From Casetext: Smarter Legal Research

Sec. & Exch. Comm'n v. Canafarma Hemp Prods. Corp.

United States District Court, S.D. New York
Dec 28, 2021
21 Civ. 8211 (PGG) (S.D.N.Y. Dec. 28, 2021)

Opinion

21 Civ. 8211 (PGG)

12-28-2021

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. CANAFARMA HEMP PRODUCTS CORP., VITALY FARGESEN, and IGOR PALATNIK, Defendants,


HONORABLE PAUL G. GARDEPHE, UNITED STATES DISTRICT JUDGE

WHEREAS, on December 20, 2021, the Government submitted a motion seeking to intervene in this action and seeking a stay of this action, in light of the pendency of the parallel criminal action United States v. Vitaly Fargesen, et al., 21 Cr. 602 (LAP) (the “Criminal Action”), in which an indictment has been returned; and

WHEREAS, defendants Vitaly Fargesen and Igor Palatnik consent to a stay; and

WHEREAS, defendant CanaFarma Hemp Product Corp. has not caused counsel to appear on its behalf; and

WHEREAS, the Securities and Exchange Commission (the “SEC”) does not oppose the stay requested by the Government; and

WHEREAS, the Court finds that the stay requested by the Government 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:

1. Proceedings in this action are stayed in their entirety during the pendency of the Criminal Action, without prejudice to an application by any party for a partial lifting of the stay based on subsequent developments in the Criminal Case. .

SO ORDERED:


Summaries of

Sec. & Exch. Comm'n v. Canafarma Hemp Prods. Corp.

United States District Court, S.D. New York
Dec 28, 2021
21 Civ. 8211 (PGG) (S.D.N.Y. Dec. 28, 2021)
Case details for

Sec. & Exch. Comm'n v. Canafarma Hemp Prods. Corp.

Case Details

Full title:SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. CANAFARMA HEMP PRODUCTS…

Court:United States District Court, S.D. New York

Date published: Dec 28, 2021

Citations

21 Civ. 8211 (PGG) (S.D.N.Y. Dec. 28, 2021)