Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-1_07-cv-00392/USCOURTS-caed-1_07-cv-00392-0/pdf.json

Nature of Suit Code: 890
Nature of Suit: Other Statutory Actions
Cause of Action: 28:1335 Interpleader Action

---

Martin E. Rosen (108998), mrosen@barwol.com

Justin J. Lowe (223847), jlowe@barwol.com

BARGER & WOLEN LLP

633 West Fifth Street, 47th Floor

Los Angeles, California 90071

Telephone: (213) 680-2800

Facsimile: (213) 614-7399

Attorneys for Plaintiff-in-Interpleader Independence

Life and Annuity Company, f/k/a Keyport America Life

Insurance Company

UNITED STATES DISTRICT COURT

EASTERN DISTRICT OF CALIFORNIA

INDEPENDENCE LIFE AND ANNUITY

COMPANY, f/k/a KEYPORT AMERICA

LIFE INSURANCE COMPANY,

Plaintiff-in-Interpleader,

vs.

NANCY JEAN LARIOS, an individual;

CARMEN LARIOS, trustee of the Larios

Family 2000 Trust; and DOES 1 through 20,

inclusive,

Claimants-in-Interpleader.

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

CASE NO: 1:07-CV-00392-LJO-SMS

STIPULATION FOR JUDGMENT; ORDER

THEREON

Case 1:07-cv-00392-LJO -SMS Document 6 Filed 06/26/07 Page 1 of 6
Plaintiff-in-Interpleader Independence Life and Annuity Company, f/k/a Keyport America

Life Insurance Company (“Independence”), and Claimants-in-Interpleader Carmen Larios, trustee

of the Larios Family 2000 Trust (the “Trust”), and Nancy Jean Larios, an individual, (hereinafter

collectively referred to as the “Parties”), do stipulate and agree as follows:

RECITALS

1. Independence has filed a Complaint-in-Interpleader pursuant to 28 U.S.C. § 1335

against Claimants-in-Interpleader Nancy Jean Larios, an individual, and Carmen Larios,

trustee of the Trust. Independence alleges that it is a mere stakeholder in possession of

certain funds owed to the proper beneficiary under Keyport America Life Insurance

Company Annuity No. KA00777489-1 (the “Annuity”), to which funds Claimants-inInterpleader Nancy Jean Larios and Carmen Larios, trustee of the Trust, each hold

competing claims. Independence claims no interest in the funds payable under the

Annuity, but cannot distribute the funds without exposure to multiple liability until the

competing claims to the proceeds are first adjudicated. Independence deposited

$14,495.58 with the Clerk of Court, which represents the full amount of proceeds owed

under the Annuity, including interest.

Case 1:07-cv-00392-LJO -SMS Document 6 Filed 06/26/07 Page 2 of 6
2. The Parties desire to resolve this litigation, and in doing so, do not concede the truth or

falsity of any allegation of fact made in the pleadings in this matter.

3. The Parties do concede that this Court has subject matter jurisdiction of this action and

that, by agreeing to a judgment in this matter, they voluntarily consent to the Court

exercising jurisdiction over their persons.

4. The Parties agree as of the date that this Stipulation is signed, that the terms of the

proposed Judgment, as set out below, constitute a full and fair settlement of all claims

that the Parties may have concerning the funds on deposit or Independence’s obligations

with respect to those funds, and that the Annuity is hereby deemed void and cancelled. 

TERMS OF PROPOSED JUDGMENT

5. Claimant-in-Interpleader Carmen Larios, trustee of the Trust, shall recover all sums on

deposit in connection with this action in the registry of the Court, together with any and

all interest earned on those sums since their deposit, subtracting the amount awarded to

Independence as attorneys’ fees and costs of suit. 

6. Claimant-in-Interpleader Nancy Jean Larios shall take nothing of the funds on deposit in

connection with this action in the registry of the Court or by this action.

7. Independence shall have an award of its attorneys’ fees and costs of suit incurred in this

matter, in the total amount of $3,000.00, to be subtracted from all sums on deposit in

connection with this action in the registry of the Court.

8. The Clerk of Court shall make out a check, warrant, or any other appropriate means of

payment to Carmen Larios, trustee of the Trust, with respect to all sums on deposit in

connection with this action in the registry of the Court, together with any and all interest

earned on those sums since their deposit, subtracting the amount awarded to

Independence as attorneys’ fees and costs of suit.

