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

Case 1:07-cv-00428-SLR

Document 10

Filed 01/02/2008

Page 1 of 4

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

flkla ResMAE Mortgage Corporation

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

Civil Action No. 07- 428
Appellants

Res MAE 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. ~~

et seq.

in the United States

Bankruptcv

Court"

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

Conclusions of Law ,

and

Plan ) of

Reorganization of the Debtor Proposed

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- 18366

Case 1:07-cv-00428-SLR

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Filed 01/02/2008

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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 mediation through
2007 , and submitted a stipulation to the District Court reflecting this agreement and requesting
the stay (" First

Stipulation

WHEREAS on
Stipulation.

, 2007 , the

WHEREAS the
mediation through January 15

stay of

2008 (" Second Stipulation
, 2007 ,

WHEREAS on
Stipulation.

the District Court

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 March 17 , 2008 , with the submission
of mediation statements to the Mediator one week thereafter on March 24 , 2008. The
will be scheduled for a later date at the convenience of the Mediator and Parties.

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Case 1:07-cv-00428-SLR

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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' s
seek a further stay of the Appeal on notice to the Mediator.

right to

The Parties
approval.

SO AGREED:
SKADDEN , ARPS , SLATE , MEAGHER

LANDIS RATH & COBB LLP

& FLOM LL

Dougl s

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

,---,J

Ric a
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-

-and -

Van C. Durrer , II (No. 3827)

Glenn S. Walter SKADDEN , ARPS , SLATE , MEAGHER

& FLOM LLP
300 South Grand Avenue , No. 3400
Los Angeles ,

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

California 90071 Telephone: (213) 687- 5000 Facsimile: (213) 687- 5600

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

Counsel to Appellees ResMAE Mortgage Corporation and RMC Mortgage Holdings LLC

Counsel to Appellee Liquidating
ResMAE Mortgage Corporation

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Case 1:07-cv-00428-SLR

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Filed 01/02/2008

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MORRIS , NICHOLS , ARSHT & TUNNELL LLP

/J#:fi1
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 Mary Pat Thynge United States Magistrate Judge

596. 002- 18366