Filed: Mar. 23, 2018
Latest Update: Mar. 23, 2018
Summary: STIPULATION AND ORDER TO STAY ENTIRE CASE PENDING SETTLEMENT (First Request) JAMES C. MAHAN , District Judge . Pursuant to Federal Rule of Civil Procedure 1 and Local Rules LR IA 6-2 and LR 7-1, Plaintiff/Counter-Defendant JPMorgan Chase Bank, N.A. ("Chase"), and Defendant/Counterclaimant/Cross-Claimant SFR Investments Pool 1, LLC ("SFR"), through their respective attorneys, stipulate as follows to stay this action while the parties finalize settlement 1 : 1. On or about January 11, 2018,
Summary: STIPULATION AND ORDER TO STAY ENTIRE CASE PENDING SETTLEMENT (First Request) JAMES C. MAHAN , District Judge . Pursuant to Federal Rule of Civil Procedure 1 and Local Rules LR IA 6-2 and LR 7-1, Plaintiff/Counter-Defendant JPMorgan Chase Bank, N.A. ("Chase"), and Defendant/Counterclaimant/Cross-Claimant SFR Investments Pool 1, LLC ("SFR"), through their respective attorneys, stipulate as follows to stay this action while the parties finalize settlement 1 : 1. On or about January 11, 2018, ..
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STIPULATION AND ORDER TO STAY ENTIRE CASE PENDING SETTLEMENT
(First Request)
JAMES C. MAHAN, District Judge.
Pursuant to Federal Rule of Civil Procedure 1 and Local Rules LR IA 6-2 and LR 7-1, Plaintiff/Counter-Defendant JPMorgan Chase Bank, N.A. ("Chase"), and Defendant/Counterclaimant/Cross-Claimant SFR Investments Pool 1, LLC ("SFR"), through their respective attorneys, stipulate as follows to stay this action while the parties finalize settlement1:
1. On or about January 11, 2018, the Court entered an order extending scheduling order deadlines, which set the deadline to complete discovery for March 12, 2018 and the deadline to complete dispositive motions for April 12, 2018 (ECF No. 69).
2. Chase and SFR have since come to an agreement to resolve all the claims at issue in this case. They are in the process of finalizing settlement.
3. Given Chase and SFR's resolution and to avoid wasting resources and incurring potentially unnecessary expense associated with litigation, including dispositive motions, Chase and SFR agree, and hereby request, a stay of the case to give each side sufficient time and resources to finalize settlement.
4. Chase and SFR anticipate that finalizing settlement will require approximately ninety (90) days.
5. Chase and SFR make this stipulation in good faith and not for purposes of delay.
IT IS SO ORDERED.
