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Mbia Insurance Corporation, A v. Indymac Abs

UNITED STATES DISTRICT COURT CENTRAL DISTRICT OF CALIFORNIA


February 2, 2012

MBIA INSURANCE CORPORATION, A NEW YORK CORPORATION, PLAINTIFF,
v.
INDYMAC ABS, INC., A DELAWARE CORPORATION; ET AL., DEFENDANTS. FEDERAL DEPOSIT INSURANCE CORPORATION, AS RECEIVER FOR INDYMAC FEDERAL BANK, FSB, SUBPOENAED THIRD-PARTY.

Cal. Superior Ct. Case No.: BC422358

The opinion of the court was delivered by: Hon. Dean D. Pregerson

ORDER FOR REMAND PURSUANT TO JOINT STIPULATION Proposed Order. DOC

The Court having considered the Joint Stipulation for Remand, and good

cause appearing therefore:

IT IS HEREBY ORDERED that:

1. The proceeding to enforce the third-party subpoena for the production of electronically stored information that plaintiff MBIA Insurance Corporation ("MBIA") issued to the Federal Deposit Insurance Corporation, as Receiver for IndyMac Federal Bank, FSB ("FDIC Receiver") in the matter of MBIA v. IndyMac ABS, Inc., California Superior Court for the County of Los Angeles ("State Court") Case No. BC 422358 (the "Subpoena Proceeding"), is hereby remanded to the State Court; and

2. The Parties shall bear their own costs and fees associated with removal and remand of the Subpoena Proceeding.

Proposed Order.DOC 1

20120202

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