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17-033 - MUSA FINANCIAL LLC v. MERCHANTS BANK OF INDIANA et al


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17-033 - MUSA FINANCIAL LLC v. MERCHANTS BANK OF INDIANA et al
July 12, 2017
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ORDER - This case involves a series of interrelated contractual relationships among and between the parties spanning more than five years. The complex facts of the case largely arise out of transactions in which mortgage loans are originated, closed, and sold to other entities. Presently pending before this Court are three motions - (1) a Motion for Judgment on the Pleadings filed by Plaintiff MUSA Financial LLC ("MUSA"), [Filing No. 26]; (2) a Motion for Leave to File an Amended Answer and Affirmative Defenses filed by Defendants Merchants Bank of Indiana ("Merchants"), P/R Mortgage and Investment Corporation ("P/R Mortgage"), and Michael Petrie, [Filing No. 39]; and (3) a Motion to Stay, also filed by Defendants, [Filing No. 42]. For the reasons set forth herein, Defendants' Motion for Leave to Amend Answer and Affirmative Defenses, [Filing No. 39], is GRANTED, MUSA's Motion for Judgment on the Pleadings as to the issue of liability for Count I of the Complaint, [Filing No. 26], is GRANTED, and Defendants' Motion to Stay, [Filing No. 42], is DENIED. (See Order). Signed by Judge Jane Magnus-Stinson on 7/12/2017. (APD)