Rothenberg et.al. v. Federal Deposit Insurance Corporation

Good Law
United States District Court, Northern District of CaliforniaJuly 11, 20234:23-cv-01603California738 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 MICHAEL BRENT ROTHENBERG, et al., Case No. 23-cv-01603-JST

Plaintiffs,

ORDER DENYING MOTIONS FOR

v. STAY

FEDERAL DEPOSIT INSURANCE Re: ECF No. 13 CORPORPORATION, et al., 11 Defendants.

FEDERAL DEPOSIT INSURANCE Case No. 23-cv-01606-JST

CORPORPORATION,

14 Plaintiff, Re: ECF No. 13 v.

MICHAEL BRENT ROTHENBERG,

17 Defendant.

Before the Court are the Federal Deposit Insurance Commission’s (“FDIC”) motions to stay these actions. Case No. 23-cv-01603-JST, ECF No. 13; Case No. 23-cv-01606-JST, ECF No. 13. Pursuant to Federal Rule of Civil Procedure 78(b) and Civil Local Rule 7-1(b), the Court finds the matters suitable for disposition without a hearing. FDIC seeks 90-day stays of these proceedings pursuant to 12 U.S.C. § 1821(d)(12)(A), which provides, in relevant part, “After the appointment of a . . . receiver for an insured depository institution, the . . . receiver may request a stay…

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