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)

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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

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