UNITED STATES FIDELITY & GUARANTY COMPANY v. LEE INVESTMENTS LLC

Case No. CIV F-99 5583-LJO-SMS.

UNITED STATES FIDELITY & GUARANTY COMPANY, a Maryland Corporation, Plaintiff, v. LEE INVESTMENTS LLC dba THE ISLAND, a California Limited Liability Company, RICHARD K. EHRLICH, an individual, REXFORD PROPERTIES, LLC, a California Limited Liability Company, REXFORD DEVELOPMENT CORPORATION, a California Corporation, and DIANA CONLEY, an individual Defendants.

United States District Court, E.D. California.

Editors Note
Applicable Law: 28 U.S.C. § 1332
Cause: 28 U.S.C. § 1332 Diversity - Insurance Contract
Nature of Suit: 110 Insurance
Source: PACER


Attorney(s) appearing for the Case

US Fidelity and Guaranty Company, Plaintiff, represented by Miles D. Grant , The Grant Law Firm.

Lee Investments LLC, Defendant, represented by Juthamas Judy Suwatanapongched , Sheppard, Mullin, Richter and Hampton & Paul Sebastian Malingagio , Sheppard, Mullin, Richter & Hampton LLP.

Richard K. Ehrlich, Defendant, represented by Juthamas Judy Suwatanapongched , Sheppard, Mullin, Richter and Hampton & Paul Sebastian Malingagio , Sheppard, Mullin, Richter & Hampton LLP.

Rexford Properties, LLC, Defendant, represented by Juthamas Judy Suwatanapongched , Sheppard, Mullin, Richter and Hampton & Paul Sebastian Malingagio , Sheppard, Mullin, Richter & Hampton LLP.

Rexford Development Corporation, Defendant, represented by Juthamas Judy Suwatanapongched , Sheppard, Mullin, Richter and Hampton & Paul Sebastian Malingagio , Sheppard, Mullin, Richter & Hampton LLP.

Lee Investments LLC, Counter Claimant, represented by Juthamas Judy Suwatanapongched , Sheppard, Mullin, Richter and Hampton & Paul Sebastian Malingagio , Sheppard, Mullin, Richter & Hampton LLP.

US Fidelity and Guaranty Company, Counter Defendant, represented by Miles D. Grant , The Grant Law Firm.

American Specialty Insurance Services, Counter Defendant, represented by Miles D. Grant , The Grant Law Firm.

United States Fidelity and Guaranty Company, Counter Defendant, represented by Miles D. Grant , The Grant Law Firm.

US Fidelity and Guaranty Company, ThirdParty Plaintiff, represented by Miles D. Grant , The Grant Law Firm.

American Specialty Insurance Services, ThirdParty Plaintiff, represented by Miles D. Grant , The Grant Law Firm.

AON Risk Services, ThirdParty Defendant, represented by Matthew Stone Covington , Archer Norris.

Lee Investments LLC, ThirdParty Plaintiff, represented by Juthamas Judy Suwatanapongched , Sheppard, Mullin, Richter and Hampton & Paul Sebastian Malingagio , Sheppard, Mullin, Richter & Hampton LLP.

Lee Investments LLC, Counter Claimant, represented by Juthamas Judy Suwatanapongched , Sheppard, Mullin, Richter and Hampton & Paul Sebastian Malingagio , Sheppard, Mullin, Richter & Hampton LLP.

United States Fidelity and Guaranty Company, Counter Defendant, represented by Miles D. Grant , The Grant Law Firm.

Lee Investments LLC, Counter Defendant, represented by Juthamas Judy Suwatanapongched , Sheppard, Mullin, Richter and Hampton & Paul Sebastian Malingagio , Sheppard, Mullin, Richter & Hampton LLP.

US Fidelity and Guaranty Company, Cross Defendant, represented by Miles D. Grant , The Grant Law Firm.

Richard K. Ehrlich, Counter Claimant, represented by Juthamas Judy Suwatanapongched , Sheppard, Mullin, Richter and Hampton & Paul Sebastian Malingagio , Sheppard, Mullin, Richter & Hampton LLP.

US Fidelity and Guaranty Company, Counter Defendant, represented by Miles D. Grant , The Grant Law Firm.

US Fidelity and Guaranty Company, Counter Claimant, represented by Miles D. Grant , The Grant Law Firm.

American Specialty Insurance Services, Counter Claimant, represented by Miles D. Grant , The Grant Law Firm.

US Fidelity and Guaranty Company, Counter Defendant, represented by Miles D. Grant , The Grant Law Firm.

American Specialty Insurance Services, Counter Defendant, represented by Miles D. Grant , The Grant Law Firm.

US Fidelity and Guaranty Company, Cross Defendant, represented by Miles D. Grant , The Grant Law Firm.

American Specialty Insurance Services, Cross Defendant, represented by Miles D. Grant , The Grant Law Firm.

Rexford Properties, LLC, Counter Defendant, represented by Juthamas Judy Suwatanapongched , Sheppard, Mullin, Richter and Hampton & Paul Sebastian Malingagio , Sheppard, Mullin, Richter & Hampton LLP.

Rexford Development Corporation, Counter Defendant, represented by Juthamas Judy Suwatanapongched , Sheppard, Mullin, Richter and Hampton & Paul Sebastian Malingagio , Sheppard, Mullin, Richter & Hampton LLP.

Richard K. Ehrlich, Counter Defendant, represented by Juthamas Judy Suwatanapongched , Sheppard, Mullin, Richter and Hampton & Paul Sebastian Malingagio , Sheppard, Mullin, Richter & Hampton LLP.


STIPULATION AND ORDER VACATING JUDGMENT

LAWRENCE J. O'NEILL, District Judge.

STIPULATION

Plaintiff United States Fidelity & Guaranty Company ("USF&G") and Defendant Lee Investments LLC ("Lee" and together with USF&G, the "Parties"), submit this Stipulation in connection with the above-captioned lawsuit.

WHEREAS:

1. On August 5, 2009, this Court entered a judgment against Lee and in favor of USF&G in the original amount of $1,517,201.20 (the "Lee Judgment");

2. Pursuant to that certain Settlement Agreement and Mutual Release of all Claims (the "Settlement Agreement") dated as of February 27, 2017, the Parties have settled the disputes between them, including Lee's liability for the Lee Judgment;

3. Pursuant to the Settlement Agreement, the Parties have agreed that the Lee Judgment be vacated and that a full satisfaction of judgment and release of lien be executed by USF&G and filed and recorded.

NOW, THEREFORE, IT IS HEREBY STIPULATED by and between the Parties, through their respective counsel of record, that:

1. The Lee Judgment entered in this case on August 5, 2009 be VACATED.

2. In consideration of the above, USF&G provides the full satisfaction of judgment and release of lien attached hereto as Exhibit 1, acknowledging that the Lee Judgment has been satisfied in full, and Lee may file and record the same.

IT IS SO STIPULATED.

ORDER

Pursuant to the stipulation of the Parties, the Lee Judgment in favor of USF&G is hereby VACATED. All other aspects of the judgment entered August 5, 2009 remain in force.

IT IS SO ORDERED.


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