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)

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
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11/18/21

SECURITIES AND EXCHANGE COMMISSION,
Plaintiff,
ECF Case
- against ROBERT BERNARDI, NIHAT CARDAK, and
SUNIL CHANDRA,

No. 21 Civ. 8598 (VM)

Defendants.
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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