac Vice)
Asim Varma, Esq.
Howard N. Cayne, Esq.
Michael A.F. Johnson, Esq.
ARNOLD & PORTER KAYE
SCHOLER LLP
601 Massachusetts Ave., NW
Washington, DC 20001-3743
Tel: [phone] Fax: [phone]
[e-mail];
[e-mail];
[e-mail];
Attorneys for Plaintiff Federal Housing
Finance Agency

Kent F. Larsen, Esq. (SBN 3463)
Christopher L. Benner, Esq. (SBN 8963)
SMITH LARSEN & WIXOM
Hills Center Business Park
1935 Village Center Circle
Las Vegas, NV 89134
Tel: [phone]
[e-mail]; [e-mail]
Counsel for Plaintiffs Federal National
Mortgage Association and JPMorgan Chase
Bank, N.A.

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UNITED STATES DISTRICT COURT
DISTRICT OF NEVADA

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FEDERAL HOUSING FINANCE AGENCY,
in its capacity as Conservator of Federal
National Mortgage Association; FEDERAL
NATIONAL MORTGAGE ASSOCIATION;
and JPMORGAN CHASE BANK, N.A.,

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CASE NO.: 2:18-cv-00371-RFB-GWF

STIPULATION AND [PROPOSED]
ORDER TO STAY DISCOVERY

Plaintiffs,
vs.

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LN MANAGEMENT, LLC,
Defendant.

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Plaintiffs Federal Housing Finance Agency, as Conservator of the Federal National

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Mortgage Association ("FHFA"), Federal National Mortgage Association ("Fannie Mae"),

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JPMorgan Chase Bank, N.A. (“JPMorgan”), and Defendant LN Management, LLC (“LN”) by

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and through their undersigned and respective counsel, hereby submit this Stipulation to Stay

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Discovery.

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WHEREAS, on March 1, 2018 Fannie Mae, FHFA and JPMorgan filed a Complaint

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seeking a declaratory judgment and to quiet title to property located at 7311 Falvo Avenue,

300 E. SECOND ST.
SUITE 1510
RENO, NEVADA 89501
[phone]

Case 2:18-cv-00371-RFB-GWF Document 26 Filed 08/27/18 Page 2 of 3

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Las Vegas, Nevada (ECF No. 1).

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WHEREAS, on July 11, 2018 LN filed its Motion to Dismiss the Complaint (ECF No.
20).

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WHEREAS, on August 8, 2018, Fannie Mae, FHFA and JPMorgan filed their
Opposition to the Motion to Dismiss (ECF No. 23).

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WHEREAS, Fannie Mae, FHFA and JPMorgan anticipate filing a Motion for
Summary Judgment in this case in the near future.

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WHEREAS, the parties agree that the Motion for Summary Judgment can be decided

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without the necessity of discovery, although LN reserves the right to seek discovery in the

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event the Motion for Summary Judgment does not resolve all claims in the case.

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WHEREAS, staying discovery until a ruling is entered on the Motion to Dismiss and

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the anticipated Motion for Summary Judgment will save the parties time and litigation

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fees/costs in the event that this Court grants either the Motion to Dismiss, or the anticipated

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Motion for Summary Judgment;

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NOW WHEREFORE IT IS HEREBY STIPULATED AND AGREED that discovery

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will be stayed until an order is entered on the Motion to Dismiss, and if that motion is denied,

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then an Order on the anticipated Motion for Summary Judgment.

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IT IS FURTHER STIPULATED AND AGREED that submission of a proposed

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discovery plan pursuant to FRCP 26(f)(3) will be stayed until an order is entered on the

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pending Motion to Dismiss, and if that motion is denied, the stay will remain in place

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until an order is entered on the anticipated Motion for Summary Judgment. The Parties

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agree that in the event any claims remain after the Court rules on the Motion for

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Summary Judgment, the Parties, within 14 days after such order, will submit a

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Discovery Plan and Proposed Scheduling Order.

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300 E. SECOND ST.
SUITE 1510
RENO, NEVADA 89501
[phone]

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Case 2:18-cv-00371-RFB-GWF Document 26 Filed 08/27/18 Page 3 of 3

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IT IS SO STIPULATED AND AGREED.

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DATED: August 27, 2018.

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FENNEMORE CRAIG, P.C.

SMITH LARSEN & WIXOM

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By:

By:

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/s/ Leslie Bryan Hart
Leslie Bryan Hart, Esq. (SBN 4932)
John D. Tennert, Esq. (SBN 11728)
300 E. Second St., Suite 1510
Reno, Nevada 89501
Tel: [phone] Fax: [phone]
[e-mail]; [e-mail]
and
ARNOLD & PORTER KAYE
SCHOLER LLP

/s/ Christopher L. Benner
Kent F. Larsen, Esq. (SBN 3463)
Christopher L. Benner, Esq. (SBN 8963)
Hills Center Business Park
1935 Village Center Circle
Las Vegas, Nevada 89134
Tel: [phone]
[e-mail]; [e-mail]

Counsel for Federal National Mortgage
Association and JPMorgan Chase Bank, N.A.

(Admitted Pro Hac Vice)
Asim Varma, Esq.
Howard N. Cayne, Esq.
Michael A.F. Johnson, Esq.
Attorneys for Plaintiff Federal Housing
Finance Agency

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LAW OFFICE OF KERRY P.
FAUGHNAN

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By:

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/s/ Kerry P. Faughnan
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Kerry P. Faughnan, Esq. (SBN 12204)
P.O. Box 335361
North Las Vegas, NV 89033
Tel: [phone] Fax: [phone]
[e-mail]
Attorney for Defendant LN Management LLC

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ORDER

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IT IS SO ORDERED.

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___________________________________
UNITED STATES MAGISTRATE JUDGE

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8-31-2018
DATED: ________________________

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14196199

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300 E. SECOND ST.
SUITE 1510
RENO, NEVADA 89501
[phone]

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