Opinion
21-CV-4939 (PAC)
12-01-2022
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee, Plaintiff, v. MARGATE FUNDING I, LTD.; MARGATE FUNDING I, CORP.; MACQUARIE INVESTMENT MANAGEMENT ADVISERS F/K/A DELAWARE INVESTMENT ADVISORS; ANGELO GORDON MANAGEMENT, LLC; BRACEBRIDGE CAPITAL, LLC; SERENGETI ASSET MANAGEMENT, LP; CITIBANK, N.A.; BANK OF AMERICA, N.A.; CEDE & CO., AND JOHN DOES 1 THROUGH 100, Defendants.
ORDER
HONORABLE PAUL A. CROTTY UNITED STATES DISTRICT JUDGE
On December 1, 2022, the Court held a pre-motion conference to address Interpleader-Defendant Pacific Investment Management Company LLC (“PIMCO”)'s discovery request for materials held by Interpleader-Defendant Angelo Gordon Management, LLC (“AG”). See ECF Nos. 96,97. PIMCO seeks documents and communications regarding AG's August 2021 purchase of Class A2 Notes (“Purchase”). As discussed at the conference, the Court ORDERS that AG produce to PIMCO:
• The purchase date, counterparty, amount purchased, and purchase price of the Purchase;
• Any specific information or documents concerning the Purchase, including documents regarding valuation;
• Any documents regarding any assignment agreements with Citibank, including any written assignment agreements and/or formal contracts that expressly assign claims, regarding the Purchase;
• Any contemporaneous modeling regarding valuation of the Purchase;
Unresolved is AG's production of non-privileged communications regarding the Purchase, AG advised at the conference, however, that it would be willing to conduct a narrow, targeted search for these communications. AG and PIMCO are thus also directed to meet and confer on how to conduct such a narrow, targeted search for non-privileged communications regarding the Purchase, over a period beginning with the start of Purchase negotiations and ending with the Purchase settlement in August 2021.
SO ORDERED