Federal Deposit Insurance Corporation v. Stewart Title Guaranty Company, No. 4:2012cv10062 - Document 50 (S.D. Fla. 2013)
Court Description: ORDER Denying 41 Motion for Summary Judgment Signed by Senior Judge James Lawrence King on 5/6/2013. (jw)
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Federal Deposit Insurance Corporation v. Stewart Title Guaranty Company Doc. 50 UNI TED STATES DI STRI CO URT CT SOUTH ERN DI STRI OF FLORI CT DA KEY W EST DI SI VI ON CASE NO .1 1 2- B062- Kl CV- NG FEDEM L DEPOSI W SURANCE T CORPOM TI ,a Rec i rf ON s e ve or Am -r tBa f us nk, Pli if antf, STEW ART TI TLE GUAM NTY COM PANY, De e nt f nda . / O RDER DENYI SUM M ARY JUDGM ENT NG THI CAUSE c sbe or t Cour upon De e n Stwa tTil Gua a y S ome f e he t f nda t e r te r nt Co a ' CGtwa t t ' M oinf rS mp ny s se r Til ' to o umma yJ dg n ( # ,ie F b u r 1 2 3 . e) r u me t DE 41 fld e r ay , 01 ) Th r i, fn a tS e r Ti es e ss mmayj g n o t elmie is eo t ealg d een Dee d n twat t e k u r ud me t n h i td su f h l e l e u t ln s o Plitf Fe e a De o iI s rn eCo rto s(TDI 'wrt nn tc o n i ie s f an if d rl p st n u a c mo ain' ç C' it oie f me ) e cam.TheCo r i f l bree o t Mo in. TheCo r d n e s mmayj d me t nt i li u ts ul ifd n he to ' y u t e is u r u g n o hs lmi dis e wi u p eu iet tl a oh rmo inf rs mmm.j d me to t eis eo i t su , t t rj d c o 5t n t e to o u e ho y u g n n h su f P eu ie rj dc . 1 Bac ound . kgr Pli iffldisCompl nti t sc eo J y9, 2 ( #1 a Dee antf ie t ai n hi as n ul 201 DE ) nd fndantfldis ie t 1Pl ntf FDI fld isRes e i Opposton o Marh 4, 2 3( / 5,a dDee d n Se r Tiefld i ai if C ie t pons n ii n c 01 DE / ) n fn a t twat t i t 4 l e s Re yo Mac 2 , 01 ( / 7 .Dee d n fldi Sae n o Maeil cs( # )o Fe r ay 1 2 3 pl n rh 5 2 3 DE / ) fn a t i t ttme t f tra Fat DE 42 n b u r , 01 , 4 e s a dPlitf F C tld isRe p n et Se r Til' Sae n o MaeilFat a isAd iin lFat ( n anif DI ie t s o s o twat t s ttme t f tra cs nd t dto a cs DE e # 6 o Mac 4 201 4 ) n rh , 3. Dockets.Justia.com An we o Aug t6 201 ( # ) At Rue1 ( )sh d l g c n ee c h l Se e e 25 s r n us , 2 DE 7 . a l 6b c e ui o fr n e ed ptmb r , n 201 t Cour a t pa tesi ntfe t q ton of90 da no ie asadipostve is i 2, he t nd he ri de ii d he uesi y tc s ii s ue n tec s ( # ) l b if p risc ne twh t e t wrt nnoieo cam t a Plitf h a e DE 21. n re, a t o ts eh r he it tc f li h t anif e e FDI s ntt Def nda St wa tTil wastme y t rt 90 da r quie e i l C e o e nt e r te i l mde he y e r m nt ncuded i t n he co igp oe to lte ( lsn r tci n etr CPL)f re c o tetr es be t o la si s r db Dee d n o a h f h h e u jc h me o n n u e y fn a t St r Til The e tr t Cour s ta s he e f rlm ie di c r on t notc i s t be ewa t te. r afe ,he t e c dul o i td s ove y he ie s ue o flo db b ifn o s mmayj d me tl tdt teq eto o n tc ( # 3 fld o lwe y rei g f u r u g n i e o h u sin f o ie DE 2 , ie mi S pe e 2 , 01 ) Du t ds o eyd s u e ,h Co r e tnd dteb ifngs h d l i is e tmb r 8 2 2 . e o ic v r ip ts t e u t xe e h rei c e u e n t De e r1 , 1 Or e ( # 9 .Asidc td a o e p rish vesn ef l b if dt e c mbe 1 20 2 d r DE 3 ) n iae b v , a t a ic ul ree h e y i s m a ng i rpef r i byt Cour. Thef l ng f c sae t nt sed,t es s ut, ki t i or ulng he t olowi a t r mco e t ml s ohewien tdb teCo r.( e Dee a tsS ae n o M aeil cs( # 2 a t r s oe y h u t S e fnd n ' ttme t f tra Fa t DE 4 ) nd Plitf sRe po et tesae n ( # 6 ) an if s ns o h ttme t DE 4 ). Thi c ei vol sr alesa el nsm a i 2008byAmr us Ba t t e i vi l : s as n ve e tt oa de n rr t nk o hr e ndi dua s J Pa oM a l M a r o,a W i o La a.The Cour obs r e t tt soresoft uan bl ya, von rer nd nl nuz t e v s ha he t i he t el hr e oansf l t s m ege r c onol y:Am Tr s m a a l n i mnii by aCPL olow he a ne al hr og u t de oa nde fed fom Stwa t us, heborowe def ule ont pay e s and t pr t wa dipos d ofa r e r Tr t t r r a t d he m nt , he opery s s e t afnawi l st Amrr t The CPL bac ngea h oft t e l nsc ai d t s me i l al os o r us . ki c ht hr e oa ont