Ramsey et al v. Southeastern Employee Benefit Services Inc

Filing 103

ORDER granting 97 Motion to Stay pending ruling on a dispositive motion and vacating the current trial setting for the week of October 13, 2009. Signed by Judge James M. Moody on 7/21/09. (bkp)

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IN THE UNITED STATES DISTRICT COURT EASTERN DISTRICT OF ARKANSAS WESTERN DIVISION BILL and EDITH RAMSEY, and SUNRISE ARKANSAS INC. PLAN SPONSOR v. No. 4:07-CV-00790 JMM PLAINTIFFS SOUTHEASTERN EMPLOYEE BENEFIT SERVICES, INC., FIRST CHARTER CORPORATION, PAYCHEX, INC., and STEPHENS INC. d/b/a STEPHENS CAPITAL MANAGEMENT STEPHENS INC. d/b/a STEPHENS CAPITAL MANAGEMENT v. DEFENDANTS THIRD-PARTY PLAINTIFF SUNRISE ARKANSAS, INC. DEFINED BENEFIT PLAN, ITW SAVINGS AND INVESTMENT PLAN, and ILLINOIS TOOL WORKS INC. MASTER PENSION TRUST THIRD-PARTY DEFENDANTS ORDE R Pending is Stephens Inc.'s motion to stay proceedings and vacate trial setting. (Docket # 97). Plaintiffs Bill and Edith Ramsey and Sunrise Arkansas, Inc. as Plan Sponsor and Third Party Defendants Sunrise Arkansas Inc, Defined Benefit Plan, ITW Savings and Investment Plan and Illinois Tool Works, Inc., Master Pension Trust filed a joint response opposing Stephens' motion. Stephens filed a reply. For good cause shown, the motion to stay proceedings and vacate trial setting is GRANTED. The Court finds that a stay of proceedings until the Court rules on the pending dispositive motion will not unfairly prejudice the Plaintiffs. Accordingly, this case will be administratively stayed pending consideration of the dispositive motion. The current trial setting the week of October 13, 2009 is vacated. An amended scheduling order will be entered if necessary following the Court's ruling on the pending motion. IT IS SO ORDERED this 21st day of July, 2009. ______________________________ James M. Moody United States District Judge 2

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