Free Stipulation to EXTEND Time - District Court of Delaware - Delaware

Case 1:07-cv-00428-SLR

Document 12

Filed 05/19/2008

Page 1 of 5

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

f/k/a Res MAE Mortgage Corporation

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

Civil Action No. 07- 428 (SLR)

Appellants

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

, 11 U.

C. 99

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 Proposed

Plan ) of

Holdings , LLC , Dated June 5 , 2007 (" Confinnation Order ) confinning the Plan.

WHEREAS on June 14 ,

2007 , the above-captioned

Appellants

together with the above-captioned appellees

Parties

) filed their

Confinnation Order ( Appeal

596 002- 20445. DOC

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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 (the " Second Stipulation
, 2007 ,

WHEREAS on
Stipulation.

the District Court

WHEREAS ,

the Parties conferred

mediation through March 17 2008 (the " Third Stipulation
WEHREAS , on
Stipulation.
, 2008 , the

WHEREAS ,

the Parties conferred

mediation through May 19 , 2008 (the " Fourth Stipulation
WHEREAS , on March 11 ,
Stipulation.
2008 , the

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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 mediation shall recommence on July 18 , 2008 , with the submission of

mediation statements to the Mediator one week thereafter on July 25 2008. The
be scheduled for a later date at the convenience of the Mediator and Parties.
None of the Appellees will be pennitted to use the fact or

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 each Party
seek a further stay of the Appeal on notice to the Mediator.

s right to

The Parties
approval.

(REMAINDER OF P

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Case 1:07-cv-00428-SLR

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SO AGREED:

~FLO

SKADD

LANDIS RATH & COBB LLP

glas D. Herrmann (No. 4872) e Rodney Square 0. Box 636 Wilmington , Delaware 19899 Telephone: (302) 651- 3000
Facsimile: (302) 651- 3001

Kerri K. Mumford (No. 4186) 919 Market Street , Suite 600 O. Box 2087 Wilmington , Delaware 19899 Telephone: (302) 467- 4400 Facsimile: (302) 467- 4450
-and-

~Ob

-andVan C. Durrer , II (No. 3827) Glenn S. Walter

SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
300 South Grand Avenue , No. 3400

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

HAHN & HESSEN LLP
488 Madison Avenue

Los Angeles , California 90071 Telephone: (213) 687- 5000 Facsimile: (213) 687- 5600
Counsel to Appellees ResMAE Mortgage Corporation and RMC Mortgage Holdings LLC

New York , NY 10022
Telephone: (212) 478- 7200 Facsimile: (212) 478- 7400

Counsel to
ResMAE Mortgage Corporation

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Case 1:07-cv-00428-SLR

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Filed 05/19/2008

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MORRIS , 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

The Honorable Sue L. Robinson Chief United States District Court Judge

596002-20445. DOC