United States Securities and Exchange Commission v. Tesla, Inc.

Filing 21

MEMO ENDORSEMENT on re: (57) Status Report filed by United States Securities and Exchange Commission in case 1:18-cv-08865-AJN. ENDORSEMENT: SO ORDERED. (Signed by Judge Alison J. Nathan on 1/10/2022) (vfr)

Case 1:18-cv-08865-AJN Document 57 Filed 01/05/22 Page 1 of 1
1:18-cv-08947-AJN
21
01/10/22

January 5, 2022

1/10/22

Honorable Alison J. Nathan
United States District Judge
United States District Court
Southern District of New York
Re:

United States Securities and Exchange Commission v. Elon Musk
No. 18-cv-8865 (AJN)
United States Securities and Exchange Commission v. Tesla, Inc.
No. 18-cv-8947 (AJN)

Dear Judge Nathan:
In accordance with the Court’s Order of December 21, 2021, Rust Consulting, Inc. (“Rust
Consulting”) respectfully submits this status report.
On May 12, 2021, Rust Consulting was appointed to serve as Distribution Agent for the
Fair Fund to assist in overseeing the administration and distribution of the Fair Fund in
coordination with the Commission staff.
On December 29, 2021, Rust Consulting was provided with the latest draft of the Plan of
Distribution (the “Plan”) from the Commission. Rust Consulting was asked by the Commission
to review the updated draft within two (2) weeks and provide them with any feedback.
Within forty-five (45) days of the Court’s approval of the Plan, Rust Consulting will
provide a status report, and thereafter, provide additional reports within thirty (30) days after the
end of every quarter. Once the Fair Fund has been transferred to an escrow account opened by
Rust Consulting, an accounting report shall be included.

SO ORDERED.

Respectfully submitted,

Jason Rabe
Program Manager
Rust Consulting, Inc.
1/10/22