Searching over 5,500,000 cases.


searching
Buy This Entire Record For $7.95

Download the entire decision to receive the complete text, official citation,
docket number, dissents and concurrences, and footnotes for this case.

Learn more about what you receive with purchase of this case.

Federal Deposit Insurance Corp. v. Nevada Title Co.

United States District Court, D. Nevada

November 22, 2017

FEDERAL DEPOSIT INSURANCE CORPORATION AS RECEIVER OF WASHINGTON MUTUAL BANK, Plaintiff,
v.
NEVADA TITLE COMPANY, Defendant.

          Bart K. Larsen, Esq., Scott D. Fleming, Esq., Orlando Villalba, Esq., MORTGAGE RECOVERY LAW GROUP, LLP., Attorneys for Plaintiff Federal Deposit Insurance Corporation as Receiver of Washington Mutual Bank.

          WILSON, ELSER, MOSKOWITZ, EDELMAN & DICKER LLP, Sheri M. Thome, Esq., Chad C. Butterfield, Esq., Attorneys for Defendant Nevada Title Company.

          STIPULATION AND ORDER TO EXTEND DEADLINE TO FILE JOINT PRETRIAL ORDER

         Plaintiff, Federal Deposit Insurance Corporation as Receiver of Washington Mutual Bank (“FDIC-R”) and Defendant, Nevada Title Company (“Nevada Title”) (collectively the “Parties”), by and through their respective counsel, hereby file this Stipulation and Order to Continue the Deadline to File the Joint Pre-Trial Order an additional three weeks to December 7, 2017. This request complies with Local Rules (“LR”) IA 6-1, IA 6-2, and 26-4, and is supported by good cause as set forth herein.

         A. INTRODUCTION

         This case arises out of Nevada Title's closing of a real estate transaction that was funded, in part, by a loan issued by Washington Mutual Bank. The real estate transaction was subsequently determined to have been a fraud perpetrated by the seller, buyer, and others involved in the transaction. FDIC-R contends Nevada Title failed to comply with the Washington Mutual Bank's Closing Instructions, which allegedly caused it to sustain damages when the buyer defaulted on the loan. On March 30, 2017, the Court issued an order on the Parties' respective motions for summary judgment and ordered a settlement conference. (ECF No. 51). The parties attended the settlement conference in good faith but were unable to resolve this matter. The parties agreed to continue their good faith efforts to resolve this matter, and participated in a private mediation on October 26, 2017. The parties reached a settlement in principle and are continuing to draft and negotiate the terms of a long form settlement agreement. Accordingly, the parties respectfully request that the deadline to file the joint pretrial order be extended an additional three weeks, to provide the parties additional time to finalize the terms of the final written settlement agreement without prejudicing their clients' rights in this case.

         B. CURRENT SCHEDULE

         Discovery is closed. The Joint Pretrial Order is due on or before September 18, 2017.

         C. PROPOSED SCHEDULE

         The Parties propose extending the deadline for filing the Joint Pretrial Order from November 16, 2017, to December 7, 2017.

         All other deadlines shall remain in effect.

         D. DISCOVERY COMPLETED BY THE PARTIES

         Discovery is closed.

         E. DISCOVERY ...


Buy This Entire Record For $7.95

Download the entire decision to receive the complete text, official citation,
docket number, dissents and concurrences, and footnotes for this case.

Learn more about what you receive with purchase of this case.