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: