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U.S. BANK, N.A. v. OCEAN TOWERS HOUSING CORPORATION

Case No. 2:18-cv-05965-DSF-E.

U.S. BANK, N.A., AS TRUSTEE FOR THE THORNBURG MORTGAGE SECURITIES TRUST 2007-2, Plaintiff, v. OCEAN TOWERS HOUSING CORPORATION, a California Corporation; SEIF ASCAR, AS THE TRUSTEE OF THE ASCAR FAMILY TRUST DATED JULY 5, 2012; SEIF ASCAR, an individual; JOHN SPAHI, an individual; OMAR SPAHI, an individual; DOROTHEA SCHIRO, an individual; and DOES 1 through 10, Inclusive, Defendants.

United States District Court, C.D. California.

January 13, 2020.

Editors Note
Applicable Law: 28 U.S.C. § 1332
Cause: 28 U.S.C. § 1332 Diversity - Fraud
Nature of Suit: 370 Other Fraud
Source: PACER

Attorney(s) appearing for the Case

U.S. Bank, N.A., as Trustee for the Thornburg Mortgage Securities Trust 2007-2, Plaintiff, represented by Conrad V. Sison, Locke Lord LLP & Daniel A. Solitro, Lock Lord LLP.

Ocean Towers Housing Corporation, a California Corporation, Defendant, represented by Samuel B. Laughlin, Gordon and Rees LLP & Aya Jo Deam, Gordon and Rees LLP.

Seif Ascar, as the Trustee of the Ascar Family Trust Dated July 5, 2012 & Seif Ascar, an individual, Defendants, represented by Bruce Geoffrey Landau, Landau and Landau.

John Spahi, an individual & Omar Spahi, an individual, Defendants, represented by Edmond Nassirzadeh, Nass Law Firm Inc APLC.

Dorothea Schiro, an individual, Defendant, represented by Alfred J. Verdi, Verdi Law Goup PC.

Joseph Orlando, Defendant, represented by David E. Rosen, Murphy Rosen LLP.

STIPULATED JUDGMENT

WHEREAS, U.S. Bank, N.A., as Trustee of the Thornburg Mortgage Securities Trust 2007-2 ("USB") and Ocean Towers Housing Corporation ("OTHC") entered into a Settlement Agreement and Release ("Agreement") dated January 8, 2020 for the purpose of resolving by compromise...

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