Opinion
20 Civ. 1183 (NRB)
08-03-2021
COMMODITY FUTURES TRADING COMMISSION, Plaintiff, v. MICHAEL ACKERMAN, Q3 HOLDINGS, LLC, and Q3 I, LP, Defendants.
ORDER
NAOMI REICE BUCHWALD UNITED STATES DISTRICT JUDGE.
WHEREAS, on January 7, 2021, plaintiff filed a motion for default judgment against defendants seeking injunctive relief, restitution, and civil monetary penalties (ECF No. 42); and
WHEREAS defendant Ackerman is currently facing criminal charges for related conduct in United States v. Ackerman, No. 20 Cr. 93 (LTS) (S.D.N.Y.); and
WHEREAS the resolution of defendant Ackerman's criminal case will inform the Court's consideration of the appropriate relief in this action; and
WHEREAS plaintiff has informed the Court that it has no objection to resolving its motion for default judgment until defendant Ackerman's criminal case has been resolved; it is hereby
ORDERED that plaintiff's motion for default judgment is denied without prejudice; and it is further
ORDERED that plaintiff is granted leave to file a renewed motion for default judgment following the resolution of defendant Ackerman's criminal case.
The Clerk of Court is respectfully directed to terminate the motion pending at ECF No. 42.