ne ht n saut iy ma t d l t t orl nda e angua r uie by Se ton 69 1 .01 oft Fl i Adm i sr tve ge eq r d ci 0- 86 0 he orda nitai Code.Ea h CPL i t sc e i l c n hi as ncuded,i e ala,t f l ng t : ntr i he olowi ext ( h S e r TieGuaa t Co a y s b e tt teCo dto sa dExcu inss t Tle twat t l rny mp n , u j c o h n iin n lso e f t be o he e a ee t r i orh l w, r by gr s o embur eyou f ac ua l si ur e by you i c s or t l os nc r d n onne ton ci wih s cosngswhe c t uch l i n onduc e by s i Is ng Age o Appr d Ator y whe td ad sui nt r ove t ne n s h l sa iesoutof uc os rs : 1. Fal eofs i Is ng Age torAppr d Ato ney t compl wih yourwrte iur ad sui n ove t r o y t itn cl i i tu tons... osng nsr c i 2. Fr ud ordihone t ofs i l s ng Age orAp ove Ator y i ha i your a s sy ad s ui nt pr d t ne n ndlng 2 f undsordoc e si co eci w ih s h c osng. um nt n nn ton t uc l i CONDI ON S AND EXCLUSI S TI ON Cl msofl ss lbem a pr ai os hal de ompty t t Stwa tTil Guar nt Compa a l o he e r te a y ny t isprnci lofi e a P. Box 2029, t i pa fc t O. Houson, Te s77 t xa 252. W he t f l e t gi n he aiur o ve p o tn tc s al rj dc teSe r Til Gu r nyCo n te la ii o t r mp oie h lp eu ie h twa t te aa t mpa y,h n iblt f he y St wa tTil Gua a t Compa he e e r te r ny ny r unde s l ber ucedt t e e ofs h r ha l ed o he xt nt uc p eu ie Th S e r Ti eGu r nyCo n s al tb l bl h r u d ru ls rj d c . e twa t t a a t mpa y h lno e i e ee n e n e s l a notc ofl si wrtng i r c ve byt St wa tTil Gua a y Compa wihi ni t ie os n ii s e ei d he e r te r nt ny t n ne y ( da fom t daeofdic r ofs hl s 90) ys r he t s ovey uc os. ( #14,16,a 18) DE - - nd - . W hiet Cour a e a e t r pe ii nam eoft f l ng r cia i n off cs t l he t ppr cit s he e ttve t he olowi e tto a t, he Cour fndst tt dat ofe n sa ec ii lt c a iyi a addr sng t l ga quesi of t i ha he es ve t r rtca o l rf ng nd es i he e l ton tm ey notc i l i e. The M ayal n,f r$1, 4, cl e on J 5,2008. Ther a e CPL i daedM ay oa o 23 492, os d une elt d s t 21 2008.Prort t l n cl i Am Tr tha t pr ry a a s On M a 23, 2008, , i o he oa osng, us d he ope t ppr ied. y Da d Rui ofGe ntTr s Appr i asvaue t pr ry a $1, 0, vi z nui ut a s l l d he ope t t 65 000. Thel n we i t oa nt n o de a ton J a y 1 2009,whe M a f ie t ma t payme d on t tdae. O n f ul mm r , n ya a ld o ke he nt ue ha t Feb ua y 11 2009,Am Tr tsr viw a a s r M a k M ac r r , us' e e ppr i e , r Laug i ofA1 Ke Appr s lCo. hln 1 ys aia , a s re t tt vaue oft pr ry onM ay23 2008wasa t l onl $775, s e td ha he l he ope t , c ualy y 000. l a n n appr ia da e M a c 9, as l t d r h 2009,M ac ug i saed t tt pr t svauea ofFe u r 1 La hln t t ha he opery' l s br a y 7, 2009 had d r a edt $485, ec e s o 000.On J 3, une 2009,AmTr ts d t f e os t l n,al gi us ue o or cl e he oa le ng a outt ndi ba a eof$1, ,42.6.On Dec n sa ng l nc 2312 3 embe 4, r 2009,Pli ifFDI wa a nt d a ntf C s ppoi e Re ei rf Am-r tBa On Se e r 1 2011 t pr ry s d a af ecos es l f c ve or r us nk. pt mbe 3, , he ope t ol t or l ur a e or $1 On No 00. vembe 1 2011, heFDI is d a admi sr tves r 4, t C s ue n nitai ubpoe t W el Fa go na o ls r Bn N . . e tng d umen a i r lt d t t down pa e m a by M ayai conne on nk, A r quesi oc t ton ea e o he ym nt de n di 3 wih t ta a tonsa is i t sc e.2 On De embe 1 2011 W e l Fa go pr t he r ns c i t s ue n hi as c r 6, , ls r oduce ba d nk r c dsr lt d t t s e or ea e o he ubpoe a onJ nua y 6,201 W elsFar pr ed a tonal na, nd a r 2, l go oduc ddii a r 0 r or . On J nua y 1 , 201 t FDI s ntwrte notc o cl m on t M a l n t ec ds3 2,ht C e itn ie f ai he ya oa o Se r Til (e ev db Se r Tieo J n r 1 , 01 ) Th Co r n tst a t esme twa t te rc ie y twa t t n a uay 2 2 2 . e u t oe h t h a l notc lte i l t urhe es ha i e etr ncuded cai son a1 t e l nsa is i t sc s .4 The Cour f t rnot t t lm l hr e oa t s ue n hi a e t FDI Sno i eltera lgt i e ala, ha St r Til ' cl i age f l d t co pl he C' tc e t lt d, ntr i t t ewa t te s osng nt aie o m y wih cosng i tu tonsa t tt a nta