The Prudential Insurance Company of America et al v. Hosto

Filing 27

ORDER STAYING CASE: The Court hereby GRANTS the parties' motion to stay (Doc. 25 ) and STAYS this case. The Court DIRECTS Prudential to file a status report on December 1, 2008, and every two months thereafter. See attached Order for details. Signed by Judge Michael J. Reagan on 11/6/2008. (djp)

IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF ILLINOIS PRUDENTIAL INSURANCE COMPANY OF AMERICA, and PRUCO SECURITIES, LLC, Plaintiffs, vs. BARRY A. HOSTO, Defendant. ) ) ) ) ) ) ) ) ) ) )

Case No. 08-CV-0674-MJR

ORDER STAYING CASE REAGAN, District Judge: Prudential filed this action on September 25, 2008 (Doc. 2). On October 20, 2008, the parties filed a joint motion to stay this case pending the conclusion of related arbitration proceedings (Doc. 25). A stay will serve the interests of judicial economy and preserve the resources of the parties in this case. The Court does not wish to address issues that may be resolved in the ongoing arbitration proceedings. Therefore, the Court finds that a stay is warranted at this time. However, the parties have a duty to keep the Court apprised of the status and development of the arbitration proceedings. Accordingly, the Court GRANTS the parties' motion to stay (Doc.25) and STAYS this case. The Court DIRECTS Prudential to file a status report on December 1, 2008, and every two months thereafter. Questions regarding this Order may be addressed Judge Reagan's law clerk, David Pfeffer, at 618-482-9424. IT IS SO ORDERED. DATED this 6th day of November 2008. s/ Michael J. Reagan MICHAEL J. REAGAN United States District Judge

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