ORDER
KRISTEN L. MIX, Magistrate Judge.
This matter is before the Court on Claimant Richard P. Fleenor's ("Fleenor") Unopposed Motion to Stay Proceedings [#15]1 (the "Motion"). Claimant Fleenor seeks a stay of this matter until completion of parallel criminal proceedings against him. Motion [#15] at 2.
In the interest of justice, the Court may, at its discretion, stay a civil action until completion of parallel criminal proceedings. See AIG Life Ins. Co. v. Phillips, No. 07-cv-00500-PSF-MEH, 2007 WL 2116383, at *2 (D. Colo. July 20, 2007) (citing United States v. Kordel, 397 U.S. 1, 12 n.27 (1970)) (additional citations omitted). However, there is no constitutional right requiring a stay of civil proceedings pending the outcome of criminal proceedings, "absent substantial prejudice to a party's rights." Creative Consumer Concepts, Inc. v. Kreisler, 563 F.3d 1070, 1081 (2009).
In determining whether a stay is warranted in a particular case, the Court must generally balance the plaintiff's interests "in moving forward with the litigation against the interests of a defendant asserting Fifth Amendment rights who faces the choice of being prejudiced in the civil litigation if those rights are asserted or prejudiced in the criminal litigation if those rights are waived." See AIG Life Ins. Co., 2007 WL 2116383, at *2 (quoting In re CFS-Related Secs. Fraud Litig., 256 F.Supp.2d 1227, 1236 (N.D. Okla. 2003)).
When exercising its discretion, the Court considers the following factors:
1) the extent to which the issues in the criminal case overlap with those presented in the civil case; 2) the status of the case, including whether the defendants have been indicted; 3) the private interests of the plaintiffs in proceeding expeditiously weighed against the prejudice to plaintiffs caused by the delay; 4) the private interests of and burden on the defendants; 5) the interests of the courts; and 6) the public interest.
See AIG Life Ins. Co., 2007 WL 2116383, at *2 (quoting In re CFS, 256 F. Supp. 2d at 1236-37). Further, the Court may consider alternatives to a general stay, including "the imposition of protective orders, sealed interrogatories, a stay for a finite period of time, or a stay limited to a specific subject matter." See AIG Life Ins. Co., 2007 WL 2116383, at *2 (quoting In re CFS, 256 F. Supp. 2d at 1236).
With respect to the first factor, the parties appear to agree that there is substantial overlap between the criminal and civil proceedings with regard to Claimant Fleenor. See Motion [#15] ¶ 2. Based on the filings in this matter, the Court agrees with the parties. Accordingly, the Court finds that this factor weighs in favor of imposition of a stay.
With respect to the second factor, the Court generally inquires whether the criminal cases are in the pre- or post-indictment stages. See AIG Life Ins. Co., 2007 WL 2116383, at *2. "A stay is more likely warranted if an indictment has already been issued because (1) `the likelihood that a defendant may make incriminating statements is greatest after an indictment has issued,' and (2) `the prejudice to the plaintiffs in the civil case is reduced since the criminal case will likely be quickly resolved due to Speedy Trial Act considerations.'" Id. (quoting M.D. Diet Weight Loss & Nutrition Clinic, L.C. v. Absolute Weight Loss & Nutrition Ctr., LLC, No. 2:05-CV-605 TS, 2006 WL 2471524, at *1 (D. Utah Aug. 24, 2006)). Here, the criminal case against Claimant Fleenor appears to be in the post-indictment stage. Motion [#15] ¶ 2. Accordingly, the Court finds that the second factor weighs in favor of imposition of a stay.
With respect to the third factor, Plaintiff has a general interest in the expeditious resolution of its case. However, Plaintiff agrees to the imposition of a stay in this matter. Motion [#15] ¶ 9. Thus, the Court finds that this factor weighs in favor of imposition of a stay.
With respect to the fourth factor, Claimant Fleenor generally has an interest in avoiding the conflict between waiving his Fifth Amendment rights and, in essence, compromising his defense in this civil matter. The Court agrees and therefore finds that this factor weighs in favor of imposition of a stay.
With respect to the fifth factor, "[t]he Court has a strong interest in keeping litigation moving to conclusion without necessary delay." In re CFS, 256 F. Supp. 2d at 1241. On the other side of the scale, final resolution of the parallel criminal proceedings could increase the possibility of settlement in this case. See AIG Life Ins. Co., 2007 WL 2116383, at *4. Thus, the Court finds that this factor weighs neither in favor of nor against a stay.
With regard to the sixth and final factor, the Court finds that the public's only interest in this case is a general interest in its efficient and just resolution. Thus, the Court finds that this factor is neutral in light of those goals.
Application of the factors examined above results in the conclusion that the imposition of a stay is justified in this matter. Accordingly,
IT IS HEREBY ORDERED that the Motion [#15] is GRANTED. This matter is STAYED pending the outcome of Claimant Fleenor's related criminal cases.
IT IS FURTHER ORDERED Claimant Fleenor shall file a Status Report with the Court every 60 days until the underlying criminal cases are resolved and then a report within 10 days of final resolution of the underlying criminal cases.
