PNL High Country L.P. v. Eagle's Loft Condominium, LLC et al
Filing
55
ORDER: Granting Stipulated Motion to Dismiss, # 51 , See Order for details. Signed on 1/7/2009 by Magistrate Judge Janice M. Stewart. (da)
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Paul B. G e o r g e , O S B No. 99009 E-mail: geom@fosterpdx.com C a r t e r M . M a n n , O S B No. 96089 E-mail: m a n n c @ f o s t e r p d x . c o m M a t t h e w S. K i r k p a t r i c l { , O S B No. 08382 E-mail: k i r k m @ f o s t e r p d x . c o m F O S T E R P E P P E R LLP 601 SW Second Avenue, Suite 1800 P o r t l a n d , O R 97204-3171 Telephone: (503) 221-0607 F a c s i m i l e : (503) 2 2 1 - 1 5 1 0
O fA t t o r n e y s f o r P N L High Countly, L.P. a n d Federal D e p o s i t Insurance COIporation as receiver f o r IndyMac Bank, F.S.B.
U N I T E D STATES D I S T R I C T C O U R T DISTRICT OF O R E G O N
P N L H I G H C O U N T R Y L.P., Plaintiff, vs.
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C a s e No. 3 : 0 8 - c v - 0 1 1 8 3 - S T
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IPRlPlSEDj O R D E R O F DISMISSAL ( D i s m i s s i n g w i t h p r e j u d i c e c l a i m s against d e f e n d a n t s J o h n Schleining, D e c a l Oregon, Inc., a n d W e s t e r n P r o p e r t y Investments LLC, and terminated counterclaims against counterclaim d e f e n d a n t Federal D e p o s i t Insurance COlporation as receiver for IndyMac B a n k , F.S.B.; and d i s m i s s i n g w i t h o u t p r e j u d i c e c l a i m s against E a g l e ' s L o f t C o n d o m i n i u m , LLC)
) ) ) E A G L E ' S LOFT CONDOMINIUM, LLC, an O r e g o n l i m i t e d l i a b i l i t y c o m p a n y ; VERITAS ) INVESTMENT CO., LLC, a n Oregon limited ) liability company; J O H N SCHLEINING, an ) individual; D E C A L O R E G O N , INC., a n O r e g o n ) corporation; C A L V I N B A T Y , JR., a n i n d i v i d u a l ; ) and W E S T E R N P R O P E R T Y I N V E S T M E N T S ) LLC, an Oregon limited liability company, )
Defendants.
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This matter came before the Court o n January 5, 2009, on the Stipulated Motion to Dismiss with Prejudice as to Defendants John Schleining and DeCal Oregon, Inc. and Counterclaim Defendant Federal Deposit Insurance Corporation as receiver for IndyMac Bank, FSB, and to Dismiss without Prejudice as to Defendant E a g l e ' s Loft Condominium, LLC ("Stipulated Motion"), dated December 1 9 , 2 0 0 8 , filed b y p l a i n t i f f P N L H i g h Country, L.P.
