Opinion
2:22-cv-01258-GMN-NJK
10-26-2023
COMMODITY FUTURES TRADING COMMISSION, Plaintiff, v. DANIEL SHAK, an individual, Defendant.
COMMODITY FUTURES TRADING COMMISSION James H. Holl, III (pro hac vice) Brian A. Hunt (pro hac vice) Three Lafayette Centre Attorneys for Plaintiff Commodity Futures Trading Commission KAEMPFER CROWELL Robert McCoy, No. 9121 Sihomara L. Graves, No. 13239 Briana Martinez, No. 14919 STROOCK & STROOCK & LAVAN LLP Melvin A. Brosterman (pro hac vice) David J. Kahne (pro hac vice) Elizabeth Milburn (pro hac vice) Attorneys for Defendant Daniel L. Shak
COMMODITY FUTURES
TRADING COMMISSION
James H. Holl, III (pro hac vice)
Brian A. Hunt (pro hac vice)
Three Lafayette Centre
Attorneys for Plaintiff Commodity Futures
Trading Commission
KAEMPFER CROWELL
Robert McCoy, No. 9121
Sihomara L. Graves, No. 13239
Briana Martinez, No. 14919
STROOCK & STROOCK & LAVAN LLP
Melvin A. Brosterman (pro hac vice)
David J. Kahne (pro hac vice)
Elizabeth Milburn (pro hac vice)
Attorneys for Defendant Daniel L. Shak
STIPULATION TO STAY PENDING SETTLEMENT
Plaintiff Commodity Futures Trading Commission (“Commission”) and Defendant Daniel Shak (“Shak”) (collectively the “Parties”) have agreed to a settlement in principle that would fully resolve all of the claims brought by the Commission against Shak in this action, and obviate the need for further proceedings in this Court. However, the process of negotiating, drafting, and finalizing a proposed consent order will take several weeks.
Accordingly, the Parties jointly stipulate and request that this Court stay the deadlines in the scheduling order in this action, including the discovery cutoff of November 14, 2023, until December 5, 2023 to allow the settlement to be concluded. The parties will file a joint status report with the Court on or before December 5, 2023, advising the Court of the status of negotiations and the expected date by which they intend to file a proposed consent order.
ORDER
IT IS SO ORDERED.