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SANDERSON v. BANK OF AMERICA, N.A., 3:14-cv-00068. (2014)

Court: District Court, M.D. Tennessee Number: infdco20140804563 Visitors: 9
Filed: Jul. 28, 2014
Latest Update: Jul. 28, 2014
Summary: STIPULATION AND AGREED ORDER TO STAY PENDING SETTLEMENT PROCEEDINGS IN A RELATED ACTION TODD J. CAMPBELL, District Judge. Defendants Bank of America, N.A. ("BANA") (for itself and as successor by merger to BAC Home Loans Servicing, LP, formerly known as Countrywide Home Loans Servicing, LP), and Bank of America Corporation ("BAC") (collectively, "Bank of America") and Plaintiff Jeffrey Sanderson (all together, "the Parties") hereby stipulate to the entry of the following Order, subject to the
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STIPULATION AND AGREED ORDER TO STAY PENDING SETTLEMENT PROCEEDINGS IN A RELATED ACTION

TODD J. CAMPBELL, District Judge.

Defendants Bank of America, N.A. ("BANA") (for itself and as successor by merger to BAC Home Loans Servicing, LP, formerly known as Countrywide Home Loans Servicing, LP), and Bank of America Corporation ("BAC") (collectively, "Bank of America") and Plaintiff Jeffrey Sanderson (all together, "the Parties") hereby stipulate to the entry of the following Order, subject to the Court's approval:

WHEREAS, on February 28, 2014, Bank of America moved for a stay of all proceedings in this matter for sixty days to allow for the filing and consideration of the motion for preliminary approval of a settlement, on a nationwide basis, of claims challenging the lender-placement of hazard insurance on mortgaged properties serviced by Bank of America, in the lawsuit captioned Hall v. Bank of America, N.A. et al., No. 12-cv-22700, pending before Chief Judge Moreno of the United States District Court for the Southern District of Florida ("the Hall Court");

WHEREAS, on June 18, 2014, the Hall Court issued an Order preliminarily approving the Hall Settlement, preliminarily certifying the proposed settlement class, and scheduling a final approval hearing on October 29, 2014 ("the Preliminary Approval Order");

WHEREAS, Bank of America contends that Plaintiff Jeffrey Sanderson is a member of the settlement class in Hall;

WHEREAS, the Parties agree that a stay until and through the final approval hearing on the Hall settlement scheduled for October 29, 2014 will conserve the resources of the Parties and the Court;

WHEREAS, the Parties' agreement is without prejudice to Bank of America's right to seek to continue the stay past October 29, 2014, if warranted, or to Plaintiff's right to oppose such a continuance of the stay;

NOW THEREFORE, upon consent of the Parties hereto, it is hereby ORDERED as follows:

1. All proceedings in this case are stayed until and through October 29, 2014; and

2. Bank of America's prior Motion to Stay Pending Settlement Proceedings in a Related Action (ECF No. 23) is moot in light of this Agreed Order.

IT IS SO ORDERED.

Source:  Leagle

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