IN RE COMMERCIAL MONEY CENTER, EQUIP. LEASE LITIG.

Case No. 1:02CV16000. MDL Docket No. 1490. This Order Relates To Case No. 02CV16014.

627 F.Supp.2d 786 (2009)

In Re: COMMERCIAL MONEY CENTER, INC., EQUIPMENT LEASE LITIGATION.

United States District Court, N.D. Ohio, Eastern Division.

April 2, 2009.


Attorney(s) appearing for the Case

Howard J.C. Nicols, James A. Vollins, Thomas S. Babel, Thomas S. Kilbane, Squire, Sanders & Dempsey, Victor D. Radel, Chernett, Wasserman, Yarger & Pasternak, Cleveland, OH, Roger J. Stevenson, Roetzel & Andress, Akron, OH, Stephen Macek, Highland Hills, OH, Ugo Colella, Katten Muchin Rosenman, Mitchell R. Berger, Patton Boggs, Washington, DC, Hilary Harp, Atlanta, GA, Patrick J. McLaughlin, Dorsey & Whitney, Minneapolis, MN, Jeffrey L. Galliher, Ham Galliher, Las Vegas, NV, for Commercial Money Center, Inc.

Mark Robinson Jacobs, Taft Stettinius & Hollister, Cleveland, OH, for Commercial Money Center, Inc., FirstMerit Bank, N.A.

George S. Wang, Simpson Thacher & Bartlett LLP, New York, NY, for Commercial Money Center, Inc., Citibank, N.A., Lakeland Bank, Second National Bank of Warren, General Electric Capital Corporation, Sky Bank.

Mathew B. Beredo, Perrsyburg, OH, for Citibank, N.A.

Steven E. Brawer, Lowenstein Sandler, Roseland, NJ, for Commercial Money Center, Inc., Lakeland Bank.

Donald S. Scherzer, Rachael L. Russo, Roetzel & Andress, Cleveland, OH, for Commercial Money Center, Inc., Second National Bank of Warren.

Mindy J. Spector, Weil, Gotshal & Manges, New York, NY, for General Electric Capital Corporation.

Stephen M. Fazio, Squire, Sanders & Dempsey, Cleveland, OH, for Sky Bank.

Martha S. Sullivan, Squire, Sanders & Dempsey, Cleveland, OH, for Commercial Money Center, Inc., Sky Bank, The Huntington National Bank.

David S. Cupps, Vorys, Sater, Seymour & Pease, Columbus, OH, John R. Wirthlin, National City Bank, Cincinnati, OH, Marcel C. Duhamel, Vorys, Sater, Seymour & Pease, Cleveland, OH, for Provident Bank.

Marquettes D. Robinson, Vorys, Sater, Seymour & Pease, Cleveland, OH, for Provident Bank, Commercial Money Center, Inc.

Brent M. Buckley, Theodore M. Dunn, Jr., Buckley King, Cleveland, OH, for Commercial Money Center, Inc., Bank One, NA.

Victor O. Buente, Jr., Joseph D. Datchuk, Newton Falls, OH, John M. Manos, Cleveland, OH, for CadleRock Joint Venture, L.P.

JP Morgan Chase Bank N.A., pro se.

William V. Custer, IV, Bryan Cave Powell Goldstein, Atlanta, GA, for Federal Deposit Insurance Company.

Ken Welt, Hollywood, FL, Michael D. Prough, Morison Holden Derewetzky & Prough, Walnut Creek, CA, for Commercial Money Center, Inc., RLI Insurance Company.

Christopher M. Vlasich, Levin & Associates, Cleveland, OH, for Commercial Money Center, Inc., RLI Insurance Company, Guardian VI, LLC, Guardian Shield Holdings, Ltd., Guardian Advisor Corp., Guardian Financial Group LLC, Guardian Investment Group 1, Ltd., Guardian Capital LLC, Guardian Capital I LLC, Guardian Capital II LLC, Guardian Capital III LLC, Guardian Capital IV LLC, Guardian Capital V LLC, Guardian Capital VII LLC, Guardian Capital VIII LLC, Guardian Capital IX, LLC, Guardian Capital XIV LLC, Guardian Capital XV, LLC, Guardian Capital XVI, LLC, Guardian Capital XVII LLC, Guardian Capital XVIII LLC, Diversity Capital One, Inc., Diversity Capital II, LLC, Blaine Tanner.

Alan S. Gilbert, Gerald E. Fradin, John I. Grossbart, Steven Merouse, Sonnenschein, Nath & Rosenthal LLP, Chicago, IL, Don Fogel, Snow Fogel Spence, John R. Knight, Ware, Snow, Fogel & Jackson, Houston, TX, Michael H. Barr, Richard M. Zuckerman, Sonnenschein, Nath & Rosenthal LLP, New York, NY, Timothy G. Warner, Douglas A. DiPalma, Cavitch, Familo, Durkin & Frutkin, Cleveland, OH, for Royal Indemnity Company.

