Wells Fargo Securities, LLC v. LJM Investment Fund, L.P. et al

Filing 113

ORDER: Pursuant to the status conference held today, June 17, 2021, the Court orders as follows: 1. With respect to LJM's Request No. 18, Wells Fargo shall promptly ascertain whether it issued any termination notices on February 5, 2018 o r February 6, 2018 with respect to the VIX event to any clients other than LJM. Wells Fargo shall advise LJM of the answer to that question, and, if any such termination notices exist, the parties shall meet and confer regarding the scope of any further, limited discovery that may be necessary; and 2. By July 1, 2021, LJM shall file a consent-motion for leave to amend their First Amended Answer and Counterclaims in order to withdraw their request for punitive damages. The Court will hold a status conference on Thursday, September 9, 2021 at 10:00 am on the Court's conference line. The Parties are directed to call: 866-390-1828; access code: 380- 9799, at the scheduled time. SO ORDERED. ( Motions due by 7/1/2021., Status Conference by telephone set for 9/9/2021 at 10:00 AM before Magistrate Judge Sarah L Cave.) (Signed by Magistrate Judge Sarah L Cave on 6/17/2021) (vfr)

Case 1:18-cv-02020-LTS-SLC Document 113 Filed 06/17/21 Page 1 of 2

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
WELLS FARGO SECURITIES, LLC,
Plaintiff,
-v-

CIVIL ACTION NO.: 18 Civ. 2020 (LTS) (SLC)

LJM INVESTMENT FUND, L.P. and LJM PARTNERS,
LTD,

ORDER

Defendants.
LJM INVESTMENT FUND, L.P., LJM MASTER
TRADING FUND, L.P., LJM OFFSHORE FUND, LTD.,
and PFC-LJM PRESERVATIONS AND GROWTH
FUND, L.P.,
Counterclaimants,
-v-

WELLS FARGO SECURITIES, LLC,
Counter-Defendant
SARAH L. CAVE, United States Magistrate Judge:
Pursuant to the status conference held today, June 17, 2021, the Court orders as follows:
1. With respect to LJM’s Request No. 18, Wells Fargo shall promptly ascertain whether
it issued any termination notices on February 5, 2018 or February 6, 2018 with respect
to the VIX event to any clients other than LJM. Wells Fargo shall advise LJM of the
answer to that question, and, if any such termination notices exist, the parties shall
meet and confer regarding the scope of any further, limited discovery that may be
necessary; and

Case 1:18-cv-02020-LTS-SLC Document 113 Filed 06/17/21 Page 2 of 2

2. By July 1, 2021, LJM shall file a consent-motion for leave to amend their First
Amended Answer and Counterclaims in order to withdraw their request for punitive
damages.
The Court will hold a status conference on Thursday, September 9, 2021 at 10:00 am on
the Court’s conference line. The Parties are directed to call: 866-390-1828; access code: 3809799, at the scheduled time.
Dated:

New York, New York
June 17, 2021
SO ORDERED.

_________________________
SARAH L. CAVE
United States Magistrate Judge

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