Securities and Exchange Commission v. Bivona et al

Filing 272

ORDER RE NOVEMBER 16, 2017 STATUS CONFERENCE AND PROPOSED CLAIM FORM. Signed by Judge Edward M. Chen on November 14, 2017. (Attachments: # 1 Attachment - Proposed Revisions to Claim Form)(emclc1, COURT STAFF) (Filed on 11/14/2017) (Additional attachment(s) added on 11/14/2017: # 2 Certificate/Proof of Service) (emcsec, COURT STAFF).

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UNITED STATES DISTRICT COURT

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NORTHERN DISTRICT OF CALIFORNIA

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SECURITIES AND EXCHANGE

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Case No. 16-cv-01386-EMC

COMMISSION,
Plaintiff,

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v.

ORDER REGARDING NOVEMBER 16,
2017 STATUS CONFERENCE AND
PROPOSED CLAIM FORM
Docket No. 265, 268

JOHN V. BIVONA, et al.,

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For the Northern District of California

United States District Court

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Defendants.

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The parties should be prepared to discuss the following issues at the November 16, 2017
status conference:

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1. The Court’s proposed revisions to the proposed claim form, attached to this order.

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2. Whether, to reduce the burden on potential claimants, the Receiver can pre-

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populate notices to investors whose identities or investments are already known.
3. Whether the Receiver has sent demand letters to all persons to whom Square shares

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are believed to have been over-distributed; whether the Receiver is satisfied with the two

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responses received thus far; and what action, if any, the Receiver proposes to take with respect to

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any persons who have not responded or any persons whose responses it deemed unsatisfactory.

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IT IS SO ORDERED.
Dated: November 14, 2017
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EDWARD M. CHEN
United States District Judge