Opinion
21 Civ. 6907 (AT) (BCM)
07-18-2022
GEORGE ASSAD, derivatively on behalf of PERSHING SQUARE TONTINE HOLDINGS, LTD., Plaintiffs, v. PERSHING SQUARE TONTINE HOLDINGS, LTD., Nominal Defendant, PERSHING SQUARE TH SPONSOR, LLC, LISA GERSH, MICHAEL OVITZ, JACQUELINE D. RESES, JOSEPH S. STEINBERG, PERSHING SQUARE, L.P., PERSHING SQUARE INTERNATIONAL, LTD., and PERSHING SQUARE HOLDINGS, LTD., Defendants.
ORDER
ANALISA TORRES, DISTRICT JUDGE
The Court has reviewed the parties' letter dated July 12, 2022. ECF No. 94. Accordingly, Defendant's motion for a stay is GRANTED. This action shall be stayed until October 7, 2022. The parties shall file a stipulation of dismissal within seven (7) days of Nominal Defendant Pershing Square Tontine Holdings, Ltd.'s completion of its disclosed intention to redeem all shares of Class A common stock issued in its initial public offering, as stated in its July 12, 2022, Form 8-K filing with the Securities and Exchange Commission. See ECF No. 94.
The Clerk of Com! is directed to STAY the case.
SO ORDERED.