Securities and Exchange Commission v. Bernardi et al

Filing 20

ORDER: granting 18 Motion to Intervene; granting 18 Letter Motion to Stay re: 18 MOTION to Intervene. MOTION to Stay. ORDERED that the Government's motion to intervene is GRANTED. It is further ORDERED that this action is stayed in its entirety until the completion of the Criminal Action. SO ORDERED. (Signed by Judge Victor Marrero on 11/18/2021) (ama)

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Case 1:21-cv-08598-VM Document 20 Filed 11/18/21 Page 1 of 2 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -x 11/18/21 SECURITIES AND EXCHANGE COMMISSION, Plaintiff, ECF Case - against ROBERT BERNARDI, NIHAT CARDAK, and SUNIL CHANDRA, No. 21 Civ. 8598 (VM) Defendants. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -x WHEREAS, on November 16, 2021, the Government submitted a motion seeking to intervene in this action and seeking a complete stay of further proceedings, in light of the pendency of the parallel criminal action United States v. Robert Bernardi et al., 21 Cr. 616 (PGG) (the “Criminal Action”), in which an indictment has been returned; and WHEREAS, defendants Robert Bernardi, Nihat Cardak, and Sunil Chandra consent to the complete stay sought by the Government; WHEREAS, the Securities and Exchange Commission (the “SEC”) takes no position on the request for a complete stay; and WHEREAS, the Court finds that a complete stay in this action is in furtherance of the interests of justice and will not prejudice any party; it is hereby ORDERED that the Government’s motion to intervene is GRANTED. It is further Case 1:21-cv-08598-VM Document 20 Filed 11/18/21 Page 2 of 2 ORDERED that this action is stayed in its entirety until the completion of the Criminal Action. SO ORDERED. November 18, 2021 HONORABL VICTOR ARRERO HONORABLE VICTOR MARRERO HONORABLE VICTOR MARRERO TE TE DISTRICT UD STRI UDGE UNITED STATES DISTRICT JUDG STATES DISTRICT JUDGE DATE 2

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