Benjamin C. Sasse, Robert J. Hanna, Tucker Ellis & West, Cleveland, OH, for Royal Indemnity Company, RLI Insurance Company, Safeco Insurance Company of America, American Motorists Insurance Company, Commercial Money Center, Inc.

John J. Rasmussen, Morison-Knox Holden Melendez & Prough, Richmond, VA, William C. Morison, Morison Holden Derewetzky & Prough, Walnut Creek, CA, for RLI Insurance Company.

Ronald W. Hopkins, Gascou Hopkins, Los Angeles, CA, for RLI Insurance Company, American Motorists Insurance Company.

Kathleen B. Havener, Chagrin Falls, OH, for Royal Indemnity Company, RLI Insurance Company, Illinois Union Insurance Company, Ace American Insurance Co.

James G. Stanley, Michael T. Lowe, Booth, Mitchel & Strange, Orange, CA, Ronald P. Friedberg, Alan N, Hirth, Debra J. Horn, Matthew E. Parkins, Meyers, Roman, Friedberg & Lewis, Cleveland, OH, for Safeco Insurance Company of America.

Richard C. Mason, Stephen A. Cozen, Cozen & O'Connor, Philadelphia, PA, for Illinois Union Insurance Company.

Thomas P. Lambert, Mitchell, Silberberg & Knupp, Los Angeles, CA, Royce R. Remington, Hahn, Loeser & Parks, Mark D. Griffin, Thorman & Hardin-Levine, Cleveland, OH, for Illinois Union Insurance Company, Ace American Insurance Co.

Jean Pierre Nogues, Mitchell, Silberberg & Knupp, Los Angeles, CA, for Illinois Union Insurance Company, Ace American Insurance Co., Ace INA Holdings, Inc., ACE Guaranty Corp., ACE Financial Services, Inc., ACE Financial Solutions, Inc., ACE USA, Inc., INA Surplus Insurance Co., Westchester Surplus Lines Insurance Co.

Amy Hull Carey, David H. Wallace, Taft, Stettinius & Hollister, Cleveland, OH, Brendan B. Penney, William I. Chertok, Adam J. Thurston, Bryan Cave LLP, Santa Monica, CA, Christian J. Gascou, Gascou Hopkins, Los Angeles, CA, for American Motorists Insurance Company.

James H. Wilkins, Wilkins Drolshagen & Czeshinski, Fresno, CA, for American Motorists Insurance Company, United Security Bank.

Ross' M. Babbitt, Cleveland, OH, for Ace American Insurance Co.

Thomas M. Brown, Albuquerque, NM, for Anita Pirtle, Sterling Wayne Pirtle.

Alfred M. DeLaCruz, Manning & Marder, Kass, Ellrod, Ramirez, San Diego, CA, for Anthony & Morgan Surety and Insurance Services Inc., Michael Anthony.

George Dave Giddens, Albuquerque, NM, for Charlotte Gallegos, Raymond Gallegos.

Joel Levin, Aparesh Paul, Levin & Associates, Cleveland, OH, for Guardian VI, LLC, Guardian Shield Holdings, Ltd., Guardian Advisor Corp., Guardian Financial Group LLC, Guardian Investment Group 1, Ltd., Guardian Capital LLC, Guardian Capital I LLC, Guardian Capital II LLC, Guardian Capital III LLC, Guardian Capital IV LLC, Guardian Capital V LLC, Guardian Capital VII LLC, Guardian Capital VIII LLC, Guardian Capital IX, LLC, Guardian Capital XIV LLC, Guardian Capital XV, LLC, Guardian Capital XVI, LLC, Guardian Capital XVII LLC, Guardian Capital XVIII LLC, Diversity Capital One, Inc., Diversity Capital II, LLC, Blaine Tanner.

John Rivas, Rivas Matt, Austin, TX, for J&J Motors.

Jesse S. Finlayson, Finlayson, Augustini & Williams LLP, Newport Beach, CA, for Richard M. Kipperman.

Bruce E. Baldinger, Hamburger Law Firm, Bridgewater, NJ, for Rafferty Capital Markets.

Scott D. Fleming, Hale Lane Peek Dennison & Howard, Las Vegas, NV, for Footbridge Limited Trust.

Jonathan D. Rapore, Gilchrist & Rutter, Santa Monica, CA, for Atlantic Coast Federal.

Shannan Collier Krasnokutski, Nolan & Heller, Albany, NY, pro se.


MEMORANDUM AND ORDER

KATHLEEN McDONALD O'MALLEY, District Judge.

The dispute in these actions centers around the Sureties' liability on various surety bonds issued in connection with certain transactions between the Banks1 and Commercial Money Center, Inc. ("CMC"). CMC's business purportedly involved the leasing of equipment and vehicles to numerous lessees in exchange for lease payments. CMC then pooled the leases and...

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