Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-2_09-cv-02438/USCOURTS-caed-2_09-cv-02438-1/pdf.json

Nature of Suit Code: 220
Nature of Suit: Foreclosure
Cause of Action: 28:1444 Petition for Removal- Foreclosure

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STIPULATION AND [PROPOSED] ORDER TO AMEND PLEADINGS TO 

SUBSTITUTE REAL PARTY IN INTEREST AS PLAINTIFF 

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UNITED STATES DISTRICT COURT 

FOR THE EASTERN DISTRICT OF CALIFORNIA 

BLX CAPITAL, LLC. 

 Plaintiffs, 

 vs. 

SAM JIN GENERAL SUPPLY, INC., ET 

AL., 

 Defendants. 

Case No. 2:09-CV-02438 GEB-JFM 

STIPULATION AND ORDER TO 

AMEND PLEADINGS TO 

SUBSTITUTE REAL PARTY IN 

INTEREST AS PLAINTIFF 

LEO D. PLOTKIN (SBN 101893)

JOHN P. MERTENS (SBN 252762) 

LEVY, SMALL & LALLAS 

A Partnership Including Professional Corporations 

815 Moraga Drive 

Los Angeles, California 90049-1633 

Telephone: (310) 471-3000 

Facsimile: (310) 471-7990 

lplotkin@lsl-la.com / jmertens@lsl-la.com 

Attorneys for Plaintiff 

BLX CAPITAL, LLC 

Case 2:09-cv-02438-GEB -JFM Document 25 Filed 02/23/10 Page 1 of 6
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STIPULATION AND [PROPOSED] ORDER TO AMEND PLEADINGS TO 

SUBSTITUTE REAL PARTY IN INTEREST AS PLAINTIFF 

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This Stipulation is entered into by and between BLX Capital, LLC (“BLX”), 

the United States of America, on behalf of its agency the Small Business 

Administration (“SBA”), Sam Jin General Supply, Inc. (“Sam Jin”), Mason Au and 

Najoo Au (collectively the “Individuals”), and Wabash National Trailer Centers, 

Inc. (“Wabash” and together with the SBA, Sam Jin and the Individuals, 

“Defendants”), as more fully described below: 

WHEREAS, on or about September 26, 2005, Samjin and the Individuals 

executed and delivered to BLX a written Promissory Note in the principal sum of 

$1,780,000.00 (the “Note”); 

WHEREAS, on or about September 26, 2005, the Individuals executed and 

delivered to BLX a certain Deed of Trust with Assignments of Rent (“Deed of 

Trust”), which was recorded on September 27, 2005 in Book 2005-0048140 in the 

official Records of the County of Yolo, State of California; 

WHEREAS, on or about September 28, 2005, BLX executed an Allonge to 

the Note and an Assignment of the Deed of Trust, transferring the Note and Deed 

of Trust to BLC Capital Funding, LLC (“BLC”); 

WHEREAS, on or about September 28, 2005, BLC executed an Allonge to 

the Note and an Assignment of the Deed of Trust, transferring the Note and Deed 

of Trust to HSBC Bank USA, its successors and assigns, as indenture trustee under 

that certain Indenture dated as of March 19, 2004, relating to BLX Conventional 

Funding Trust II Notes (the “First Trustee”); 

WHEREAS, on or about March 1, 2006, the First Trustee executed an 

Allonge to the Note and an Assignment of the Deed of Trust, transferring the Note 

and Deed of Trust to The Bank of New York Trust Company, N.A., its successors 

and assigns, as Indenture Trustee under that certain Indenture dated as of March 1, 

2006, as the same may be amended from time to time, for the benefit of the 

Indenture Trustee and the holders of Business Loan Express Business LoanCase 2:09-cv-02438-GEB -JFM Document 25 Filed 02/23/10 Page 2 of 6
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STIPULATION AND [PROPOSED] ORDER TO AMEND PLEADINGS TO 

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Backed Notes, 2006-A and the Hedge Counterparty, as their respective interest 

may appear, subject to the Indenture dated as of March 1, 2006, as the same may 

be amended from time to time relating to BLX Conventional Funding Trust I Notes 

(the “Second Trustee”); 

WHEREAS, pursuant to a merger in 2007, The Bank of New York Trust 

Company, N.A. is now known as the Bank of New York Mellon Trust Company, 

N.A., and thus the current holder of the Note and Deed of Trust is the Bank of New 

York Mellon Trust Company, N.A. f/k/a The Bank of New York Trust Company, 

N.A., its successors and assigns, as Indenture Trustee under that certain Indenture 

dated as of March 1, 2006, as the same may be amended from time to time, for the 

benefit of the Indenture Trustee and the holders of Business Loan Express 

Business Loan-Backed Notes, 2006-A and the Hedge Counterparty, as their 

respective interest may appear, subject to the Indenture dated as of March 1, 2006, 

as the same may be amended from time to time relating to BLX Conventional 

Funding Trust I Notes (“BNY as Trustee”); 

