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SECURITIES AND EXCHANGE COMMISSION v. MAZZOLA, 12-cv-1258 MMC. (2014)

Court: District Court, N.D. California Number: infdco20140116b61 Visitors: 15
Filed: Jan. 15, 2014
Latest Update: Jan. 15, 2014
Summary: ORDER APPROVING STIPULATION AND [PROPOSED] ORDER TO CONTINUE TRIAL DATE MAXINE M. CHESNEY, District Judge. Plaintiff Securities and Exchange Commission (the "Commission") and defendants Frank Mazzola, Felix Investments, LLC, and Facie Libre Management Associates, LLC (collectively, the "Defendants") have entered into the following stipulation and ask the Court to enter the Proposed Order continuing the trial date, as follows: 1. Defendants have submitted to the Commission a signed offer to
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ORDER APPROVING

STIPULATION AND [PROPOSED] ORDER TO CONTINUE TRIAL DATE

MAXINE M. CHESNEY, District Judge.

Plaintiff Securities and Exchange Commission (the "Commission") and defendants Frank Mazzola, Felix Investments, LLC, and Facie Libre Management Associates, LLC (collectively, the "Defendants") have entered into the following stipulation and ask the Court to enter the Proposed Order continuing the trial date, as follows:

1. Defendants have submitted to the Commission a signed offer to settle this matter. If accepted by the Commission and entered by the Court, Defendants' offer of settlement would resolve the claims in this matter entirely. The Commission's undersigned counsel will recommend that the Commission accept Defendants' offer of settlement.

2. The Commission, as a public agency, follows a process for consideration of such offers that Commission's counsel estimates will require approximately six to eight weeks to complete.

3. Selection of the jury in this matter is scheduled for January 16, 2014, and trial is scheduled to begin on January 21, 2014.

4. The Commission and the Defendants believe it is in their best interests, and in the interest of efficiency and judicial economy, to allow the time for the Commission to consider the Defendants' settlement offer prior to a jury trial of this matter. In particular, if the Commission accepts the offer, a jury trial would be unnecessary and this case would be resolved subject to this Court's approval of the parties' settlement.

THEREFORE, the parties agree and hereby request the Court to vacate the current trial dates. The parties further request that the Court set a case management conference for Friday, March 14, 2014 at 10:30 a.m. By that date the parties expect to be able to apprise the Court as to the acceptance or rejection of the offer.

PURSUANT TO STIPULATION, IT IS SO ORDERED.

IT IS FURTHER ORDERED that the parties shall file, no later than March 7, 2014, a Joint Case Management Statement.

Source:  Leagle

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