People Of The State Of California v. Villalobos et al

Filing 40

MINUTE ORDER IN CHAMBERS of the Honorable Judge Edward C. Reed, Jr, on 9/12/2011. Debtors-Appellants' 34 Motion to Stay Pending Appeal is DENIED. Debtor-Appellants may, however, seek a stay of the state court proceedings through the Ninth Circuit Court of Appeals.(Copies have been distributed pursuant to the NEF - PM)

UNITED STATES DISTRICT COURT
DISTRICT OF NEVADA
RENO, NEVADA
IN RE:

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ALFRED J.R. VILLALOBOS, an
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individual,
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Debtor.
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___________________________________)
THE PEOPLE OF THE STATE OF
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CALIFORNIA, EX REL., EDMUND G.
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BROWN JR., ATTORNEY GENERAL OF
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THE STATE OF CALIFORNIA,
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Appellant,
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vs.
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ALFRED J.R. VILLALOBOS and ARVCO
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CAPITAL RESEARCH, LLC,
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Appellees.
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PRESENT:
Deputy Clerk:

3:10-cv-00598-ECR-RAM
MINUTES OF THE COURT
DATE: September 9, 2011

EDWARD C. REED, JR.
COLLEEN LARSEN

U. S. DISTRICT JUDGE
Reporter:

NONE APPEARING

Counsel for Plaintiff(s)

NONE APPEARING

Counsel for Defendant(s)

NONE APPEARING

MINUTE ORDER IN CHAMBERS
Debtors-Appellants’ Motion to Stay Pending Appeal (#34) is DENIED.
Debtor-Appellants request a stay of the enforcement of this Court’s Amended
Order (#24) and Judgment (#25) pending appeal. The basis for the requested
stay is that the state court action exempted from the automatic bankruptcy
stay by our Amended Order (#24) “will be extraordinarily expensive, divert
Debtors’ limited time and resources away from rebuilding their businesses
and revenue stream, and substantially undermine reorganization.” (Mot. to
Stay at 11 (#34).) We do not find that the potential harm in this case
rises to the level of irreparable harm ordinarily required for a stay
pending appeal.

Debtor-Appellants may, however, seek a stay of the state court
proceedings through the Ninth Circuit Court of Appeals.

LANCE S. WILSON, CLERK
By

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/s/
Deputy Clerk