CourtSmart Tag Report

Started:	8/30/2011 8:36:21 AM
Ends:	8/30/2011 8:53:02 AM	Length: 00:16:42

Room: CSMT-SP-1	Case: CR 11-5847 SJO: Otoo et al v. Wells Fargo	Type: CR
Caption: JUDGE S. JAMES OTERO/Victor Cruz CRD/Margarita Lopez-Recorder

8:36:27 AM	VICTOR CRUZ- CLERK
8:36:28 AM	rise
8:36:30 AM	session
8:36:35 AM	presiding
8:36:36 AM	th u
8:36:38 AM	1) CV 11-05847 SJO(AGRx): SAMUEL OTOO ET AL v. WELLS FARGO BANK HOME MORTGAGE INC ET AL
8:36:54 AM	HONORABLE JUDGE S. JAMES OTERO
8:36:55 AM	speak
8:36:57 AM	HELEN W. QUAN
8:36:58 AM	fine
8:36:58 AM	k
8:36:59 AM	yes
8:37:05 AM	JACK ALAN FIERSTADT
8:37:07 AM	good am
8:37:11 AM	nice to see u
8:37:13 AM	HONORABLE JUDGE S. JAMES OTERO
8:37:13 AM	nice to see u
8:37:17 AM	good am/ matter here status conf nt scheduled conf
8:37:24 AM	parties filed joint scheduling conf report
8:37:32 AM	procedural background/issues/ complaint filed 6/9/11/superior crt
8:37:49 AM	complaint/ 3 counts/ breach oral contract/fraud claim/third promissory estoppel
8:38:17 AM	removed to fed crt 7/15/11/ basis for removal is diversity
8:38:33 AM	complaint id/implicates/names 2 defs/ wells farog home mortagage/ first american trustee servicing
8:38:59 AM	appears/ trustee/ same entity/ the LLC /decl non monetary status
8:39:22 AM	wells fargo removed to fed crt based on diversity
8:39:32 AM	def/first american filed/ notice non monetary/ nt considered in the issue of removal jurisdiction
8:39:56 AM	pretty clear/ wells fargo/corp /south dakota/correct
8:40:11 AM	HELEN W. QUAN
8:40:12 AM	correct
8:40:12 AM	HONORABLE JUDGE S. JAMES OTERO
8:40:14 AM	otoo
8:40:16 AM	JACK ALAN FIERSTADT
8:40:16 AM	y
8:40:16 AM	HONORABLE JUDGE S. JAMES OTERO
8:40:18 AM	ca
8:40:20 AM	what is missing from notice of removal/
8:40:29 AM	any facts/evid/establishing/ amount/exceeds 75k/ as i review notice of removal/para 2 pg 2
8:40:50 AM	counsel simply asserts/amount controve/ caption/counsel for def asserts pl seeking 1 mil/
8:41:09 AM	nt comport/suffice/ 75k w/ established case law/amount controv excess 75k
8:41:30 AM	first issue whether crt can/has authority to raise issue subject matter jurisdiction/clearly does
8:41:52 AM	proposition/crt can raise issue
8:42:05 AM	the second principle of law that applies/district crt reviewing/removal/jurisdiction
8:42:28 AM	this circuit made clear/ strict construction
8:42:44 AM	circuit made clear/ removing party must meet burden/establishing proponderence evid/ amount excess 75k
8:43:03 AM	how do that/this case/wells fargo/by simply ref amount stated in complaint/which crt can consider
8:43:20 AM	but crt nt bound/oblg to consider if amount controv complaint nt based on any articulation of facts/evid
8:44:11 AM	first count/ breach oral contract
8:44:22 AM	para 22/ counsel for pl ref because defs breach of oral contract/pl/ damages exceed  a million
8:44:50 AM	at best diff/it nt impossible/how breach contract case/a million/damages
8:45:07 AM	fraud claim/ para 31/ pl ref based on repr of def wells fargo/they would modify terms/ 15yrs/ when failed
8:45:52 AM	forward w/ foreclosure sale/ amount damages exceed one million
8:45:53 AM	what missing/complaint/ pg 9/nt included my copy complaint
8:46:05 AM	the crt would conclude/hear from counsel/crt would conclude/ nt facially evid/ complaint/ amount more than 75k
8:46:23 AM	defs oblg/ under removing statute/offer crt/notice of removal/facts/75k threshold/nt done here
8:47:02 AM	in notice of removal/pg 2 footnote 1/counsel cited to/281fed3rd837/ proposition
8:48:02 AM	summarily alleged/ exceeded 75k/ footnote
8:48:46 AM	the crt indiccated/w/in discretion of crt consider other evid/offered later on/when motion to remand by pl
8:49:08 AM	def opposed/ offering/ evid 75k jurisdiction threshold/ petsmart/crt discretion/
8:49:29 AM	nt incline to do
8:49:32 AM	hear from counsel for def first
8:49:38 AM	where pg 9?
8:49:43 AM	nt have in my copy
8:49:48 AM	JACK ALAN FIERSTADT
8:49:53 AM	i'll have to double check
8:49:57 AM	my copy/ nt see my pg 9 either/disconcerning
8:50:03 AM	HONORABLE JUDGE S. JAMES OTERO
8:50:05 AM	as i undstnd/ the loan owed at time of sale 350k
8:50:14 AM	JACK ALAN FIERSTADT
8:50:16 AM	right
8:50:16 AM	HONORABLE JUDGE S. JAMES OTERO
8:50:18 AM	sale 380k
8:50:22 AM	JACK ALAN FIERSTADT
8:50:24 AM	right
8:50:24 AM	HONORABLE JUDGE S. JAMES OTERO
8:50:25 AM	how  wells fargo take position/met burden/ establishing 75k
8:50:38 AM	HELEN W. QUAN
8:50:40 AM	yr honor
8:50:45 AM	we took amount in controv/ damages claimed/
8:50:59 AM	def submit
8:51:02 AM	HONORABLE JUDGE S. JAMES OTERO
8:51:04 AM	nothing more to be said/ unless pl
8:51:11 AM	JACK ALAN FIERSTADT
8:51:15 AM	clarity to record/ w/ respect  the first american trustee nt obj 15 day period
8:51:41 AM	evid/docs/ give rise to such obj
8:51:51 AM	we can make application to state crt/if indeed granted...
8:52:02 AM	think that would side note/destroy diversity
8:52:13 AM	HONORABLE JUDGE S. JAMES OTERO
8:52:13 AM	separate issue/nt before crt
8:52:18 AM	JACK ALAN FIERSTADT
8:52:19 AM	it is
8:52:20 AM	HONORABLE JUDGE S. JAMES OTERO
8:52:22 AM	nt revisit/ law clear
8:52:33 AM	one bite apple
8:52:38 AM	matter remanded to state crt
8:52:42 AM	order transcript
8:52:45 AM	cost/ wells fargo
8:52:49 AM	JACK ALAN FIERSTADT
8:52:50 AM	th u
8:52:50 AM	HONORABLE JUDGE S. JAMES OTERO
8:52:51 AM	th u
8:52:51 AM	VICTOR CRUZ- CLERK
8:52:58 AM	RECESS