Securities And Exchange Commission v. JSW Financial Inc. et al

Filing 29

ORDER STAYING CASE. Signed by Judge Samuel Conti on 7/7/2011. (sclc1, COURT STAFF) (Filed on 7/7/2011)

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IN THE UNITED STATES DISTRICT COURT

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FOR THE NORTHERN DISTRICT OF CALIFORNIA

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SECURITIES AND EXCHANGE
COMMISSION,
Plaintiff,

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United States District Court

For the Northern District of California

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v.

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JSW FINANCIAL INC.; JAMES S.
WARD; DAVID S. LEE; EDWARD F.
LOCKER; RICHARD F. TIPTON; and
DAVID C. LIN,

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Defendants,

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and
BLUE CHIP REALTY FUND LLC and
SHORELINE INVESTMENT FUND, LLC,
Relief Defendants.

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) Case No. 11-1356 SC
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) ORDER STAYING CASE
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Defendant JSW Financial Inc. ("JSW") has filed a petition for

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bankruptcy in the Northern District of California under Chapter 7

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of the Bankruptcy Code.

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this bankruptcy filing operates as an automatic stay of the action

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brought against JSW by Plaintiff Securities and Exchange Commission

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("Plaintiff").

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Case No. 09-57648.

Under 11 U.S.C. § 362,

As such, the Court STAYS this action against JSW.

In the

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interest of judicial economy, the Court also STAYS this action as

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to all Defendants.

Within thirty (30) days of final resolution of

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the bankruptcy action, Plaintiff shall file a request for the Court

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to lift this stay.

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Defendants if Plaintiff establishes that the interests of justice

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or efficiency so requires.

The Court will lift the stay as to the other

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IT IS SO ORDERED.

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Dated: July 7, 2011
UNITED STATES DISTRICT JUDGE

United States District Court

For the Northern District of California

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