Free Motion for Miscellaneous Relief - District Court of Delaware - Delaware

Case 1:07-cv-00428-SLR

Document 9

Filed 11/02/2007

Page 1 of 4

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF DELA WARE
In re:

flk/a ResMAE Mortgage Corporation

Merrill Lynch Bank USA, Merrill Lynch Mortgage Lending Inc. , and Merrill Lynch
Funding Corporation

Civil Action No. 07- 428

Appellants

ResMAE Mortgage Corporation , RMC Mortgage Holdings LLC, and Liquidating Trust of ResMAE Mortgage Corporation

Bankruptcy Case No. 07- 10177 Bankruptcy Appeal No. 07-

Appellees.

STIPULATION AND ORDER TO

STAY

APPEAL

WHEREAS on
voluntary petition for relief under chapter
101

, 2007

ResMAE Mortgage
, 11 US. c.
~~

et seq.

in the United States

Bankruptcy

Court

WHEREAS on June 5 , 2007 , the Bankruptcy Court entered its Findings of Fact

Conclusions of Law , and
Reorganization of the Debtor

Plan ) of

Holdings , LLC , Dated June 5 , 2007 (" Confirmation Order ) confirming the Plan.

WHEREAS on June 14 ,

2007 , the above-captioned

Appellants

together with the above-captioned appellees

Parties

) filed their

Confirmation Order (" Appeal"

596. 002- 18366

Case 1:07-cv-00428-SLR

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WHEREAS on July 9 , 2007 , the Bankruptcy Court transmitted the record of the
Appeal to the United States District Court for the District of Delaware (" District Court

WHEREAS pursuant to the Standing Order of the District Court dated July 23
2004 , the Appeal was referred to the Appellate Mediation Panel.

WHEREAS Connor Bifferato , Esquire (" Mediator

) was appointed as mediator

by the Appellate Mediation Panel.
WHEREAS the Parties initially agreed to stay
2007 , and submitted a stipulation to the District Court reflecting this agreement and
the stay (the " First

Stipulation
, 2007 , the

WHEREAS on
Stipulation.

WHEREAS the
mediation through January 15

2008.

NOW THEREFORE , it is hereby stipulated , consented , and agreed by the Parties
as follows:

The Appeal is stayed as set forth below in order to allow
for the Parties to attempt to reach a consensual resolution of the Appeal and related matters.

The

, 2008 , with

submission of mediation statements to the Mediator one week thereafter on January 22 , 2008.
The mediation will be scheduled for a later date at the convenience of the Mediator and Parties.

None of the
stay period agreed to above as evidence in connection with the Appeal , and the Parties reserve
the right to seek an additional extension of the stay period.

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Case 1:07-cv-00428-SLR

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The foregoing adjournment is without prejudice to each Party
seek a further stay of the Appeal on notice to the Mediator.

s right to

The Parties
approval.

(Signature pages follow)

SO AGREED:

It~

~ili'T

Richard S. Cobb (No. 3157) Kerri K. Mumford (No. 4186) John H. Strock (No. 4965) 919 N. Market Street, Suite 600 O. Box 2087 Wilmington, Delaware 19899
Telephone: (302) 467-4400

-and.
Van C. Durrer, IT (No. 3827) Glenn S. Walter SKADDEN, ARPS, SLATE , MEAGHER

Facsimile: (302) 467- 4450
-and-

& FLOM LLP
300 South Grand Avenue , No. 3400 Los Angeles , California 90071 Telephone: (213) 687- 5000 Facsimile: (213) 687- 5600
Counsel to Appellees ResMAE Mortgage Corporation and RMC Mortgage Holdings LLC

Mark S. Indelicato Mark T. Power Janine M. Cerbone

HAHN & HESSEN LLP 488 Madison Avenue New York, NY 10022
Telephone: (212) 478- 7200
Facsimile: (212) 478-7400

Counsel to Appellee Liquidating
ResMAE Mortgage Corporation

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Case 1:07-cv-00428-SLR

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Filed 11/02/2007

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MORRIS, NICHOLS, ARSHT & TUNNELL LLP

94!:
Robert J. Dehney (No. 3578) Thomas F. Driscoll , In (No. 4703) 1201 N. Market Street O. Box 1347 Wilmington, Delaware 19899 Telephone: (302) 658- 9200 Facsimile: (302) 658- 3989
-and-

Walter H. Curchack P. Gregory Schwed Vadim J. Rubinstein LOEB & LOEB , LLP
345 Park Avenue

New York, New York 10154 Telephone: (212) 407- 4000 Facsimile: (212) 407- 4990
Counsel to Appellants Merrill Lynch Bank USA , Merrill Lynch Mortgage Lending, Inc. and Merrill Lynch Funding Corporation

SO ORDERED AND APPROVED this

day of

The Honorable Mary Pat Thynge United States Magistrate Judge

596. 002- 18366