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

Case 1:07-cv-00428-SLR

Document 8

Filed 09/26/2007

Page 1 of 4

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF DELAWARE
In re:

f/k/a ResMAE Mortgage Corporation

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

Civil Action No. 07- 428

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

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

STIPULATION AND ORDER TO STAY APPEAL

WHEREAS on
voluntary petition for relief under chapter
101

, 2007

ResMAE Mortgage
, 11 U.
C. gg

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- 18011

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
2004 , the Appeal was referred to the Appellate Mediation Panel.

WHEREAS Connor Bifferato , Esquire (" Mediator

) was appointed as mediator

by the Appellate Mediation Panel.

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

The Appeal is
Parties to attempt to reach a consensual resolution of the Appeal and related matters.

The

, 2007

submission of mediation statements to the Mediator one week thereafter on November 7 , 2007.
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.

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

right to

The
approval.

(Signature pages to follow)

596. 002- 18011

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SO AGREED:

SKADDEN, ARPS, SLATE, MEAGHER
& FLOM LLP

Dou s
One Rodney Square O. Box 636 Wilmington , Delaware 19899 Telephone: (302) 651- 3000
Facsimile: (302) 651- 3001

-and-

chard 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 Facsimile: (302) 467- 4450
-and-

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

& 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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MORRJS, NICHOLS, ARSHT & TUNNELL LLP

Robert J. Dehney (No. 3578) Thomas F. Driscoll , III (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 September, 2007

The Honorable Mary Pat Thynge United. States Magistrate Judge

596. 002- 180 II