Thanks Hon'ble Judge Naomi Buchwald...
Today Judge Naomi Buchwald rejected a Request for further Delay by Defendants in the LIBOR Case and ruled that "Discovery' by Plaintiffs FDIC as Receiver for "Federal Home Loan Mortgage Corp" (FMCC) has to be completed by tomorrow, while recognizing that she has given them time for 'continuing cooperation efforts' (meaning "Settlement Negotiations").
Looks like a substantial 'Settlement; is close in LIBOR Case and FNMA , FMCC will recover substantial monies!!! GLTA!
From another Board:
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"FDIC filed a motion/request to ask the court to take limited # of depositions by Thursday April 4th. It seems that close of discovery is on 4/04 and not 4/14. With that we line up perfectly for some real actions starting next week.
4000 04/02/2024 LETTER MOTION for Conference to request approval from the Court to take a limited number of depositions following the close of fact discovery on April 4, 2024 addressed to Judge Naomi Reice Buchwald from James R. Martin and William Christopher Carmody dated 4/2/2024. Document filed by FDIC, as receiver, Federal Deposit Insurance, The Federal Deposit Insurance Corporation as Receiver, The Federal Home Loan Mortgage Corporation."
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The FDIC Filing was in response to Judge Naomi's Order that tomorrow is the last date for Discovery and she is not granting any further 'extensions'..
The Court’s Response to the FDIC:
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"4001 04/03/2024
ENDORSED LETTER addressed to Counsel from NAOMI REICE BUCHWALD UNITED STATES DISTRICT JUDGE dated 4/3/2024 re: The Court is in receipt of the Direct Action and OTC Plaintiffs' letter of April 2, 2024. ENDORSEMENT: Dear Counsel: The Court is in receipt of the Direct Action and OTC Plaintiffs' letter of April 2, 2024. See ECF No. 4000. Of course, the Court has no interest in interfering with counsels' continuing cooperative efforts as reflected in the existing scheduling order and its prior iteration. However, regardless of counsels' efforts inter se, the Court considers fact discovery closed as of April 4, 2024. Further, as the Court has repeatedly made crystal clear, there cannot and will not be any further adjournments of the class certification, summary judgment, and Daubert motions. Very truly yours, NAOMI REICE BUCHWALD, UNITED STATES DISTRICT JUDGE. (Signed by Judge Naomi Reice Buchwald on 4/3/2024)"
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AI