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("PNL") and former Counterclaim D e f e n d a n t Federal D e p o s i t I n s u r a n c e Corporation as R e c e i v e r for I n d y M a c Bank, F.S.B., b y and t h r o u g h their c o u n s e l o f r e c o r d , F o s t e r P e p p e r LLP, b y d e f e n d a n t s S c h l e i n i n g a n d D e C a l O r e g o n , Inc., b y and t h r o u g h t h e i r c o u n s e l o f record, T o n k o n T o r p L L P , and b y d e f e n d a n t E a g l e ' s L o f t C o n d o m i n i u m , L L C , b y a n d t h r o u g h i t s c o u n s e l o f record, C a b l e H u s t o n B e n e d i c t H a a g e n s e n & L l o y d LLP. T h e C o u r t , h a v i n g c o n s i d e r e d t h e S t i p u l a t e d M o t i o n o f t h e a b o v e p a r t i e s , and b e i n g f u l l y advised, O R D E R S t h a t t h e S t i p u l a t e d M o t i o n i s G R A N T E D as follows: 1. P N L ' s c l a i m s a n d the a c t i o n as against defendants D e C a l O r e g o n , Inc., S c h l e i n i n g , a n d W e s t e r n P r o p e r t y I n v e s t m e n t s , L L C , are D I S M I S S E D W I T H P R E J U D I C E a n d w i t h o u t attorney fees o r costs to a n y p a t t y ; 2. P N L ' s c l a i m s a n d t h e a c t i o n as a g a i n s t d e f e n d a n t E a g l e ' s L o f t C o n d o m i n i u m , L L C are D I S M I S S E D W I T H O U T P R E J U D I C E a n d w i t h o u t a t t o m e y fees o r costs to a n y party, to afford P N L the ability to institute a j u d i c i a l o r nonjudicial foreclosure i n t h e future i f n e c e s s a r y to clear title to the p r o p e r t y at issue, p r o v i d e d that s a i d foreclosure ( w h e t h e r j u d i c i a l o r n o n j u d i c i a l ) shall b e w i t h o u t p e r s o n a l r e c o u r s e t o E a g l e ' s L o f t C o n d o m i n i u m , L L C f o r a n y deficiency. P N L shall h a v e t h e r i g h t to prosecute this action o r to p u r s u e n o n j u d i c i a l foreclosure a g a i n s t a n y p a r t i e s o t h e r t h a n d e f e n d a n t s D e C a l O r e g o n , Inc., S c h l e i n i n g , a n d W e s t e r n P r o p e r t y I n v e s t m e n t s , L L C ; and
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3.
The counterclaims o f E a g l e ' s Loft Condominium, LLC, DeCal Oregon, Inc., and Schleining, previously terminated without prejudice, and the action as against fOlmer counterclaim defendant Federal Deposit Insurance Corporation as Receiver for IndyMac Bank, F.S.B. are DISMISSED WITH PREJUDICE and without attomey fees o r costs to any party.
Dated: J a n u a r y ] , 2 0 0 9 .
Submitted by: F O S T E R P E P P E R LLP Paul B. George, OSB No. 99009 Carter M. Mann, OSB No. 96089 Matthew S. Kirkpatrick, OSB No. 08382 O f Attorneys for P N L High Country, L.P. and Federal Deposit Insurance Corporation as receiver for I n d y M a c B a n k , F.S.B.
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CERTIFICATE OF SERVICE I hereby celiify that the foregoing O R D E R was served upon: M a t t Goldberg G. Frank Hammond Albeli N. K e n n e d y P S t e p h e n R u s s e l l III Ava L. Schoen R o b e l i J. Vanden Bos J. Stephen W e l i s Steven M. Wilker Jacob K. Clifton, Jr. matt.goldberg@klgates.com fhammond@chbh.com al.kennedy@tonkon.com srussell@landye-bennett.com avas@tonkon.com bob@vbcattorneys.com swelis@cablehuston.com steven.wilker@tonkon.com
j c1ifton@jc1slaw.com
[X]
as shown above to b e electronically filed with the Clerk o f the Court b y using
t h e C M l E C F system, w h i c h w i l l s e n d a N o t i c e o f E l e c t r o n i c Filing; a n d Western P r o p e l i y Investments, L L C c/o C a r o l y n B a t y , R I A 807 Washington Street, # I 03 K e y West, F L 33040 [X] Vel·itas Investment Co., LLC c/o P. Stephen Russell, III, R I A L a n d y e B e l r n e t t B l u m s t e i n LLP 1300 S W Fifth Ave., Suite 3500 Portland, O R 97201
b y c a u s i n g a c o p y t h e r e o f to b e p l a c e d i n a s e a l e d e n v e l o p e , p o s t a g e p r e p a i d ,
i n t h e U n i t e d S t a t e s M a i l at P o r t l a n d , O r e g o n , o n t h e d a t e b e l o w .
D A T E D t h i s 7 t h d a y o f J a n u a r y , 2009.
/ s / P a u l B. G e o r g e P a u l B . G e o r g e , OSB N o . 9 9 0 0 9 Catier M. Mann, OSB No. 96089 Matthew S. Kirkpatrick, OSB No. 08382 O f Attorneys for P N L H i g h Country, L.P.
P a g e 1 - CERTIFICATE O F SERVICE
30156431.01
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