Opinion
21 Civ. 8598 (VM)
11-18-2021
SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. ROBERT BERNARDI, NIHAT CARDAK, and SUNIL CHANDRA, Defendants.
ECF CASE
VICTOR MARRERO, U.S.D.J.
WHEREAS, on November 16, 2021, the Government submitted a motion seeking to intervene in this action and seeking a complete stay of further proceedings, in light of the pendency of the parallel criminal action United States v. Robert Bernardi et al., 21 Cr. 616 (PGG) (the “Criminal Action”), in which an indictment has been returned; and
WHEREAS, defendants Robert Bernardi, Nihat Cardak, and Sunil Chandra consent to the complete stay sought by the Government;
WHEREAS, the Securities and Exchange Commission (the “SEC”) takes no position on the request for a complete stay; and
WHEREAS, the Court finds that a complete stay in this action is in furtherance of the interests of justice and will not prejudice any party; it is hereby
ORDERED that the Government's motion to intervene is GRANTED. It is further
ORDERED that this action is stayed in its entirety until the completion of the Criminal Action.
SO ORDERED.