United States Commodity Futures Trading Commission v. SNC Asset Management, Inc. et al

Filing 24

ORDER DISCHARGING ORDER TO SHOW CAUSE; VACATING JULY 7, 2009 HEARING. The order directing defendant Chung to show cause why an order for preliminary injunction should not be issued is discharged. Signed by Judge Maxine M. Chesney on July 6, 2009. (mmclc1, COURT STAFF) (Filed on 7/6/2009)

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UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SAN FRANCISCO DIVISION ________________________________________ ) ) UNITED STATES COMMODITY FUTURES ) Case No. CV 09-2555 MMC TRADING COMMISSION, ) ) (proposed) ORDER DISCHARGING Plaintiff, ) ORDER TO SHOW CAUSE; ) VACATING JULY 7, 2009 HEARING vs. ) ) SNC ASSET MANAGEMENT, INC., ) formerly Son and Company, Inc., SNC ) INVESTMENTS, INC., PETER SON and JIN ) K. CHUNG, ) Defendants, ) ) and ) ) ANN LEE, ) ) Relief Defendant. ) ________________________________________ )

(proposed) Order Discharging Order To Show Cause

Case No. CV 09-2555 MMC

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By order filed June 19, 2009, the Court directed defendant Jin K. Chung ("Chung") to show cause "why an Order for Preliminary Injunction should not be granted to prohibit further violations of the Act and why the other relief requested should not be granted pending the trial on the merits of this action." (see Order, filed June 19, 2009, at 2:26 to 3:2), and scheduled a hearing for July 7, 2009.

6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 (proposed) Order Discharging Order to Show Cause Case No. CV 09-2555 MMC 2 ___________________________________ MAXINE M. CHESNEY United States District Judge Before the Court is plaintiff's Statement Re: Statutory Restraining Order Against Defendant Jin K. Chung, filed July 6, 2009, in which plaintiff represents that it does not request issuance of a preliminary injunction against that Defendant at this time. In light of plaintiff's Statement, the Court hereby DISCHARGES the order to show cause issued June 19, 2009, and VACATES the hearing scheduled for July 7, 2009. IT IS SO ORDERED. 6 Dated: July ____, 2009