Filed: Apr. 10, 2017
Latest Update: Apr. 10, 2017
Summary: STIPULATED ORDER STAYING PROCEEDINGS RICHARD SEEBORG , District/Magistrate Judge . WHEREAS, counsel for Plaintiff Securities and Exchange Commission ("SEC" or the "Commission") and counsel for Defendant Ryan Petersen have reached a settlement in principle that would resolve all of the SEC's claims in this action; WHEREAS, the settlement remains subject to approval by the Commission, and the parties need additional time to obtain Commission approval and to incorporate the settlement's terms
Summary: STIPULATED ORDER STAYING PROCEEDINGS RICHARD SEEBORG , District/Magistrate Judge . WHEREAS, counsel for Plaintiff Securities and Exchange Commission ("SEC" or the "Commission") and counsel for Defendant Ryan Petersen have reached a settlement in principle that would resolve all of the SEC's claims in this action; WHEREAS, the settlement remains subject to approval by the Commission, and the parties need additional time to obtain Commission approval and to incorporate the settlement's terms ..
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STIPULATED ORDER STAYING PROCEEDINGS
RICHARD SEEBORG, District/Magistrate Judge.
WHEREAS, counsel for Plaintiff Securities and Exchange Commission ("SEC" or the "Commission") and counsel for Defendant Ryan Petersen have reached a settlement in principle that would resolve all of the SEC's claims in this action;
WHEREAS, the settlement remains subject to approval by the Commission, and the parties need additional time to obtain Commission approval and to incorporate the settlement's terms into a written consent and a proposed final judgment for filing with the Court;
WHEREAS, the finalized settlement would render moot all issues for the parties and the Court to address at the April 20, 2017 case management conference;
IT IS HEREBY STIPULATED AND ORDERED:
A. That the proceedings in this action shall be stayed for 90 days;
B. That the April 20, 2017 case management conference is cancelled until further order of this Court, and the parties shall not be required to submit the joint report currently due on April 13, 2017; and
C. The parties shall promptly update the Court if circumstances arise that would give grounds to believe that the settlement will not be finalized.
CERTIFICATION PURSUANT TO CIVIL L.R. 5-1(i)(3)
I attest that concurrence in the filing of this document has been obtained from the foregoing party listed immediately above this certification.
PURSUANT TO STIPULATION, IT IS SO ORDERED.
