Opinion
No. 3:18-cv-02076-MO
02-14-2020
PACIFIC GULF SHIPPING CO.; and MICHAEL ELSE & COMPANY LTD., Plaintiffs, v. ADAMASTOS SHIPPING & TRADING S.A.; VIGOROUS SHIPPING & TRADING S.A.; BLUE WALL SHIPPING LTD.; PHOENIX SHIPPING & TRADING S.A.; THALASSA HOLDINGS S.A.; ALASTOR MARINE S.A.; GEORGE GOURDOMICHALIS; and EFSTATHIOS GOURDOMICHALIS, Defendants.
OPINION AND ORDER MOSMAN, J.,
On January 31, 2020, I granted Defendants Blue Wall Shipping's and Vigorous Shipping's ("Vigorous") Motion for Summary Judgment [ECF 186]. On February 10, 2020, Vigorous filed a Motion for Release of Funds [ECF 215], seeking that I release the USD 9,500,000 in funds that Vigorous was required to put forward as substitute security in this case. That same day, Plaintiffs also filed a Motion for Stay [ECF 216], requesting that I stay my order of summary judgment and/or the release of substitute security pending a full appeal of my decision to the Ninth Circuit. In the alternative, Plaintiffs request a temporary stay of 60 days so that they may seek a full emergency stay from a panel of the Ninth Circuit.
I DENY Plaintiffs' request for a full stay, but I GRANT their request for a temporary 60-day stay so that they may seek an emergency stay of any release of the substitute security before a panel of the Ninth Circuit.
IT IS SO ORDERED.
DATED this 14th day of February, 2020.
/s/_________
MICHAEL W. MOSMAN
United States District Judge