PEGGY A. LEEN, Magistrate Judge.
IT IS HEREBY STIPULATED AND AGREED, by and between Steven W. Myhre, Acting United States Attorney, and John Patrick Burns, Assistant United States Attorney, counsel for the United States of America, and Martin Melendrez, Esquire, counsel for defendant, that the bench trial in the above-captioned matter, currently scheduled for May 10, 2017, at the hour of Court.
This stipulation is entered into for the following reasons
1. The parties are in the process of negotiating a resolution of the case that would obviate the need for trial. The parties need additional time to do so.
2. Defendant is out of federal custody and agrees to the continuance.
3. Denial of this request for a trial continuance would prejudice both the Defendants and the Government and unnecessarily consume this Court's valuable resources, taking into account the exercise of due diligence.
4. Additionally, denial of this request for continuance could result in a miscarriage of justice.
5. This is the first request for continuance of the trial in this case.
Based on the pending stipulation of counsel, and good cause appearing therefore,
IT IS HEREBY ORDERED that the bench trial in the above-captioned matter currently scheduled for May 10, 2017, at the hour of 9:00 a.m., be vacated and continued to