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SECURITIES AND EXCHANGE COMMISSION v. HU, 09-CV-1177 RAW (2013)

Court: District Court, N.D. California Number: infdco20130117972 Visitors: 12
Filed: Jan. 16, 2013
Latest Update: Jan. 16, 2013
Summary: JOINT REQUEST AND [] ORDER TO RESCHEDULE SETTLEMENT CONFERENCE RONALD M. WHYTE, District Judge. WHEREAS, the Court by Order dated August 8, 2012, set a trial date of June 3, 2013 in this matter [ see Bond Dkt. 91]; WHEREAS, the Court also ordered a Settlement Conference "on a date to be set in January 2013" [ id. ]; WHEREAS, the parties received a Notice and Order Regarding Settlement Conference on August 9, 2012 [ see Hu Dkt. 34] (the "Settlement Conference Order"), scheduling the Settlem
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JOINT REQUEST AND [] ORDER TO RESCHEDULE SETTLEMENT CONFERENCE

RONALD M. WHYTE, District Judge.

WHEREAS, the Court by Order dated August 8, 2012, set a trial date of June 3, 2013 in this matter [see Bond Dkt. 91];

WHEREAS, the Court also ordered a Settlement Conference "on a date to be set in January 2013" [id.];

WHEREAS, the parties received a Notice and Order Regarding Settlement Conference on August 9, 2012 [see Hu Dkt. 34] (the "Settlement Conference Order"), scheduling the Settlement Conference on January 23, 2013;

WHEREAS, counsel for plaintiff Securities and Exchange Commission (the "Commission") and counsel for defendant Stephen C. Bond have engaged in on-going discussions to resolve the claims against Mr. Bond;

WHEREAS, counsel for the Commission and counsel for Mr. Bond believe that the parties are close to reaching a resolution;

WHEREAS, counsel for the Commission has not been in contact with defendant Albert Hu and defendants Asenqua, Inc., Asenqua Capital Management, LLC, AQC Asset Management, Ltd., and Fireside Capital Management, Ltd., who are not represented in the Commission's civil action;

WHEREAS, counsel for the Commission intends to file a dispositive motion against Mr. Hu and Asenqua defendants based on, among other things, the verdict against Mr. Hu and the anticipated final judgment against him in the related criminal proceedings;

WHEREAS, counsel for Mr. Bond underwent a medical procedure on January 11, 2013, and is currently recovering and unable to participate in the scheduled Settlement Conference on January 23, 2013;

WHEREAS, in light of counsel's medical recovery and the current status of settlement discussions, the parties agreed to request a continuance of the Settlement Conference; and

WHEREAS, pursuant to Paragraph (F) of the Settlement Conference Order, the parties have reviewed the Judge Beeler's calendar and propose May 17, 2013, at 9:30 a.m. for the Settlement Conference.

THEREFORE, pursuant to Paragraph (F) of the Settlement Conference Order, the parties agree to request Judge Whyte's approval that the Settlement Conference be scheduled after January 2013, and request Judge Beeler's Order scheduling the Settlement Conference on May 17, 2013, at 9:30 a.m.

IT IS SO STIPULATED.

DATED: January 15, 2013 /s/ Robert L. Tashjian ROBERT L. TASHJIAN Attorney for Plaintiff SECURITIES AND EXCHANGE COMMISSION DATED: January 15, 2013 /s/ Gail Shifman GAIL SHIFMAN LAW OFFICES OF GAIL SHIFMAN 44 Montgomery Street, Suite 3850 San Francisco, CA 94104 Telephone: (415) 551-1500 Facsimile: (415) 551-1502 Cal. Bar. No. 147334 Attorneys for Defendant STEPHEN C. BOND

PURSUANT TO STIPULATION, IT IS SO ORDERED.

Source:  Leagle

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