STIPULATION AND ORDER SUSPENDING DEADLINES AS TO DEFENDANT RANJAN MENDONSA

HAYWOOD S. GILLIAM, Jr., District Judge.

Plaintiff Securities and Exchange Commission ("Commission" or "SEC") and Defendant Ranjan Mendonsa hereby submit the following Stipulation and Proposed Order, and request that the Court suspend upcoming deadlines as to Defendant Mendonsa, as follows:

WHEREAS, counsel for the Commission and counsel for Defendant Mendonsa have been working for months to determine whether a settlement of the Commission's case as to Defendant Mendonsa could be reached;

WHEREAS, following a settlement conference before Magistrate Judge Ryu on May 26, 2015, counsel for the Commission and counsel for Defendant Mendonsa arrived at a proposed settlement, subject to one contingency (Dkt. No. 80);

WHEREAS, pursuant to Magistrate Judge Ryu's order of May 27, 2015 (Dkt. No. 80), on June 24, 2015, Defendant Mendonsa reported satisfactorily to Judge Ryu regarding that contingency;

WHEREAS, the Commission's counsel expects to recommend the proposed settlement to the Commission for consideration and approval or disapproval;

WHEREAS, the process for obtaining Commission consideration and approval requires a formal presentation of an offer to the Commissioners who sit in Washington, D.C., and given the press of their business, the process typically takes approximately eight weeks to complete;

WHEREAS, in anticipation of settlement, counsel for the Commission and counsel for Defendant Mendonsa previously stipulated to extend the time for Defendant Mendonsa to answer the Complaint to September 8, 2015 (Dkt. No. 82);

WHEREAS, Defendant Mendonsa will lose much of the value of making a settlement offer if he is nevertheless required to participate in the upcoming events;

ACCORDINGLY, it is HEREBY STIPULATED by and between the undersigned parties that Defendant Mendonsa should be relieved of the obligation to meet all deadlines in this case until September 8, 2015. If, before September 8, 2015, the Commission has considered and either approved or rejected the settlement offer, the Commission and Defendant Mendonsa will so inform the Court immediately.

IT IS SO STIPULATED.

ORDER

Good cause appearing from the above Stipulation, the requested suspension of all deadlines to September 8, 2015 as to Defendant Ranjan Mendonsa is hereby GRANTED. IT IS HEREBY ORDERED THAT the Plaintiff Securities and Exchange Commission and Defendant Mendonsa will report to the Court no later than September 8, 2015 to inform the Court whether a settlement between them has been approved by both parties.

IT IS SO ORDERED.