Case 1:07-cv-00392-LJO -SMS Document 6 Filed 06/26/07 Page 3 of 6
9. The Clerk of Court shall make out a check, warrant, or any other appropriate means of

payment to Independence in the amount of $3,000.00, which represents the full amount

of attorneys’ fees and costs of suit awarded to Independence, to be funded from the sums

on deposit in connection with this action in the registry of the Court.

10. Claimants-in-Interpleader Nancy Jean Larios, an individual, and Carmen Larios, trustee

of the Trust, hereby fully release, and forever discharge, Independence, including its

parent, affiliated and subsidiary companies, officers, directors, partners, employees,

attorneys, agents, servants, stockholders, representatives, antecedents, successors, and

former, present and future assigns, from any and all rights, claims, actions, suits,

accounts, demands, liens, levies, attachments, writs of execution, contracts, interest,

legal fees, disbursements, covenants, agreements, promises, debts, dues, reckonings,

obligations, liabilities, costs, expenses, bonds, bills, specialties, controversies, taxes,

monies, judgments, executions, damages and causes of action of whatever nature or

description, in law or in equity, under federal, state or common law, whether now known

or unknown, suspected or unsuspected, arising out of any circumstances whatever prior

to the date of this Stipulation, which any of the Claimants-in-Interpleader now have,

own or hold, or at any time heretofore owned or held, or could or shall or may hold

against Independence, which are contained in or arising out of, or in connection with this

action, or the subject matter of this action, or any or all claims assertable in this action or

relating in any way to the Annuity contract or proceeds thereof. 

11. Each party to this Stipulation waives the benefit of the provisions of Section 1542 of the

California Civil Code, or any similar law of any other jurisdiction, which provides as

follows:

Case 1:07-cv-00392-LJO -SMS Document 6 Filed 06/26/07 Page 4 of 6
“A general release does not extend to claims which the creditor does not know or

suspect to exist in his favor at the time of executing the release, which if known, by

him must have materially affected his settlement with the debtor.” 

12. The Parties hereto agree that the United States District Court or the Eastern

District of California shall have sole and exclusive jurisdiction, without a jury, to

hear and determine any disputes that arise under or account of this Stipulation

and Order.

13. Upon District Court approval, it is the intention and request of the Parties hereto

that this Stipulation and its terms become the judgment of the court in the above

caption proceeding.

IN WITNESS WHEREOF, the Parties have executed this Stipulation on the dates opposite their

respective signatures.

Dated: June 15, 2007INDEPENDENCE LIFE AND ANNUITY 

COMPANY, f/k/a KEYPORT AMERICA LIFE

INSURANCE COMPANY

By: /s/ Anne J. Farina Anne J. Farina, Senior Counsel Dated: June 15, 2007

Dated: May 23, 2007By: /s/ Nancy Jean Larios

 NANCY JEAN LARIOS

 Claimant-in-Interpleader

Case 1:07-cv-00392-LJO -SMS Document 6 Filed 06/26/07 Page 5 of 6
Dated: May 10, 2007By: ___/s/ Carmen Larios_______________

 CARMEN LARIOS, trustee of the Larios 

Family 2000 Trust Claimant-in-Interpleader

Approved as to form:

Dated: June 29, 2007BARGER & WOLEN LLP

By: /s/ Martin E. Rosen

 MARTIN E. ROSEN JUSTIN J. LOWE 

 Attorneys for Plaintiff-in-Interpleader 

 Independence Life and Annuity 

Company, f/k/a Keyport America Life 

Insurance Company

Dated: May 14, 2007LANE LAW GROUP, INC.

By: _ /s/ Byron R. Lane BYRON R. LANE

 Attorneys for Claimant-in-Interpleader 

Carmen Larios, trustee of the Larios Family 

2000 Trust

IT IS ORDERED that the Parties’ Stipulation for Judgment shall be incorporated, in its entirety,

into this Order by this reference and that upon entry of this Order, the Stipulation for Judgment and

its terms become the Judgment of the Court in the above captioned proceeding. Judgment shall be

so entered forthwith.

The clerk is directed to enter judgment in accordance with this stipulation and to close this

action.

IT IS SO ORDERED.

Dated: June 26, 2007 /s/ Lawrence J. O'Neill 

66h44d UNITED STATES DISTRICT JUDGE

Case 1:07-cv-00392-LJO -SMS Document 6 Filed 06/26/07 Page 6 of 6