The opinion of the court was delivered by: Garland E. Burrell, JR United States District Court Judge
STIPULATION TO STAY CIVIL PROCEEDINGS
IT IS HEREBY STIPULATED between the United States of America and sole Claimant Flagstar Bank, by and through their respective counsel, that a stay is necessary in the above-entitled action and request the Court enter an order staying proceedings pending resolution in the District Court of the on-going criminal prosecution United States v. Loomis et al, 2:12:-CR-00315-KJM.
The stay is requested pursuant to 18 U.S.C. §§ 981(g)(1) . The United States contends that the defendant assets are traceable to proceeds of, involved in, or facilitated the violations alleged in the Criminal Indictment (See 2:12-CR-00315-KJM, ECF No. 1).
A stay is appropriate and warranted, and the parties recognize that conducting discovery in this case could adversely affect the United States' ability to effectively pursue the related criminal prosecution. For this reason, the parties jointly request that this matter be stayed pending resolution of the related criminal prosecution in the District Court.
THEREFORE, the parties to this action stipulate and request as follows:
1. Pursuant to 18 U.S.C. §§ 981(g)(1), this action be stayed due to the pending related criminal prosecution;
2. All presently scheduled court dates be vacated; and,
3. The parties are to promptly notify the Court upon resolution of the pending criminal prosecution in the District Court.
Respectfully submitted, Dated: October 10, 2012 BENJAMIN B. WAGNER United States Attorney /s/ Heather Mardel Jones_______ HEATHER MARDEL JONES Assistant United States Attorney Dated: October 10, 2012 /s/ Janet Sherman________ JANET SHERMAN Attorneys for Claimant Flagstar Bank
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