t d fa e l a dihonesl .s t l i nsr c i nd ha he ge c e r udul nty nd s ty The M a r r l n, or$1,48, 0, os on Oc obe 22, r e o oa f 2 75 cl ed t r 2008.TheCPL i da e s td Se e r1 2008.AmTnztha t pr ry a a s t c on Se e r 1 20 M i l pt mbe 6, s d he ope t ppr ied wie: pt mbe 6, 08, gue Fe e ofAti Appr ialSe vce a pr ie t pr ry a $1675, and on Oc ober6, bls rum a s r i s p as d he ope t t , 000, t 2008, a d Rui o Ge neTr s Ap as l a as d t pr pe t a $1, 00 Thel n D vi z f nui u t pr ia s ppr ie he o ry t 678, 0. oa wen i odt a ton J nua y 1 2009, n M a r r f ie t m a t pa e dueon t tda e. t nt f ul a r , whe re o al d o kt he ym nt ha t 0n Febr a y 1 2009,Am -r s ' r vi a aie , a la i ofA1 Ke Appr ial u r 7, r u ts e ew ppr s r M c w ughln 1 ys as , as e td t tt val oft pr ry on Se e r 1 2008wa a t l onl $755, s re ha he ue he ope t pt mbe 6, s c ualy y 000.I a n n a aia da e M a c 6,2009, a ughln sae t tt pr ry' vaue a ofFe a y 1 , ppr s l t d r h M cLa i t td ha he ope t s l s bru r 7 2009 ha de r a e t $520, d cesd o 000.On J y 7,2009,Am -r ts d t f r l et l n,a l i ul l us ue o o ec os he oa leg ng - a outt ndi ba a eof$1, 240. On Dec m be 4, n sa ng l nc 248, 21. e r 2009,Pli ifFDI wa a n e a ntf C s ppoi t d Re e ve f Am Tr tBa . On Ocobe 1 201 t FDI 6as i nedt M are o morga t c i r or us nk he rr t ge o t r 5, 0, he C sg Re i nta Cr di Sol i ,l f rt s of$1 OnNove be 1 2011 t FDI is d sde i l e t utons nc. o he um 0. m r 4, , he C s ue 2Thi i an a tona f tasere by Pl ntF FDI i c c i wih isRe pons t t M oton f rSummar s s ddii l ac s td ai i C n onne ton t t s e o he i o y J d me t(e DE # 6 .Dee d n d e n tc nethifc i isRe ya dteCo r fn sit b tu . u g n se 4 ) fn a t o s o o ts t s at n t pl n h u tid to e r e 3Thi i an a tona f tasere by Pl ntf FDI i c cton wih isRes e t t M o i f Summ ay s s ddii l ac s td ai if C n onne i t t pons o he ton or r J d me t(e DE / 6.Dee d n d e n tc nethsfc i isRe l a dteCo r fn sit b tu . u g n se / ) fn a t o s o o ts ti at n t py n h u tid to e r e 4 4(e DE# 2 1 ) S e 4 -6 . 5a 6Al o g Dee a tsS ae n o MaeilF cssae ta AmTrs Ba k asg dtemo ta e( 27o DE t u h fnd n' ttme t f tra at tts h t h u t n sine h rg g ! f / 2 ,h Co r' rviw o teMo ta eAsin n ( # -2c n lmst th FDI a Re ev rf rAmTr s, / )te uts e e f h rg g sg me t DE 42 1 o f ha te C s cie o 4 r ut asi dt m orgag sgne he t e. 4 a a nita i s bpoe t W e l Far o r que tng do n dmi sr tve u na o ls g e si cume a i r a e t t down nt ton elt d o he pa ntma by M a r o i c yme de rer n onneci wiht ta ac i a i s i t sc e. On ton t he r ns tons t s ue n hi as ? De e be 1 2011 W elsFar pr c m r 9, , l go oduc d ba r or r l e t t s e nk ec ds eatd o he ubpoena a onJ nuar , nd a y a r 0 9, 2,W elsFa gopr e ad to r co ds8 O n J nua y 1 , 201 t FDI s wrte 201 l r oduc d dii nal e r . 2, he C ent itn notc ofc am o t M a r r l nt Stwa tTil ie l i n he re o oa o e r te. Thel nt Lan a,or$1, 6, 0,cos o Ocobt 22, oa o uz f 25 25 l ed n t r 2008.OnSe e ptmber1 7, 2008,Da d Rui ofGe neTr s Appr ia sa as d t p o rya $1, 000. On J 5, vi z nui ut as l ppr ie he r pe t t 678, une 2009, Tr ts t f e os t l n. The Co tnot t tAm- us' ve ii d c Am us ued o or cl e he oa ur es ha fr ts rfe ompli ant f f r c os ealeg a outt ndi baanc of$125 523. 9 On December4, 2009, br o e l ur l ed n sa ng l e , 4, 65. Pli ifFDI wa a nt d Re ei rf Am -r tBank. On J nua y 21 201 Lanuz fld a antf C s ppoi e c ve or l us a r , 0, a ie Sum ma y ofSche esi hi pe s na ba pt a ton t tlse t val oft pr ry a r dul n s r o l nknz cy c i ha it d he ue he ope t s s , 4,23. $61 1 1 a d t de owed a $125 5 65.Thi Su ma y ofSc 5, 79 0 n he bt s m r hedul wass r edon es ev AmTr ta acr dior The Co tnot t tt Summ a y ofSc dul si c t st ts h us s e t . ur es ha he r he e ndia e ha uc m r 4 notc wass r d vi fr tc a sm alon M a c 3,201 l On Nove be 1 , 2011 t FDI ie e ve a is l s i rh 0.l , he C i s d a ad i sr tves s ue n m nita i ubpoe t W el Fa go r uesi doc e a i r lt d t t down na o ls r eq