Commonwealth of Virginia ex rel. Integra Rec LLC v. Countrywide Securities Corporation et al, No. 3:2014cv00706 - Document 75 (E.D. Va. 2015)
Court Description: MEMORANDUM OPINION. Signed by District Judge M. Hannah Lauck on 01/14/2015. (tjoh, )
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Commonwealth of Virginia ex rel. Integra Rec LLC v. Countrywide Securities Corporation et al Doc. 75 IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF VIRGINIA Richmond Division COMMONWEALTH OF VIRGINIA ev rel, INTEGRA REC LLC, Plaintiff, V. Civil Action No. 3:14CV706 COUNTRYWIDE SECURITIES CORPORATION, e/fl/., Defendants. MEMORANDUM OPINION This matter comes before the Court on the Motion to Transfer and Motion to Stay filed on October 24,2014 by Countrywide Securities Corp. ("CSC") on behalf of the defendants, (ECF Nos. 15,17), and the Motion to Remand and Request for Expedited Hearing filed on October 31, 2014 by the Commonwealth of Virginia (ECF No. 42). On January 9, 2015, the Court heard oral argument and these matters are ripe for disposition. For the reasons that follow, the Court will grant, on a limited basis, CSC's Motion to Stay (ECFNo. 17) and will defer ruling on CSC's Motion to Transfer Venue (ECF No. 15) and the Commonwealth's Motion to Remand (ECF No. 42), I. Procedural and Factual Background Two other courts and a multijurisdictional panel have matters pending before them that potentially relate to the action removed to this Court. The Complaint at bar alleges misrepresentations in offerings of mortgage-backed securities ("MBS") or residential mortgagebacked securities ("RMBS"). The Court will address these pending matters seriatim. Dockets.Justia.com
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