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Prof-2013-S3 Legal Title Trust IV v. Reo Investment Advisors V LLC

United States District Court, D. Nevada

January 25, 2018

PROF-2013-S3 LEGAL TITLE TRUST IV, BY U.S. BANK NATIONAL ASSOCIATION, AS LEGAL TITLE TRUSTEE, Plaintiff,
v.
REO INVESTMENT ADVISORS V, LLC, RICHARD BARON, MANAGER; EL DORADO NEIGHBORHOOD SECOND HOMEOWNERS ASSOCIATION, Defendants. REO INVESTMENT ADVISORS V, LLC, Counterclaimant,
v.
PROF-2013-S3 LEGAL TITLE TRUST IV, BY U.S. BANK NATIONAL ASSOCIATION, AS LEGAL TITLE TRUSTEE, Counter-Defendant.

          WRIGHT, FINLAY & ZAK, LLP EDGAR C. SMITH, ESQ., KRISTA J. NIELSON, ESQ. ATTORNEYS FOR PLAINTIFF/COUNTER-DEFENDANT, PROF-2013-S3 LEGAL TITLE TRUST IV, BY U. BANK NATIONAL ASSOCIATION, AS LEGAL TITLE TRUSTEE

          LEACH JOHNSON SONG & GRUCHOW SEAN L. ANDERSON, ESQ. RYAN D. HASTINGS, ESQ. ATTORNEYS FOR DEFENDANT, ELDORADO NEIGHBORHOOD HOMEOWNERS' ASSOCIATION

          HONG & HONG JOSEPH Y. HONG, ESQ. ATTORNEYS FOR DEFENDANT/COUNTERCLAIMANT, REO INVESTMENT ADVISORS V, LLC

          STIPULATION AND ORDER TO EXTEND DISCOVERY DEADLINES

         Plaintiff/Counter-Defendant, PROF-2013-S3 Legal Title Trust IV, by U.S. Bank National Association, as Legal Title Trustee (hereinafter “PROF”), Defendant/Counterclaimant, REO Investment Advisors V, LLC (hereinafter “REO”), and Defendant, El Dorado Neighborhood Second Homeowners Association (“HOA”) (collectively, the “Parties”), by and through their respective counsels of record, hereby submit the following Stipulation and Order to extend the discovery deadlines for thirty (30) days.

         A. DISCOVERY COMPLETED TO Dated:

         PROF served its Initial Disclosure of Witnesses and Documents on May 17, 2017, disclosed its expert witness on August 15, 2017, and served its Supplemental Disclosures on November 14, 2017. HOA served its Initial Disclosure of Witnesses and Documents on November 17, 2017. PROF also propounded written discovery on REO and HOA, and served a deposition subpoena duces tecum to Terra West Collections Group, LLC d/b/a Assessment Management Services (“HOA Trustee”). PROF completed the deposition of HOA Trustee on November 8, 2017, and it later deposed the HOA on November 27, 2017.

         B. DISCOVERY ANTICIPATED TO BE COMPLETED IN THE FUTURE:

         PROF and REO are working to reschedule the deposition of REO's corporate designee after the designee's depositions previously scheduled for October 23, 2017, November 21, 2017, and January 18, 2018, did not go forward. PROF also expects to disclose additional documents pursuant to the stipulated protective order granted on November 21, 2017.

         C. REASONS WHY DISCOVERY SHOULD BE EXTENDED:

         Regarding the requested extension of discovery, good cause exists to extend the discovery deadline 30 days. Good cause to extend the discovery cutoff exists "if it cannot reasonably be met despite the diligence of the party seeking the extension." See Johnson v. Mammoth Recreations, Inc., 975 F.2d 604, 608-09 (9th Cir. 1992). Here, PROF noticed the deposition of REO within the discovery period, however, REO's corporate designee, at the last minute on three occasions, notified PROF's counsel they would not be able to attend the scheduled deposition. Further, PROF expects to disclose additional documents prior to the end of the discovery period. PROF's failure to seek an extension sooner is also the result of excusable neglect as PROF timely noticed the deposition of REO but REO did not appear at two scheduled depositions, requiring rescheduling.

         D. PROPOSED DISCOVERY EXTENSION:

1. The current discovery deadlines
Deadline to complete discovery: January 29, ...

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