Fletcher Hyler v. Investment Grade Loans, Inc.

NOT FOR PUBLICATION UNITED STATES COURT OF APPEALS FILED FOR THE NINTH CIRCUIT JAN 13 2010 MOLLY C. DWYER, CLERK U.S. COURT OF APPEALS FLETCHER H. HYLER; SHERYL ROOT No. 08-17260 HYLER, D.C. No. 3:07-cv-03180-WHA Plaintiffs - Appellants, v. MEMORANDUM * INVESTMENT GRADE LOANS, INC.; LINCOLN TRUST COMPANY FBO; DOUG PICKERING; CHERN S. LIN; FELICIA LIN; JANICE TEMPEY; ROY S. WOLF; THOMAS C. O’CONNELL, Jr.; JANICE K. O’GRADY; PENSCO TRUST COMPANY AS CUSTODIAN FBO JOHN A. SNYDER IRA; PENSCO TRUST COMPANY AS CUSTODIAN FBO PHIL AHLFELDT IRA; JOHN STEVENS, Defendants - Appellees. Appeal from the United States District Court for the Northern District of California William H. Alsup, District Judge, Presiding Argued and Submitted December 11, 2009 San Francisco, California * This disposition is not appropriate for publication and is not precedent except as provided by 9th Cir. R. 36-3. Before: SCHROEDER and CALLAHAN, Circuit Judges, and LYNN, ** District Judge. Fletcher Hyler and Sheryl Hyler appeal the denial of their Fed. R. Civ. P. 60(b) motion to set aside a judgment entered after they settled their claims against defendants Investment Grade Loans et al. brought under the Truth in Lending Act. 15 U.S.C. § 1601 et seq. They contend that information they received after the judgment showed that statements by defendants’ counsel during the course of the litigation were false and that the judgment was therefore procured by fraud. We review for abuse of discretion. U.S. v. Asarco Inc., 430 F.3d 972, 978 (9th Cir. 2005). The district court did not abuse its discretion in denying the motion and in refusing to set aside the settlement. The statements amounted at worst to legal arguments about facts that may have been incorrect. As the district court noted, “fraud requires more,” Miller v. Yokohama Tire Corp., 358 F.3d 616, 621 (9th Cir. 2004), and nothing prevented the plaintiffs from pursuing rather than settling their claim. We deny the defendants’ request for sanctions; they have not properly invoked the provisions of any applicable rule. AFFIRMED. ** The Honorable Barbara M. Lynn, U.S. District Judge for the Northern District of Texas, sitting by designation. 2