Filed: Aug. 27, 2019
Latest Update: Aug. 27, 2019
Summary: STIPULATION AND ORDER TO WITHDRAW WITHOUT PREJUDICE PETITIONERS' MOTIONS FOR TEMPORARY RESTRAINING ORDER AND PRELIMINARY INJUNCTION MIRANDA M. DU , District Judge . Petitioners John Hurry, Trustee of Pee Pee Pop Trust, Pee Pee Pop Trust II, Pee Pee Pop Trust III, Man Cub Trust, Man Cub Trust II, and Man Cub Trust III dated July 22, 2013 (collectively, the "Trusts"), Alpine Securities Corporation ("Alpine"), Scottsdale Capital Advisors Corporation ("Scottsdale" and collectively, the "Corpora
Summary: STIPULATION AND ORDER TO WITHDRAW WITHOUT PREJUDICE PETITIONERS' MOTIONS FOR TEMPORARY RESTRAINING ORDER AND PRELIMINARY INJUNCTION MIRANDA M. DU , District Judge . Petitioners John Hurry, Trustee of Pee Pee Pop Trust, Pee Pee Pop Trust II, Pee Pee Pop Trust III, Man Cub Trust, Man Cub Trust II, and Man Cub Trust III dated July 22, 2013 (collectively, the "Trusts"), Alpine Securities Corporation ("Alpine"), Scottsdale Capital Advisors Corporation ("Scottsdale" and collectively, the "Corporat..
More
STIPULATION AND ORDER TO WITHDRAW WITHOUT PREJUDICE PETITIONERS' MOTIONS FOR TEMPORARY RESTRAINING ORDER AND PRELIMINARY INJUNCTION
MIRANDA M. DU, District Judge.
Petitioners John Hurry, Trustee of Pee Pee Pop Trust, Pee Pee Pop Trust II, Pee Pee Pop Trust III, Man Cub Trust, Man Cub Trust II, and Man Cub Trust III dated July 22, 2013 (collectively, the "Trusts"), Alpine Securities Corporation ("Alpine"), Scottsdale Capital Advisors Corporation ("Scottsdale" and collectively, the "Corporations"), and defendant Financial Industry Regulatory Authority, Inc. ("FINRA"), by and through their undersigned counsel, hereby stipulate and agree as follows:
1. On August 19, 2019, the Trusts and Corporations filed Motions for Temporary Restraining Order and Preliminary Injunction (Docs. 32 and 33) (the "Motions").
2. The Motions were predicated on FINRA's suspension of the memberships of the Corporations.
3. The suspensions have been stayed by the Securities and Exchange Commission pending its review of the decision of the FINRA Hearing Panel.
4. The stay of the Corporations' suspensions moots the Motions.
5. The Motions should be withdrawn without prejudice to the right of the Trusts and Corporations to seek, and FINRA to oppose, injunctive relief in the future.
In light of the foregoing, the Parties by and through their counsel hereby agree and stipulate that Petitioners' Motions for Temporary Restraining Order and Preliminary Injunction (Docs. 32 and 33) are withdrawn without prejudice to the Parties' rights to seek and/or oppose injunctive relief in the future.
SNELL & WILMER LLP SQUIRE PATTON BOGGS (US) LLP
/s/ William E. Peterson (with permission) /s/ Gregory A. Davis
William E. Peterson Gregory A. Davis
Nevada Bar No. 1528 Gregory S. Schneider
Janine C. Prupas One East Washington Street, Suite 2700
Nevada Bar No. 9156 Phoenix, Arizona 85004
50 W. Liberty Street, Suite 510 Attorneys for Financial Industry Regulatory
Reno, Nevada, Authority, Inc.
Counsel for Petitioners
ORDER
IT IS SO ORDERED.