tng um ntton ea e o he pa e madeby La ai c ym nt nuz n onne ton wih t tans tonsa is i t sc e.2 On ci t he r aci t s ue n hi as 1 De e be 1 2011 W elsFar pr c m r 6, , l go oduc d bankr or r l td t t s e ec ds e ae o he ubpoena a onJ ua y , nd an r a r 0 1 201 W elsFa gopr duce a to r c ds1 On J nua y 1 , 201 t FDI s t 2, 2, l r o d ddii nal e or .3 2, he C en 1Thi i a a tonalfc a s re by Pli ifFDI i c s s n ddii a t s e td antf C n onneci wih isRes et t M oto f Summa y ton t t pons o he in or r J d me t(e DE# 6 .Dee da t o sn t o ts ti fc i i Re l a dt eCo r fn sit b tu . u g n s e 4 ) fn n d e o c net hs a tn t py n h u t id t o e re s 8Thi i a a tonalfc a s red by Pli ifFDI i c s s n ddii at set antf C n onneci wih is Res et t M oto f Summay ton t t pons o he in or r J d me t(e DE # 6 .Dee d n d e n t o ts ti fc i i Re ya dt eCo r fn sit b tu . u g n s e 4 ) fn a t o s o c net hs a tn t pl n h u t id t o e r e s 9(( DE / 2 1 ) sr / -3 . e 4 1 Pa te a r et tPl ntf FDI hasnotpr e a u td a aial frt pr ry. 0 ris g e ha ai if C oduc d ny pdae ppr s s o he ope t l(e DE # 2 1 ) lS e 4 -5 . . 1 Thi i a a to fcta s red by Pl n ifFDI i conne ton wih is Res e t t M oton f Summay 2 s s n ddiinal a s e t aitf C n ci t t pons o he i or r J d me t(e DE # 6 .Dee d n d e n t o ts ti fc i i Re ya dt Co r fn sit b tu . u g n s e 4 ) fn a t o s o c net hs a tn t pl n he u t id t o e re s 1 Thi i a a to fcta s re by Pl n ifFDI i co ci wih isRes ns t t M oton f Summay 3 s s n ddiinal a s e td aitf C n nne ton t t po e o he i or r 5 m itn no ieofca m on t La te tc li he nuzal n t St wa t te. oa o e r Til Alh u ht eCo r a k o e g st t fn a th sn tc n e dfa (e n. , t o g h u t c n wld e ha Dee d n a o o c de rud J e 4 DE #47) a whiet Cour doesnotma aûndi a t stmeast whehe t cl i ag t , nd l he t ke ng t hi i o t r he osng en f ie t c al d o ompl wih cl i i t u tonsoraced fa en l a ordihonesl t Cou t y t osng nsr c i t r udul ty nd/ s ty, he r fndsi c edi et tPl ntf frtdic r t f t t ta lge y s i t r bl ha ai if is s ove ed he ac s ha le dl uppor s h alegai t uc l tons t oug t bn r or r c ve i De mbe a J nua y of2011.SeePl ntf Res e i hr h he nk ec ds e ei d n ce r nd a r ai ifs pons n Opposto t t M otonfrSummayJ iin o he i o r udgme ( #45)a 1 s aloPl ntf sAmende nt DE t 2; ee s ai if d Rep n et I tro ao y/6o Dee d n ' Se o d S to ltro ao is( # -) Alo, s o s o n er g tr / f f n a ts c n e f n er g t re DE 46 8 . s whienet rpa t sStt m e ofFa t r f e esho orwhe s h a de aloc r d,he l ihe ry' a e nt c s e er nc w n uc ni cure t Co r ifr fo tepla ig t a b t e J n a y 1 201 (h d t o whc Dee d n u tn es r m h e dn s h t ewe n a u r 2, 2 t e ae n ih fn a t r c ie Plitf' cam lte)a dJ l 9 2 2(h d t o wh c t ePlitf fldt ei tn e ev d an ifs li etr n uy , 01 te ae n ih h an if ie h nsa t lws i) Dee a tnf r dPlitf ta iwo l n t emb ret etr ecams a ut, fnd n i o me anif h t t ud o r i u s h h e li . I .Le lSt ndar f Sum mar Judgm e I ga a d or y nt S mma yj d me ti a p o raewh r t ep e d n sa d s p o t gmae il e tb ih u r u g n s p r p it ee h la i g n u p ri n tras sa ls t tt r i no ge neis ast a m aera f ta t tt m ovi pary i en il t ha he e s nui s ue o ny t il ac nd ha he ng t s tted o j d me t samatro lw.Se F d R. v. 5 ; l txCop.1 Car t, 7U. 31 , 2 ug na te f a e e . Ci P. 6 Ceoe r , tet47 S. 7 3 2 . ( 9 6 .d eofhep icp l u p s so tes mmayj dg n r l i t ioaea d ds s o 18) s on t rn ia p r o e f h u r u me t ue s o s lt n ipo e f f cua l t uppo td cli orde e e .'Ce otx,477U . a 323 a t ly ms re a ms f ns s' l e S. t -24. Themovi pary be st bur n ofpoi i t t pa toft r or t ts ng t ar he de ntng o he r he ec d ha howst he a e e ofa genui i s ofm a e i lf t SeeAdi k s v S. Kr s & Co. 398 U . 1 1 bs nc ne s ue t r a ac . ce . H es , S. 44, 57 ( 9 0 ; lnv T s nFo d , n . 