GARLAND E. BURRELL, Jr., Senior District Judge.
THE PARTIES HEREBY STIPULATE AND AGREE that the status conference currently set for August 22, 2014, be continued to October 10, 2014, and stipulate that the time beginning August 22, 2014, and extending through October 10, 2014, should be excluded from the calculation of time under the Speedy Trial Act. The parties submit that the ends of justice are served by the Court excluding such time, so that counsel for defendant may have reasonable time necessary for effective preparation, taking into account the exercise of due diligence. Therefore, the parties agree that 18 U.S.C. § 3161(h)(7)(A) and (B)(iv) establishes a basis for the exclusion of time under the Speedy Trial Act.
The parties are in the process of discussing and negotiating a resolution to this case, and although the case itself is not complex, there are issues of significance which must be determined to the satisfaction of both parties before and agreement can be reached. Thus, the parties require additional time to exchange and review discovery, consider any new evidence which may affect the disposition of this case, and conduct necessary legal research and investigation. The parties stipulate and agree that the interests of justice served by granting this continuance outweigh the best interests of the public and the defendants in a speedy trial. 18 U.S.C. § 3161(h)(7)(A) and (B)(iv) and Local Code T-4.