TENNESSEE VALLEY FINANCIAL HOLDINGS, INC. v. BancINSURE, INC., 3:12-CV-380-PLR-CCS. (2014)
Court: District Court, E.D. Tennessee
Number: infdco20140904d76
Visitors: 2
Filed: Sep. 03, 2014
Latest Update: Sep. 03, 2014
Summary: Order PAMELA L. REEVES, District Judge. This matter comes before the Court on the defendant's motion to stay. [R. 22]. In support of the motion, the defendant asserts that the Insurance Commissioner for the State of Oklahoma has filed a receivership proceeding in the District Court of Oklahoma County, Oklahoma to, among other things, seek appointment as a receiver of BancInsure. The Oklahoma Court issued an order in the receivership proceeding enjoining the commencement or prosecution of any
Summary: Order PAMELA L. REEVES, District Judge. This matter comes before the Court on the defendant's motion to stay. [R. 22]. In support of the motion, the defendant asserts that the Insurance Commissioner for the State of Oklahoma has filed a receivership proceeding in the District Court of Oklahoma County, Oklahoma to, among other things, seek appointment as a receiver of BancInsure. The Oklahoma Court issued an order in the receivership proceeding enjoining the commencement or prosecution of any a..
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Order
PAMELA L. REEVES, District Judge.
This matter comes before the Court on the defendant's motion to stay. [R. 22]. In support of the motion, the defendant asserts that the Insurance Commissioner for the State of Oklahoma has filed a receivership proceeding in the District Court of Oklahoma County, Oklahoma to, among other things, seek appointment as a receiver of BancInsure. The Oklahoma Court issued an order in the receivership proceeding enjoining the commencement or prosecution of any actions against BancInsure (n/k/a Red Rock) or obtaining any preferences, judgments, attachments, or other liens against Red Rock. [R. 22-1, p. 3]. In light of the injunction, BancInsure requests this case be stayed pending further orders in the receivership proceeding. The motion is unopposed. Accordingly, and for good cause shown, the defendant's motion is Granted. This action shall be Stayed pending further orders in the receivership proceeding.
It is so ORDERED.
Source: Leagle
