Opinion
22-cv-11120
05-28-2024
FEDERAL TRADE COMMISSION, Plaintiff, v. FINANCIAL EDUCATION SERVICES, INC., et al., Defendants.
ORDER STAYING CASE FOR 120 DAYS TO CONSIDER FINAL SETTLEMENT AGREEMENT AS TO DEFENDANTS FINANCIAL EDUCATION SERVICES, INC., UNITED WEALTH SERVICES, INC., VR-TECH, LLC, YOUTH FINANCIAL LITERACY FOUNDATION, LK COMMERCIAL LENDING LLC, AND PARIMAL NAIK
MATTHEW F. LEITMAN, UNITED STATES DISTRICT JUDGE.
This cause is before the Court on the stipulated motion of the Plaintiff Federal Trade Commission (“FTC”) and Defendants Financial Education Services, Inc., United Wealth Services, Inc., VR-Tech, LLC, Youth Financial Literacy Foundation, LK Commercial Lending LLC, and Parimal Naik (“FES Defendants”) to stay all deadlines in this case for 120 days so that the FTC can consider final settlement agreements in this matter with the FES Defendants. The Court previously entered a similar stay with respect to Defendants VR-Tech MGT, LLC, CM Rent Inc., Statewide Commercial Lending LLC, Michael Toloff, and Christopher Toloff and Relief Defendant Gayle Toloff. (ECF No. 166.) The Court having considered the pleadings and other filings and being fully advised in the premises finds good cause exists to grant the requested stay. Accordingly, it is hereby
ORDERED that the stipulated motion is GRANTED.
IT IS FURTHER ORDERED that all deadlines in this case that relate to the FTC and the FES Defendants shall be continued for 120 days from the date hereof, including all deadlines set forth in the Scheduling Order entered on April 22, 2024. (ECF No. 164.)
IT IS FURTHER ORDERED that this stay shall not apply to Defendant Gerald Thompson. The case and litigation shall continue, an all deadlines remain unaffected, as to Defendant Gerald Thompson.
IT IS SO ORDERED.