1 1F.d6 2 6 6( 1h Ci.1 9 ) On temo i pat 1 7 ) Al . y o o s l c, 2 3 4 , 4 1 t r 9 7 . e h vng ry e J d me t(e DE # 6 .Dee d n d e n tc nethifc i isRe ya dteCo r fn sit b tu . u g n se 4 ) fn a t o s o o ts t s at n t pl n h u tid to e r e 6 esa ihe t a e eofa ge ne is ofm aera f c , hebur n s fst t nonm o ng t bls s he bs nc nui s ue t il a t t de hit o he vi pa t t go be ry o yond t pladi a de i t ç pe fc f c ss he e ngs nd sgna e s cii a t howi t tt r i a ge ne s ng ha he e s nui is ef rtil'Ceoe , 7 U. a 3 4 s eas Ch n lI c v Ia inAcie a o a, n . su o ra . l tx 4 7 S. t 2 ; e lo a e, n . . tl ' a t we r fFl.I c, v 9 F.d 1 2,1 7 ( 1hCi. 9 )( odngt t h n n vngp rymu td o f r r 31 2 47 4 7 1 t r 1 91 h li ha t e o mo i at s ç me o wad c wihsgniia , obatvee denc de tai t exitnc ofatibl is off t'. t i fc ntpr i vi e monsrtng he se e ra e sue ac.) ' ç mma yj d me tma b ia p o raee e wh r t ep risa r eo t eb sc d su r u g n y e n p r p it v n ee h a t g e n h a i e f c s butdia e aboutt f c ua i e e st ts d bed a fo t s f c s' War or a t, s gr e he a t l nf r nce ha houl r wn r m he e a t .' ri T mbgb eT a s Co, n . . / nFu g 6 5F.d 1 9 ,1 9 ( 1h Ci. 98 ) Ona o i e r n p. .I c v M vNa n , 9 2 2 4 2 6 1 t r 1 3 . moinf rs mmayj g n ,h c u t s ve t e ie c a drs l alifr n e i t e to o u r ud me tt e o r mu t iw he vd n e n e ove l n ee c s n h lg mos f vor bl t t nonm o ngpa t SeeAnde s v fi ry Lobb I . 477U . 242, iht t a a e o he vi ry. r on . be t y nc , S. 2 5( 9 6 .Ho v r amees itlao e ie ei s p o t f h n n vn p ry sp sto 5 1 8 ) we e , r cnil f vd nc n u p r o t e o mo ig a t' o iin i i u fce t od fa amoinf rs mma yj d me t Se i a 25 I tee ie eo fr d s ns fiin t ee t to o u r u g n . e d t 2. f h vd nc fe e b teno mo n pa t i meeyc lrbl o i n tsg fc nl p o tv , u r j d me t y h n vig ry s r l oo a e r s o iniia ty r bai e s mmay u g n i pr r Se i a 249 s ope . e d. t -50. I l D i c s on l . s us i çr e(n et il is rr s al o b la l h rt e u ls n tc o l s i wrtn i ih i s r t e n u e) h l n t e ib e eemd r ne s oie f o s n iig s t rc ie b te(n e til i u e)wihnnn t ( 0 d y fo t da eo dic ve yo s h e ev d y h is r tte ns rr t i iey 9 ) a s rm he t f s o r f uc I s' Se ton690- 86. 0oft Fl Ad n. os. ci ' 1 01 he a. mi Code(mphassadde .l ot wo ds oncet e i d) n her r , he i s rdh sç ic veld . . u hl s'teis r dh snn t d y i wh c t noiyte n u e a d s o re l . s c os, h n u e a iey a s n ih o tf h d ' i ur ofiscl m . ns er t ai A pl i r adi oft txtmi htbet tt o y dic r a i tr d ne d m a bef e an e ng he e g ha he nl s ove y n nsze e ke or t 90da coc sarsi t tafna i l soc ure Howe r s a i e r t ton wo d he y l k t t s ha i ncal os c r d. ve , uch n nt m e a i ul dir ga d t ne d f t knowldget ts h l sc dpo e i l be ac r d l s l woul s e r he e or he e ha uc os oul t ntaly ove e os . t d bea ur f e mpl ,t i e r tt CPL t r r t i ur t s nd notc ofcli e y bs d, or xa e o nt m e he o equie he ns ed o e ie a m ver tme i l tmone on a morgagetans ton. Li a i ur nc polcy,t Fl rdaCPL i t os y t r aci ke ny ns a e i he o i i l sc r gegui lne f wha i, a by i plc ton,i not acove ed l s nc ude ove a dei s or t s nd m i ai s , r os . The e a eonl t f de aldititc tde ii nst tdie ty i e r tt 90 da notc r r y wo e r src our c so ha r c l nt m e he y ie r quie e i t Fl i CPL: de alDe i I ur e Cop., a Re ev r o I d Ma e r m nt n he orda Fe r post ns anc r s c ie f r n y c Sla/ FSB v Ator ys' teI u anc Fun4 I .etal,Cas No 10- 1197- V ( , . t ne Til ns r e nc, . e 2 Cl . Hu k a d ta( D. a M a 1 , 01 )(l o )($WyMJ ', n US. n Nai n l s' v c o n sr S. Fl. y 7 2 1 si p. $? p f c' a d ) Ba k to a As n , Fis r tAme ian Til I u anc Co.No. 10- 503, 2 2W L 1 8 7 ( . Fl. 01 ) rc te ns r e , 2: cv01 0 08 6 M D. a 2 2 (1l . n t Thec u t i I d ca d U S Ba kr l o a l o s1w i oh rae st $ S Ba kb. L o rs n n yMa n . n ey n naog u a n te r a o i t p r tt Fl rdaCPL: nd acl n e e he o i I yM ookst t lw ofe pl e fdelt bonds a U S.Bank o he a m oye i iy , nd a 4 t ugh npubls d, t ypr de hepf gui nce. ihe he ovi l k t g r lFl i i ur ncelw 1.Alho u oo s o ene a orda ns a l ul da l l d Ma , si t ec s a ba,h FDI h dtke o e afi ngb n (n y a )a n n y c a n h a e t