Commonwealth of Virginia ex rel. Integra Rec LLC v. Countrywide Securities Corporation et al
Filing
75
MEMORANDUM OPINION. Signed by District Judge M. Hannah Lauck on 01/14/2015. (tjoh, )
IN THE UNITED STATES DISTRICT COURT
FOR THE EASTERN DISTRICT OF VIRGINIA
Richmond Division
COMMONWEALTH OF VIRGINIA ev rel,
INTEGRA REC LLC,
Plaintiff,
V.
Civil Action No. 3:14CV706
COUNTRYWIDE SECURITIES
CORPORATION, e/fl/.,
Defendants.
MEMORANDUM OPINION
This matter comes before the Court on the Motion to Transfer and Motion to Stay filed
on October 24,2014 by Countrywide Securities Corp. ("CSC") on behalf of the defendants,
(ECF Nos. 15,17), and the Motion to Remand and Request for Expedited Hearing filed on
October 31, 2014 by the Commonwealth of Virginia (ECF No. 42). On January 9, 2015, the
Court heard oral argument and these matters are ripe for disposition.
For the reasons that follow, the Court will grant, on a limited basis, CSC's Motion to Stay
(ECFNo. 17) and will defer ruling on CSC's Motion to Transfer Venue (ECF No. 15) and the
Commonwealth's Motion to Remand (ECF No. 42),
I. Procedural and Factual Background
Two other courts and a multijurisdictional panel have matters pending before them that
potentially relate to the action removed to this Court. The Complaint at bar alleges
misrepresentations in offerings of mortgage-backed securities ("MBS") or residential mortgagebacked securities ("RMBS"). The Court will address these pending matters seriatim.
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