Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-azd-2_10-cv-02447/USCOURTS-azd-2_10-cv-02447-0/pdf.json

Nature of Suit Code: 220
Nature of Suit: Foreclosure
Cause of Action: 28:1441 Petition for Removal- Contract Dispute

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IN THE UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF ARIZONA

Federal Deposit Insurance Corporation,

as Receiver for First Arizona Savings, a

Federal Savings Bank, 

Plaintiff/Counterdefendant, 

vs.

Silvermist, LLLP, an Arizona limited

liability limited partnership; and Ronolfo

and Marylu Macabuhay, husband and

wife, 

Defendants/Counterclaimants. _________________________________

Silvermist, LLLP, an Arizona limited

liability limited partnership; and Ronolfo

and Marylu Macabuhay, husband and

wife,

Third-Party Plaintiffs,

vs.

Joseph and Kathy Tameron, husband and

wife; Skinner Tameron & Company,

LLP, an Arizona limited liability

company, 

Third-Party Defendants.

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No. CV-10-2447-PHX-DGC

ORDER

First Arizona Savings (“FAS”) and Silvermist, LLLP entered into a construction

promissory note. On March 17, 2010, FAS filed a state court complaint for contract

deficiency against Silvermist and Ronolfo and Marylu Macabuhay (collectively,

Case 2:10-cv-02447-DGC Document 16 Filed 01/27/11 Page 1 of 3
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“Silvermist”). Doc. 1-2 at 58-94; see First Am. Savings v. Silvermist, LLC, No. CV2010-

009616 (Ariz. Super. Ct. Mar. 17, 2010). Silvermist asserted counterclaims against FAS

(Doc. 1-2 at 36-52) and third-party claims against, among others, Joseph and Kathy Tameron

and Skinner Tameron & Company, LLP (id. at 9-19).

On October 22, 2010, the Federal Deposit Insurance Corporation (“FDIC”) was

appointed as Receiver for FAS. Doc. 1-1 at 12-14. The FDIC was substituted as Plaintiff

for FAS on November 1, 2010 (id. at 5-10), and removed the case to this Court nine days

later (Doc. 1).

The FDIC has filed a motion to dismiss Silvermist’s counterclaims for lack of subject

matter jurisdiction or, in the alternative, to stay this action pending exhaustion of

administrative remedies. Doc. 6. The motion is fully briefed. Docs. 10, 11, 12. No party

has requested oral argument.

With respect to the counterclaims asserted against the FDIC, Silvermist is required

to exhaust administrative remedies pursuant to the Financial Institutions Reform, Recovery

and Enforcement Act of 1989, 12 U.S.C. § 1821. See McCarthy v. FDIC, 348 F.3d 1075,

1076 (9th Cir. 2003). The parties agree (Docs. 11 at 3-4, 12 at 4-5) that because Silvermist

may still file a timely administrative claim, a stay rather than dismissal is appropriate. See

Intercontinental Travel Mktg., Inc. v. FDIC, 45 F.3d 1278, 1284 (9th Cir. 1994) (“The

district court technically does not lose jurisdiction over the case until the claimant fails to file

a timely administrative claim.”). The Court will deny the FDIC’s motion to the extent it

seeks dismissal for lack of jurisdiction. This action will be stayed until the earlier of 180

days from the date Silvermist files an administrative claim or 10 days after the FDIC has

issued a final determination on the claim. See 12 U.S.C. § 1821(d)(5); Scholl v. FDIC, No.

08-3977 SC, 2009 WL 1625947, at *9 (N.D. Cal. June 5, 2009) (staying action until the

FDIC determined the plaintiff’s administrative claim).

IT IS ORDERED:

1. The FDIC’s motion to dismiss counterclaims or stay this action (Doc. 6) is

granted in part and denied in part. The motion is denied to the extent it

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seeks dismissal and granted with respect to the stay request.

2. This action is stayed until the earlier of 180 days from the date Silvermist files

an administrative claim or 10 days after the FDIC has issued a final

determination on the claim.

3. The FDIC shall file a status report no later than April 1, 2011.

DATED this 27th day of January, 2011.

Case 2:10-cv-02447-DGC Document 16 Filed 01/27/11 Page 3 of 3