r t e C a a n v r al n k I d M c s i Re i r Ther lva da e i I yM ac a easf l : r alesa epur has f nd by t ceve . ee nt t s n nd r olows A e tt c e, u ed wo i mni l ns t plcei Fe u yof2007. On Se embe 26, nde fed oa , ook a n br ar pt r 2007,l dyM acis d a n s ue Fr ud Rec r a Los M ii to Re r on t cosng oft t n- f uled l ns. a ove y nd s tga in po t he l i he he de a t oa Ac or ngt t c q t i tr d de i tl kne oft f c ss c di o he our he nsle fnie y w he a t uppori po e ilc r geby tng t nta ove a Se e rof2007.On Dec m be 3,2007,l pt mbe e r ndyM a c ge of oneoft l nsa aco plt c har d f he oa s m e e l s ada eo whi h,a cor ng t t c qt i ur s f r a t ll s 1 I J y of2008, os , t n c c di o he our he ns ed ufe ed c ua os . 5 n ul t FDI t ove I he C ook r ndyM a a i rt d t l ns a i M ay of2009,t FDI s ntacai c nd nhe ie he oa , nd n he C e lm 1 The tru toft US. Ba ko no f c s so teq eto o p eu ie frwhc tec uttr st g n rl 4 h s he n piin o u e n h u sin f rj dc, o ih h o r un o e ea is rn e1w t itmrth CPLln u g .Asp r oft p eu iea ayss teUS. n c u t a t a de ste n ua c a o ne e te ag a e at is rj dc n l i,h Ba k o r h d o d rs h 9 dyntc.Theeoe whi n seii lw ictdfrtecutsf dijrgrigte9 dynoieise i 0 a oie rfr, l o p cfc a s i o h o r' i n eadn h 0 a t su ,t e e n c f lwst tt cou tsgene a r la o Fl i i ur e l i o me ls i emr tton oft 90 da notce olo ha he r' r l eince n orda ns anc aw nfr d t nt eai he y i r uie eq r mentoft Fl i CPL. he orda 'Th q eto o wh te teewa a ta ls wa a oh risei I kMa . ' e u sin f eh rh r s cu l os s n te su n n c 8 l te t t de e nti u erf t l s .On Sum ma yJ e tr o he f nda ns r or he os es r udgm e ,hede e nti ur r nt t f nda ns e ar dt tt cli w a untm ey be us a t ll st plcemor t n 90 da bef et gue ha he am s i l ca e c ua os ook a e ha ys or he no ieofcam lte .Thec ta e tc li e tr our gr ed. TheI yM acc tsanayssa l z t 1 w ofe oyeefdeiy bondst t nd our' l i na ogies he a mpl i lt o he Flrd CPL.Th c u t e a wihM a n laMa a e n Cop. . de a I s r c Co ( oia e o r b g n t g o i n g me t r v Fe r l n u an e . 06 0 4 , 0 7W L 41 4 6( . La No .1 , 0 7 )whc h l t a t enoiep ro b gn 4720 2 49 W D. . v 9 2 0 ), ih ed h t h tc eid e is wiht hedic y off c sgi ng rs t apo e i cai - nott dicove y oft e e of t d t s over a t vi ie o t ntal l m he s r he xt nt l s . I d Ma a # 0( u tn Ma oi Mg . t* ) Th I d M a c u t o tn e wihffh o s' n y c t 1 q o ig gn l mta 6 . e n y c o r c n iu d t it ' a cruto iin , uc a FDI v Aen Ca u t ( S r t Co, 26F.d 7 9 7 9(t Ci. ic i pno s s h s C . ta s al f u ey .4 2 2 , 3 5h r y 1 7 ) I d Ma q o e Aen Ct m l çl ewele tbih dr l i t t h l s rdu d ra 9 0 . n y c u ts t a u? / l- l-sa ls e ue s ha t e n u e n e z: -h b n k t mpo e ' fdeiyb n i n t o n t g v n t edn ih ( s a q rdk owld e ln e e ly e s i lt o d s o b u d o i e oi u tl e ha ) c uie n e g c o s mes e ii fa d ln o ds o e t c wh c mi h ivov te(n u e)i la iiyf rte f o p cfc r u ue t r ih n s a t ih g tn le h I s r r n ib lt o h m ic s onduc . Notcei notr quie whe t oblgeemer l s pe t o ha r as t s pe t t' i s e rd n he i ey us c s r s e on o us c t wr he ongdoi ' I yMaca #11( i Aena Cas t 426F. a 739,whihquot ng. nd ' t quotng t ualy, 2d t c es A me .s d/ Co v Pa l 1 0U..1 3 1 4( 8 8 Astec u t oei I d Ma ,çsolng r kkr .p . . uy, 7 S 3 , 4 1 9 :. h o r wr t n n y c S l o l ast e FDI o ispr dec s orI h C r t e e s ndyM acha knowldg ofs ii a st tmayti gerCPL d e e pecfc ct ha rg co r ge a ha knowldget tt c lt r lwasi uf e t c rt a o oft l ns ve a nd d e ha he ola e a ns scint o ove he m unt he oa , i ç s ove e an a t ll swihi t m e ni oft CPL.'I yM aca #11 t dic r d' c ua os t n he a ng he ' nd t . l isRepl t t i t n M o i De e nte our ge t sCour t r d I yM acas nt y o he ns a t ton, f nda nc a s hi t o ea nd onl ha ng de de upon whe t a t ll st pl c a t tt cour neve addr s edt y vi ci d n he c ua os ook a e, nd ha he t r e s he ques i ofwhe he a uall s wihoutdi co y oft f t gi ng rs t a pot ntalc a m , ton t r ct os , t s ver he ac s vi i e o e i li c udsa th 9 d yco ko n tc .