MONTEREY BAY MILITARY HOUSING, LLC v. AMBAC

19 Civ. 9193 (PGG).

531 F.Supp.3d 673 (2021)

MONTEREY BAY MILITARY HOUSING, LLC, Monterey Bay Land, LLC, Meade Communities LLC, Fort Bliss/White Sands Missile Range Housing LP, Riley Communities LLC, Fort Leavenworth Frontier Heritage Communities, I, LLC, Fort Leavenworth Frontier Heritage Communities, II, LLC, Carlisle/Picatinny Family Housing LP, Bragg Communities LLC, Fort Detrick/Walter Reed Army Medical Center LLC, Picerne-Fort Polk Funding, LLC, Rucker Communities LLC, Stewart Hunter Housing LLC, Sill Housing, LLC, AETC Housing LP, AMC West Housing LP, Lackland Family Housing, LLC, and Vandenberg Housing LP, Plaintiffs, v. AMBAC ASSURANCE CORPORATION, Jefferies Mortgage Finance, Inc., Jefferies & Company, Inc., Jefferies LLC, Jefferies Group LLC, Danny Ray, and Chetan Marfatia, Defendants.

United States District Court, S.D. New York.

Filed March 31, 2021.


Attorney(s) appearing for the Case

George Robert Gage, Jr. , William B. Fleming , William Fleming , Gage, Spencer & Fleming, LLP, Joseph Myer Sanderson , Lamina E. Bowen , Kirkland & Ellis LLP, New York, NY, Jeffrey L. Willian P.C., Jeffrey L. Willian , Benjamin T. Kurtz , Donna Marie Welch , Pro Hac Vice, Pratik Kumar Ghosh , Pro Hac Vice, Yates McLaughlin French , Kirkland & Ellis LLP, Chicago, IL, Michael Phillip Esser , Kirkland and Ellis LLP, San Francisco, CA, for Plaintiff Monterey Bay Military Housing, LLC.

George Robert Gage, Jr. , William B. Fleming , William Fleming , Gage, Spencer & Fleming, LLP, Joseph Myer Sanderson , Lamina E. Bowen , Kirkland & Ellis LLP, New York, NY, Jeffrey L. Willian P.C., Jeffrey L. Willian , Benjamin T. Kurtz , Donna Marie Welch , Pratik Kumar Ghosh , Yates McLaughlin French , Kirkland & Ellis LLP, Chicago, IL, Michael Phillip Esser , Kirkland and Ellis LLP, San Francisco, CA, for Plaintiffs Monterey Bay Land, LLC, Meade Communities LLC, Fort Bliss/White Sands Missile Range Housing LP, Riley Communities LLC, Fort Leavenworth Frontier Heritage Communities, I, LLC, Fort Leavenworth Frontier Heritage Communities, II, LLC, Carlisle/Picatinny Family Housing LP, Bragg Communities LLC, Fort Detrick/Walter Reed Army Medical Center LLC, Picerne-Fort Polk Funding, LLC, Rucker Communities, LLC, Stewart Hunter Housing LLC, Sill Housing, LLC, AMC West Housing LP, Lackland Family Housing, LLC, Vandenberg Housing LP.

George Robert Gage, Jr. , William B. Fleming , William Fleming , Gage, Spencer & Fleming, LLP, Joseph Myer Sanderson , Lamina E. Bowen , Kirkland & Ellis LLP, New York, NY, Jeffrey L. Willian P.C., Benjamin T. Kurtz , Jeffrey L. Willian , Donna Marie Welch , Pratik Kumar Ghosh , Yates McLaughlin French , Kirkland & Ellis LLP, Chicago, IL, Michael Phillip Esser , Kirkland and Ellis LLP, San Francisco, CA, for Plaintiff AETC Housing LP.

Steven G. Madison , Quinn, Emanuel, Urquhart, Oliver & Hedges, LLP, Noah Samuel Helpern , Browne George Ross LLP, Thomas Scott Mills, Jr. , Quinn Emanuel Urquhart and Sullivan, Los Angeles, CA, Michael Barry Carlinsky , Rachel Elizabeth Epstein , Quinn Emanuel Urquhart & Sullivan LLP, New York, NY, for Defendant AMBAC Assurance Corporation.

Scott Sonny Balber , Emily Abrahams , John O'Donnell , Pro Hac Vice, Michael Paul Jones , Herbert Smith Freehills New York LLP, Justin Raphael , Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY, for Defendant Jefferies Mortgage Finance, Inc.

Scott Sonny Balber , Emily Abrahams , John O'Donnell , Michael Paul Jones , Herbert Smith Freehills New York LLP, Justin Raphael , Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY, for Defendants Jefferies & Company Inc., Jefferies L.L.C., Jefferies Group LLC.

Reed Michael Brodsky , Amer Shahid Ahmed , Anne Marie Champion , Gibson, Dunn & Crutcher, LLP, New York, NY, Joseph Richard Rose , Stephen William Henrick , Gibson Dunn & Crutcher LLP, San Francisco, CA, Robert Edward Dunn , Gibson Dunn Crutcher LLP, Palo Alto, CA, for Defendant Danny Ray.

David L. Goldberg , Pro Hac Vice, Katten, Muchin, Rosenman LLP, David L. Goldberg , Sean Akchin , Katten Muchin Rosenman, LLP, Zachary Denver , Herrick, Feinstein LLP, New York, NY, Yonaton M. Rosenzweig , Katten Muchin Rosenman LLP, Los Angeles, CA, for Defendant Chetan Marfatia.


MEMORANDUM OPINION & ORDER

This civil RICO action was filed in the Northern District of California in 2017. Plaintiffs are eighteen entities engaged in housing construction at military bases nationwide. Plaintiffs allege that Defendants — lenders, loan servicers, and insurers...

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