Joint Status Report: PAYSERVICES BANK, v. FEDERAL RESERVE BANK OF SAN FRANCISCO,

Summary

Joint Status Report, DktEntry 57.1, in the United States Court of Appeals for the Ninth Circuit (No. 24-2355), dated March 31, 2025, PayServices Bank v. Federal Reserve Bank of San Francisco, on appeal from the District of Idaho, No. 1:23-cv-00305-REP. It responds to the Court's Order entered on January 24, 2025 directing status reports every 30 days until resolution of the administrative appeal. The parties state that the Federal Reserve Bank of San Francisco did not attend the Idaho Office of Administrative Hearings and has no updates beyond PayServices' reports, that both parties submitted closing statements and legal argument responses by March 14 and March 21, 2025, and that the matter remains pending with the hearing officer awaiting a written ruling. It carries s/ signature lines for Jade A. Craig and Jonathan K. Youngwood.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Full text

              Case: 24-2355, 03/31/2025, DktEntry: 57.1, Page 1 of 4




                             No. 24-2355
__________________________________________________________________

             IN THE UNITED STATES COURT OF APPEALS
                     FOR THE NINTH CIRCUIT


                               PAYSERVICES BANK,

                                        Plaintiff-Appellant,

                                       v.

                 FEDERAL RESERVE BANK OF SAN FRANCISCO,

                                        Defendant-Appellee.

                On Appeal from the United States District Court
                           for the District of Idaho
                           No. 1:23-cv-00305-REP
                       Hon. Raymond E. Patricco, Jr.


                         JOINT STATUS REPORT


Jade A. Craig, Esq.                      Jonathan K. Youngwood
Jade A. Craig, P.A.                      Simpson Thacher & Bartlett LLP
1048 S. Clearview Avenue, #3             425 Lexington Avenue
Tampa, Florida 33629                     New York, NY 10017
Telephone: (813) 459-1309                Telephone: (415) 455-3539
jade@jadeacraigpa.com                    jyoungwood@stblaw.com

Attorney for Appellant                   Attorney for Appellee Federal Reserve
PayServices Bank                         Bank of San Francisco

                Case: 24-2355, 03/31/2025, DktEntry: 57.1, Page 2 of 4




                                 INTRODUCTION

      In the Court’s Order entered on January 24, 2025 (Docket Entry No. 52.1),

the Court directed the parties to “file a status report as to the status of the appeal by

February 27, 2025 and every 30 days thereafter until the resolution of the

administrative appeal.” In compliance with this directive, the parties state the

following:

      1.     Appellee Federal Reserve Bank of San Francisco (“FRBSF”) did not

attend the Idaho Office of Administrative Hearings, does not have access to the

closing statements and legal argument responses described below, and has no

updates or information regarding the status of PayServices’ administrative appeal.

FRBSF is only aware of the below events through PayServices’ updates herein.

      2.     At the conclusion of the hearing in the Idaho Office of Administrative

Hearings, the hearing officer directed the parties to submit closing statements by

March 7, 2025, with the option to provide responses to any legal arguments raised

by the opposing party by March 14, 2025.

      3.     The hearing office extended these deadlines to March 14 and March 21,

2025, respectively, at the request of both of the parties (the Idaho Department of

Finance and PayServices Bank).

      4.     Both parties timely submitted closing statements and legal argument

responses by March 14 and March 21, 2025, respectively.

                Case: 24-2355, 03/31/2025, DktEntry: 57.1, Page 3 of 4




      5.     The matter has been fully briefed and remains pending with the hearing

officer. The parties await a written ruling from the hearing officer.

      6.     Any further updates in this matter will be provided via a status report

which will be filed 30 days from today’s date.

Date: March 31, 2025


 Jade A. Craig, P.A.                          Simpson Thacher & Bartlett LLP

 s/ Jade A. Craig_______                      s/ Jonathan K. Youngwood_____
 Jade A. Craig                                Jonathan K. Youngwood

 Attorney for Appellant PayServices           Attorney for Appellee Federal Reserve
 Bank                                         Bank of San Francisco




                                          2

               Case: 24-2355, 03/31/2025, DktEntry: 57.1, Page 4 of 4




                 CERTIFICATE OF FILING AND SERVICE

      I hereby certify that on this 31st day of March, 2025, I electronically filed the

foregoing with the Clerk of Court for the United States Court of Appeals for the

Ninth Circuit by using the appellate CM/ECF system.


                                              /s/ Jonathan K. Youngwood_________
                                              Jonathan K. Youngwood
                                              Simpson Thacher & Bartlett LLP
                                              425 Lexington Avenue
                                              New York, NY 10017
                                              Telephone: (212) 455-2000
                                              jyoungwood@stblaw.com

                                              Attorney for Appellee Federal Reserve
                                              Bank of San Francisco




                                          3

File and source

File

gov.uscourts.ca9.1a3878fe-2377-4c5c-b106-0563eb262821.57.0.pdf

Size

229,376 bytes

SHA-256

171620e749266dc90eb3583e5d785c3528d7518558e3616720a82d91631ad399

Our copy

gov.uscourts.ca9.1a3878fe-2377-4c5c-b106-0563eb262821.57.0.pdf

Original

storage.courtlistener.com