( # 7 .S c a itr r tto o I d cino e t e o l tr t e 0 a lc n o ie DE 4 ) u h n nep eain f n yMa g r s h c tsl borousdic son oft 1w ofe oye fdeiy bondsa c e f ise f tso our' a i s us i he a mpl e i lt s ont xt or t for ç t gi m e ni t t t r t s r ofs h l s un t CPL.'l yM ac a *11 Thec ti ve a ng o he e m dicove y uc os ' der he ' nd t . our n l Vv cd l e aeyd ûne tep r s i ic v r o s hl s' sicu i bohd so e yo n Ma ei rt l e s h h a e s s o ey f uc os'a n ldng t ic v r f b d acua l sa dico y oft f c sgi ng rs t pot nta c r ge.1 t l os nd s ver he a t vi ie o e i l ove a d. l 201 t M i e DititofFl rdaa e s d t que ton oftmelnes t rt 90 n 2, he ddl src o i ddr s e he s i i i s mde he da notc pr son i U S.Bank y i e ovii n .The U S.Bank tme i wa a f l w s t i ur kne of i lne s s olo : he ns ed w t etted fc (h fcsgvn rs t ap tn il li u e t eCPL)byet rAp i 8 2 0 o h il ee t te a t iig ie o oe ta cam nd r h i he rl , 0 8 r J y 31 2008.Thenotc ofcli wa da e Nove be 1 2008.The f e l u e s e- a t l ul , ie am s t d m r 9, or c os r al cua l s -wa De e e 2 , 0 ,je tecam wa ma e I i Re p n e( # ) Plitf o s s c mb r 9 2 08 a tr h li s d . n t s o s DE 45 , anif s a gue t tt co ti U S.Bank f r s ha he ur n ound t tt c am lte wa untm e y unde t 90 da r e. ha he l i et r s i l r he y ul W hie U S.Bankdoessa et tt Se trno ie wa nottmeys t dec son pr ee f t r l tt ha he t te tc l s i l ' he i i ' oc ds urhe t e pl nt tbec us acua l st plcea trnotc wa s nt ç hepolc pr t c i o x ai ha a e t l os ook a fe i e s e ,f t iy o e ton rman i efc b t rj dc fo lc o a e rirn t eta teNo e e 1 , 0 8lte e is n fe t u p eu ie r m a k f n ale oi h n h v mb r 9 2 0 etr c . . . mus bewei d.' U S.Bank a * - 6. The e or alhough U S. t ghe ' t4 r f e, t Bank hed t tt a ount l ha he m o ri u sme two l b af ce b p eu ie(h n u t ftmeteis rdwatdt f emb re n u d e fe td y rj dc te mo n o i h n u e ie o notf t i urrafe dic rngt fcsgi ngrs t apotntalcam) t noi is l wa iy he ns e tr s ovei he a t vi ie o e i li ,he tce tef s s iltmel undert 90 da r quie e a t cl m wa silpotntaly c e Folowi tl i y he y e r m nt nd he ai s tl e i l over d. l ng t sr as ni i a 1ot f c sr m ane t s m ebutt i ur d hadnotnotfe isi ur r hi e o ng, f 1 her a t e i d he a he ns e ii d t ns e u tl r ta 9 d ysa rtefr co u es l,t cam wo l h v be nu tmeya dt n imo e h n 0 a he h o e ls r ae is li u d a e e n i l n he i ur rco dha wa ke a y bec us oft 90 da no i epr so ns e ul ve l d wa a e he y tc ovii n. Re d t t r I d acand U S.Bank r quie t ta i ur d m us ha dic r bot a ogehe , n yM e r ha n ns e t ve s ove ed h ac uall sand t f c s gi ng r s t a pot i lcl i i or rt s a t he 90 day c ock f t os he a t vi ie o enta a m n de o t r t l or no iyi t i ur roft cl m unde t CPL. AsDe enda core ty poi t out t s c s tf ng he ns e he ai r he f nt r c l n s , he e a es i vef c pa tr i whih t i ur d dico r d t f c sgi ng rs t apot nta cai nvol a t te ns n c he ns e s ve e he a t vi ie o e il l m 1 0 prort dic rngacua l s t oppost oft c s a ba .Howe r t sCour fndst t i o s ove i t l os , he ie he a e t r ve , hi t ha t at m a i a oac s sed,apli r a ng oft 90 dayno i l he le tve ppr h ugge t an e di he tce angua ne dls l ge, e e sy dir r t pe s sve die ton pr de byI sega ds he r ua i r c i ovi d ndyM aca U S.Bank on t notc i s nd he i e s ue. The e or ,t Cour sm pl ne t de e m i whehe t dae a whi dic r of r f e he t i y eds o t r ne t r he t t ch s ove y bo h a t ll sa t f c sgi ngrs t pot n i lc a ha t n pl ewaswihi 90 t c ua os nd he a t vi ie o e ta over ge d ake ac t n da oft FDI SJ nuar 1 201 cai l te . Fo t M a l n,t ewa dic r oft ys he C' a y 0, 2 l m et r r he ya oa her s s ove y he a ta ls b S p e e 1 , 01 (h d t o f rco u e ,fn ts o e .6 Th Co r fn t t cu lo s y e tmb r 3 2 1 t e ae f o e ls r ) i o o n rl e u t ids ha dic r oft f t gi ngrs t pot talc r get plcea t ea le ton De mbe 1 s ove y he acs vi ie o en i ove a ook a t he ris ce r 6, 2011 t