Securities and Exchange Commission v. Imran Husain et al

Filing 56

ORDER RE SCHEDULING by Judge Otis D. Wright, II: After considering Defendants statements in the Joint Report, the Court will not issue a scheduling order at this time. Defendants shall submit any motion to stay to the Court on or before June 15, 2017. Failure to submit the motion by that date will result in issuance of scheduling order without further notice. The May 22, 2017 scheduling conference is vacated and taken off calendar. (lc). Modified on 5/16/2017 (lc).

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United States District Court
Central District of California

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SECURITIES AND EXCHANGE
COMMISSION,

Case No. 2:16-cv-03250-ODW(E)

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Plaintiff,

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ORDER RE SCHEDULING

v.

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IMRAN HUSAIN and GREGG EVAN
JACLIN,

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Defendants.

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On May 15, 2017, the parties filed a Federal Rule of Civil Procedure 26(f)

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Report. (ECF No. 55.) In that report, Defendants indicate there is a parallel criminal

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investigation being conducted by the U.S. Attorney’s Office in San Francisco of

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which they are “possible targets or subjects of investigation.” (Joint Rpt. 6, ECF No.

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55.) With this in mind, Defendants believe discovery in this case might implicate

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their rights and privileges under the Fifth Amendment of the Constitution and should

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thus be delayed. (Id.) Defendants indicate that they intend to file a motion to stay on

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these grounds. (Id.)

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After considering Defendants’ statements in the Joint Report, the Court will not

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issue a scheduling order at this time. Defendants shall submit any motion to stay to