Opinion
Case No: 09-17787 (DWK) Adversary Proceeding No. 11-00340 (DWK)
2011-09-01
In re: TMST, INC., f/k/a THORNBURG MORTGAGE, INC., et al., 1 Debtors. JOEL I SHER in his capacity as Chapter 11 Trustee for TMST, INC. f/k/a THORNBURG MORTGAGE, INC., TMST HEDGING STRATEGIES, INC. f/k/a THORNBURG MORTGAGE HEDGING STRATEGIES, INC., and TMST HOME LOANS, INC. f/k/a THORNBURG MORTGAGE HOME LOANS, INC. Plaintiff v. JPMORGAN CHASE FUNDING INC. (AS SUCCESSOR TO BEAR STEARNS INVESTMENT PRODUCTS INC.), CITIGROUP GLOBAL MARKETS LIMITED, CITIGROUP GLOBAL MARKETS, INC., CREDIT SUISSE SECURITIES (USA) LLC, CREDIT SUISSE INTERNATIONAL, RBS SECURITIES INC. (f/k/a GREENWICH CAPITAL MARKETS INC.), GREENWICH CAPITAL DERIVATIVES INC., ROYAL BANK OF SCOTLAND PLC, AND UBS AG (AS SUCCESSOR TO UBS SECURITIES LLC), Defendants.
SHAPIRO SHER GUINOT & SANDLER Joel I. Sher, Esquire Richard M. Goldberg, Esquire Counsel to Joel I. Sher, Chapter 11 Trustee PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP Roberta A. Kaplan, Esquire Brian S. Hermann, Esquire - and - Lori Simpson, Esquire BISHOP, DANEMAN & SIMPSON, LLC Counsel for JPMorgan Chase Funding Inc. (as successor to Bear Stearns Investment Products Inc.) WHITEFORD TAYLOR PRESTON LLP John F. Carlton, esquire Todd M. Brooks, esquire - and - Douglas K. Mayer, Esquire David C. Bryan, Esquire WACHTELL, LIPTON, ROSEN & KATZ Counsel for Credit Suisse Securities (USA) LLC and Credit Suisse International KATTEN MUCHIN ROSENMAN LLP Eric Kuwana (Bar No. 25398) - and - David Bohan, Esquire John Sieger, Esquire KATTEN MUCHIN ROSENMAN LLP Counsel for UBS AG (as successor to UBS Securities, LLC) CADWALADER, WICKERSHAM & TAFT LLP Deryck A. Palmer, Esquire Israel Dahan, Esquire Counsel for Citigroup Global Markets, Ltd. and Citigroup Global Markets, Inc. JONES DAY Bennett L. Spiegel, Esquire Erin N. Brady, Esquire - and - Jane Rue Wittstein, Esquire JONES DAY 222 East 41st Street - and - Miguel Eaton (Bar No. 29261) JONES DAY Counsel for RBS Securities Inc. f/k/a Greenwich Capital Markets, Inc. and Greenwich Capital Derivatives, Inc. and Royal Bank of Scotland plc
SO ORDERED
DUNCAN W. KEIR
U. S. BANKRUPTCY JUDGE
Jointly Administered
STIPULATION REVISING
SCHEDULE FOR DEFENDANTS TO RESPOND TO COMPLAINT
WHEREAS, on April 30, 2011, Joel I. Sher, in his capacity as Chapter 11 Trustee for Debtors (the "Trustee"), filed a Complaint against the above-captioned defendants (the "Defendants"), which was subsequently amended by the filing of an Amended Complaint on June 8, 2011; and
WHEREAS, on May 19, 2011, the Court entered a Stipulation and Consent Order Regarding Schedule for Defendants to Respond to Complaint and Motion to Intervene (the "Scheduling Order"), which, inter alia, set agreed deadlines for Defendants to respond to the Amended Complaint, and, in the event the Defendants filed a motion or motions to dismiss, a briefing schedule for subsequent responses and replies in connection with such motions; and
WHEREAS, the Scheduling Order provided that its terms may be modified as to any Defendant and the Trustee by written agreement between the Trustee and the Defendant to which the agreement relates; and
WHEREAS, the parties have agreed to extend the outstanding deadlines provided in the Scheduling Order by six (6) days as set forth herein.
IT IS HEREBY STIPULATED AND ORDERED that
(1) each Defendant shall, on or before September 12, 2011, file an answer, move, or otherwise respond to the Amended Complaint (each, or collectively if a joint response is filed, an "Initial Response");
(2) the Trustee shall, on or before ninety (90) days following the filing of the last Initial Response by the Defendants, file an opposition(s) or other permitted response(s) thereto (each, or collectively if a consolidated response is filed, a "Trustee Response"); and
(3) Defendants (each or collectively) shall have until, but no more than, 45 days after the filing of the last Trustee Response to file a reply or replies thereto.
SHAPIRO SHER GUINOT & SANDLER
Joel I. Sher, Esquire
Richard M. Goldberg, Esquire
Counsel to Joel I. Sher, Chapter 11 Trustee
PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP
Roberta A. Kaplan, Esquire
Brian S. Hermann, Esquire
- and
Lori Simpson, Esquire
BISHOP, DANEMAN & SIMPSON, LLC
Counsel for JPMorgan Chase Funding Inc. (as
successor to Bear Stearns Investment Products Inc.)
WHITEFORD TAYLOR PRESTON LLP
John F. Carlton, esquire
Todd M. Brooks, esquire
- and
Douglas K. Mayer, Esquire
David C. Bryan, Esquire
WACHTELL, LIPTON, ROSEN & KATZ
Counsel for Credit Suisse Securities (USA) LLC
and Credit Suisse International
KATTEN MUCHIN ROSENMAN LLP
Eric Kuwana (Bar No. 25398)
- and
David Bohan, Esquire
John Sieger, Esquire
KATTEN MUCHIN ROSENMAN LLP
Counsel for UBS AG (as successor to UBS Securities, LLC)
CADWALADER, WICKERSHAM & TAFT LLP
Deryck A. Palmer, Esquire
Israel Dahan, Esquire
Counsel for Citigroup Global Markets, Ltd. and Citigroup Global Markets, Inc.
JONES DAY
Bennett L. Spiegel, Esquire
Erin N. Brady, Esquire
- and
Jane Rue Wittstein, Esquire
JONES DAY
222 East 41st Street
- and
Miguel Eaton (Bar No. 29261)
JONES DAY
Counsel for RBS Securities Inc. f/k/a Greenwich
Capital Markets, Inc. and Greenwich Capital
Derivatives, Inc. and Royal Bank of Scotland plc
cc:
Mark Neal, Esquire
Office of the United States Trustee
101 West Lombard Street
Baltimore, Maryland 21201