WHEREAS, previously it was the policy of BLX to repurchase defaulted 

notes from the securitization trustee (here, BNY as Trustee) and foreclose under 

BLX’s own name, but that policy was changed without being communicated to all 

employees of BLX or its counsel herein; 

WHEREAS, as a result, BLX mistakenly brought this action in its own name 

when the Note and Deed of Trust were actually owned by the securitization trustee, 

BNY as Trustee, which is the real party in interest with respect to plaintiff’s claims 

herein; 

WHEREAS, Federal Rule of Civil Procedure (“FRCP”) 15(a)(2) provides 

that, where a party is not entitled to amend a pleading as a matter of course 

pursuant to FRCP 15(a)(1), a party may amend its pleading only with the opposing 

Case 2:09-cv-02438-GEB -JFM Document 25 Filed 02/23/10 Page 3 of 6
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STIPULATION AND [PROPOSED] ORDER TO AMEND PLEADINGS TO 

SUBSTITUTE REAL PARTY IN INTEREST AS PLAINTIFF 

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party’s written consent or the court’s leave, which leave should be given freely 

when justice so requires; 

WHEREAS, FRCP 15(c)(1)(B) provides in part that an amendment relates 

back to the date of the original pleading when it asserts a claim that arose out of the 

conduct, transaction, or occurrence set out -- or attempted to be set out – in the 

original pleading; 

WHEREAS, FRCP 17(a)(1) provides that an action must be prosecuted in 

the name of the real party in interest, and FRCP 17(a)(3) provides in part that after 

substitution of the real party in interest, the action proceeds as if it had been 

originally commenced by the real party in interest; 

NOW, THEREFORE, IT IS HEREBY STIPULATED by and between 

BLX and Defendants, through their respective counsel of record, that: 

1. BLX may have leave to amend the pleadings and proceedings herein 

to substitute as plaintiff the real party in interest herein, BNY as Trustee. 

2. All pleadings and proceedings in this action may be amended by 

striking out BLX and adding BNY as Trustee as plaintiff herein. 

3. All pleadings hereby amended are deemed to relate back to the date of 

the original pleading pursuant to Fed. Rule Civ. Proc. 15(c)(1)(B) and 17(a)(3). 

DATED: February 17, 2010 LEO D. PLOTKIN 

JOHN P. MERTENS 

LEVY, SMALL & LALLAS 

A Partnership Including Professional 

Corporations 

By: /s/ John P. Mertens 

 JOHN P. MERTENS 

Attorneys for Plaintiff 

BLX CAPITAL, LLC 

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STIPULATION AND [PROPOSED] ORDER TO AMEND PLEADINGS TO 

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DATED: February 17, 2010 BENJAMIN B. WAGNER 

United States Attorney 

By: /s/ Bobbie J. Montoya 

 BOBBIE J. MONTOYA

Attorneys for 

UNITED STATES OF AMERICA 

DATED: February 17, 2010 BILL J. SYMES 

FOLEY & LARDNER LLP 

By: /s/ Bill J. Symes 

 BILL J. SYMES

Attorneys for Defendant 

WABASH NATIONAL TRAILER 

CENTERS, INC. 

DATED: February 17, 2010 JAMES J. KIM 

KIM & ASSOCIATES 

By: /s/ James J. Kim 

 JAMES J. KIM 

Attorneys for Defendants 

SAM JIN GENERAL SUPPLY, INC., 

MASON AU AND NANJOO AU 

Case 2:09-cv-02438-GEB -JFM Document 25 Filed 02/23/10 Page 5 of 6
 [PROPOSED] ORDER TO AMEND PLEADINGS TO SUBSTITUTE REAL PARTY IN 

INTEREST AS PLAINTIFF 

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ORDER

Good cause appearing and the parties having so stipulated, IT IS HEREBY 

ORDERED that: 

1. Plaintiff BLX Capital, LLC (“BLX”) is granted leave to amend the 

pleadings and proceedings herein to substitute as plaintiff the real party in interest 

herein, Bank of New York Mellon Trust Company, N.A., f/k/a The Bank of New 

York Trust Company, N.A., as Indenture Trustee for the benefit of the 

Noteholders, the Hedge Counterparty and the Certificateholders of Business Loan 

Express Business Loan Trust 2006-A (“BNY as Trustee”). 

2. All pleadings and proceedings in this action hereby are, and shall be 

deemed to be, amended by substituting out BLX and adding BNY as Trustee as 

plaintiff herein. 

Dated: February 22, 2010 

Case 2:09-cv-02438-GEB -JFM Document 25 Filed 02/23/10 Page 6 of 6