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

Case 1:07-cv-00428-SLR

Document 11

Filed 03/10/2008

Page 1 of 5

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

Civil Action No. 07- 428 (SLR)

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 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

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- 19567. 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
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

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.

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The mediation shall recommence on May 19 , 2008 , with the submission of

mediation statements to the Mediator one week thereafter on May 26 , 2008.
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 each Party
seek a further stay of the Appeal on notice to the Mediator.

s right to

The Parties
approval.

(REMAINDER OF PAGE INTENTIONALL Y BLANK)

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SO AGREED:

~LOM
/Dougl
One R

SKADDEN, ARPS, SLATE, MEAGHER

LANDIS RATH & COBB LLP

II"
(No.

4872)

hard S. Cobb (No. 3157)

11I~j

Box 636 O. Wilmington, Delaware 19899 Telephone: (302) 651- 3000 Facsimile: (302) 651- 3001

Kcrri 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

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

Facsimile: (302) 467- 4450

-and-

SKADDEN, ARPS, SLATE , MEAGHER & FLOM LLP 300 South Grand Avenue , No. 3400
Los Angeles Telephone: (213) 687- 5000

Mark S. Indelicato Mark T. Power Janine M. Cerbone
HAHN & HESS EN

LLP

488 Madison A venue

Facsimile: (213) 687- 5600
Counsel/o Appellees ResMAE lv!ortgage Corporation and RAIC LLC

New Yark , NY 10022
Telephone: (212) 478Facsimile: (212) 478- 7400
Counsel to Appellee Liquidating Trus/

ResMAE ,Hot/gage Corpora/ion

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MORRIS, NICHOLS, ARSHT & TUNNELL LLP

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-

~2eY

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

and Merrill Lynch Funding Corporation

SO ORDERED AND APPROVED this day of

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

596002- 19567. DOC