Free Letter - District Court of Delaware - Delaware

Case 1:07-cv-00640—Gl\/IS—l\/IPT Document 90 Filed 03/13/2008 Page 1 of 2
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A PROFESSIONAL ASSOCIATION
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920 Noam Kms Srnssrr
C"`“";|;E;$£§°LE“ Wzrmmerow, DELAWARE isaracan D*;;‘;;éAT_;;;§"
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March 13, 2008
BY ELECTRONIC FILING
The Honorable Gregory M., Sleet
United States District Court for
the District of Delaware
844 King Street
Wiliiiiiigtoii, Delaware l980l
Re: New Century Mortgage Corp. v. Great Northern Insurance Co.
C.A. No. 07-640—Gl\/IS
Dear Chief Judge Sleet:
We represent plaintiff New Century Mortgage Corporation ("New Century") in
the above matter As Your Honor may be aware, this coverage dispute came to the Court by way
of an October 2007 transfer order issued, sua sponte, by the United States District Court for the
Northern District of Illinois, Eastern Division.
We are aware of no issues in the case that require immediate judicial action. '
indeed, before the transfer, the Iliinois District Court issued an opinion denying cross motions
for su1nrnary_judgn1e11t. No scheduling order had been in place because the parties attempted to
dispose of the case on sunnnary judgment.
Subject to the Court’s availability, we are hopeful that the Court couid schedule a
Rule l6(b) conference in late March or early April. In addition to discussing an appropriate
schedule for this case, we intend to raise with Your Honor the possibility of referring the matter
to mediation as soon as possible given New Century’s status as a debtor in bankruptcy
proceedings pending in Delaware. New Century has now filed a plan of liquidation and strives
to promptly liquidate all cfits assets, including any proceeds from this litigation, for the benefit
of its creditors
Rl.Fl~3262459-I

Case 1:07-cv-00640—G|\/|S—|\/IPT Document 90 Filed 03/13/2008 Page 2 of 2
The I—Io11o1·able Gregory Ml Sleet
March 13, 2008
Page 2
Cetmsel remains available at the Court’s COI"lV€l'1lG1'1CC te address any of the
matters raised lxereinl
Respectfully submitted,
Chad Ml Sliandler (#3796)
CS:ps
cc: Clerk of the Court (by electronic tiling)
Russell Cl Silberglied, Esql
Stephen Casarino, Esq,
Rl.Fl-3262459-1

Case 1:07-cv-00640-GMS-MPT

Document 90

Filed 03/13/2008

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Case 1:07-cv-00640-GMS-MPT

Document 90

Filed 03/13/2008

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