daeonwhi t frtW e l Fa go r or we epr ed. Dec , he t ch he is ls r ec ds r oduc embe 1 2011t r 6, hus ti r t 90 da pe i m a ng notcetme yunde t 90 da pr son oft CPL. For rgge ed he y rod, ki i i l r he y ovii he t M a r r l a t ll sha bee dic r byt Oc o r1 201 as i e oft he re o oan, cua os d n s ove ed he t be 5, 0 sgnm nt he m orga i nots oner a t fr tr co dswe epr duce on De mbe 1 2011 N otc wa t ge, f o , nd he is e r r o d ce r 9, . ie s t tm ey unde t 90 da pr son oft CPL f t M a r r l n. Fi ly,f t La hus i l r he y ovii he or he re o oa nal or he nuza l n, s ove y ofacuall sha t ke plceby M a c 3,201 t da eon whi h t Summ a y oa dic r t os d a n a rh 0, he t c he r ofSc du e fom La za' ba pt wass r e on t FDI i nots he l s r nu s nknl cy evd he C, f oone .AsW elsFa go r l r pr e t frts tofr co dson De mbe 1 2011 t Lan l n wasa s tmel notc d. oduc d he is e e r ce r 6, , he uza oa lo i y i e Th Co r mus as a k o e g teis eo t ep eu ieprviino t eCPL, ih e u t t lo c n wld e h su f h rj dc o so f h whc wa he tl a gue by bot pa te i r ga dst isr ltons p t t 90 daynotcepr so s ariy r d h ri s n e r o t ea i hi o he i ovii n. Pli ifFDI a s re t tt clus wa i e t ne wiht 90 da notcec a es h t t antf C s e td ha he a e s ntrwi d t he y i l us uc ha e n i t Cour we et fnd t tt notceofcai lte wa untmel , hec am scoul ve f he t r o i ha he i l m et r s i y t l i d 1 Unde t I yM a a US. Bankcombi d r e f deer ni çdicove yofs l s' i i notnec s a y f 5 r he nd c nd ne ul or t mi ng d s r uch os y t s ' e s r or teCo r t g it a a lsso t e atd t wh n t erirdic v r (nti cs ,a ta ls)to plc . h ut o o no n nay i f he x c ae e he al so ey i hs ae cu l o s o k ae e I ta ii e nse d, t s nough t fn t tacua l swasdic r d prort t dicove yoft fct gi ngrs t potntal o i d ha t l os s ove e i o he s r he a s vi ie o e i c r ge. Acc di y,t Cour ma no fndi t y a t t exa tdae ofdic y ofa t l sf t ove a or ngl he t kes i ng oda s o he c t s over cual os or he t eel ns hr oa . 11 rmanaieb c u eDee d n S e r Ti es f rdn p eu ie Dee d n r s o d dt a e i lv e a s fn a t twa t t ufe e o rj dc . fn a t e p n e h t l p eu iewa as p rt a dun eae a ay i, n tuswo l n tafc teds sa o t e rj d c s e aae n r ltd n lss a d h ud o fe t h imis l f h c s i t eCo r weet ma afn n o t i ln s .W hl t ep eu iea lssi a e f h u t r o ke idig f mtme ie s i h rj d c nay i s e ir lv n i l h o t eCo r' r ln o t ei tn M o in teCo r rc g ie t a p eu ie ree a t n i t f h u ts uig n h nsa t to ,h u t e o nz s h t rj d c g r mai ac iialis e ns rtc sue.TheFDI wat d a l a tf t n mont a trdic r ofa t ll s C ie t e s ouree hs fe s ove y c ua os t is s o s ue ubpoena f t l ns 1 such apas a oftme gi srs t a i ia i of s or wo oa . 7 s ge i ve ie o n mplc ton prj dc t S e r Tie eu ie o t wa t t . l I c onc us on v l i Ac r ngl afe c e u c i r ton a t Cour bei ot wi ef l a s d,he co di y, tr ar f l onsde a i nd he t ng her s uly dvie t f l wi i ORDERED,ADJUDGED a DECREED: olo ng s nd 1 S mmayj d me t nfv ro Mi - nie tCa u lyCo a yb , ndt esmei . u r u g n i a o f d co tn n s at mp n e a h a s hee y DENI wiho tpr j c t fl a oh rmoi nf rs rb , ED t u eudie o ie n te to o ummayj d me to r ug n n t eis o p eu ie h sue f rj dc . 2. TheCour wile e as pa a e s hedulng or s ti pr -ra andti andpr vi ng t l nt r e r t c i der e tng e ti l ral o di f rap ro o d so e ylmie t t is eo p eu ie o e id f ic v r i td o he su f rj d c . DONE a O RDERED i Cha r a t J m e La e Ki Fe a J tc nd n mbe s t he a s wr nce ng der l usi e Buidi a Unie Stt DititCourhous ,M im i Fl i t s6t da ofM a 201 l ng nd td aes src t e a , orda hi h y y, 3. ' - NOM BL J ES LAW REN . I AM NG I TED STA TES DI STR I J D CT U SOU THERN D I STRI 0 F FLOR I A CT c Al Couns ofRe r c: 1 el co d : The Cour a kno edge t tt M a pr ry wass d a a f ecos e s e onl t e mont prort t 7 t c wl s ha he ya opet ol t or l ur al y hr e hs i o he is nc oft s s ua e he ubpoe st W elsFa go. na o l r
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