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United States Sec. & Exch. Comm'n v. Qin

United States District Court, S.D. New York
Dec 7, 2021
20-cv-10849 (LGS) (S.D.N.Y. Dec. 7, 2021)

Opinion

20-cv-10849 (LGS)

12-07-2021

UNITED STATES SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. STEFAN QIN, VIRGIL TECHNOLOGIES LLC, MONTGOMERY TECHNOLOGIES LLC, VIRGIL QUANTITATIVE RESEARCH, LLC, VIRGIL CAPITAL LLC, and VQR PARTNERS LLC, Defendants.


[PROPOSED] ORDER GRANTING RECEIVER PERMISSION TO FILE REPORTS TO THE COURT UNDER SEAL

LORNA G. SCHOFIELD UNITED STATES DISTRICT JUDGE

WHEREAS pursuant to the Order Appointing Receiver (“Receiver Order”), ECF No. 31, Robert A. Musiala Jr., Esq., Court-appointed Receiver in the above-referenced matter, files public Quarterly Status Reports within 30 days after the end of each calendar quarter;

WHEREAS the Receiver seeks to provide additional information to the Court regarding his efforts to faithfully execute his duties under the Receiver Order for the protection and benefit of harmed investors;

WHEREAS the Receiver Order directs the Receiver, among other duties, to “use reasonable efforts to determine the nature, location, and value of all property interests of the Receivership Entities and all other Recoverable Assets” and to “take such action as necessary and appropriate for the preservation of Receivership Property or to prevent the dissipation or concealment of Receivership Property”;

WHEREAS the Receiver seeks to protect the integrity of his investigation and prevent any potential wrongdoers from dissipating, concealing, or otherwise attempting to maintain assets that must be returned for the benefit of the Receivership Estates;

WHEREAS the additional information the Receiver seeks to provide the Court, if made public, would inhibit the Receiver from fulfilling his duty to prevent any potential wrongdoers from dissipating, concealing, or otherwise attempting to maintain assets that must be returned for the benefit of the Receivership Estates;

IT IS HEREBY ORDERED THAT:

The Receiver is authorized to file reports to the Court, apart from the Quarterly Status Reports under the Receiver Order, under seal to provide the Court with additional information regarding the Receiver's efforts to faithfully execute his duties under the Receiver Order for the protection and benefit of harmed investors.

SO ORDERED.


Summaries of

United States Sec. & Exch. Comm'n v. Qin

United States District Court, S.D. New York
Dec 7, 2021
20-cv-10849 (LGS) (S.D.N.Y. Dec. 7, 2021)
Case details for

United States Sec. & Exch. Comm'n v. Qin

Case Details

Full title:UNITED STATES SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. STEFAN…

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

Date published: Dec 7, 2021

Citations

20-cv-10849 (LGS) (S.D.N.Y. Dec. 7, 2021)