Federal Housing Finance Agency v. Wells Fargo Securities, LLC

Background

The case was reassigned to United States District Judge Jesse M. Furman. The order stated that, unless the court later directed otherwise, all existing dates and deadlines would remain in effect despite the reassignment. Any currently scheduled conference or oral argument with the court was adjourned pending further order.

Order

The court ordered the parties to file a joint letter through the court’s electronic filing system no later than March 9, 2020. The letter could not exceed five pages and had to address counsel’s current contact information; the nature of the case and principal defenses; the basis for jurisdiction and venue; all deadlines and cutoff dates; previously scheduled conferences; outstanding motions; pending appeals; discovery completed and still needed for meaningful settlement discussions; prior settlement discussions; possible alternative dispute resolution; estimated trial length; and other information that could help move the case toward settlement or trial.

If the case had already been settled or otherwise terminated, the parties did not need to file the letter if they filed appropriate proof of termination before the deadline. The court also stated that requests for extensions or adjournments had to be made by letter-motion filed at least 48 hours before the relevant deadline or conference and had to include specified information about the original date, prior requests, the opposing party’s position, and the next scheduled court appearance.

Disposition and Classification

This was a procedural case-management order. Judge Jesse M. Furman did not rule on the merits of the Federal Housing Finance Agency’s claims or Wells Fargo Securities, LLC’s defenses.