United States Securities and Exchange Commission v. Stone et al

Filing 276

ORDER GRANTING UNOPPOSED MOTION TO STAY CASE FOR 90 DAYS TO ALLOW THE SEC'S COMMISSIONERS TO CONSIDER A SETTLEMENT OFFER granting 275 Letter Motion to Stay. Plaintiff United States Securities and Exchange Commission ("SEC") has file d an unopposed Motion for the Court to temporarily stay this case for 90 days to allow the SEC's Commissioners to consider certain an offer of settlement from the remaining parties to this case. The Court, having considered the motion and being fully advised of the premises: IT IS HEREBY ORDERED AND ADJUDGED that the Motion is GRANTED. This case is stayed for 90 days from the date of this Order to allow the SEC staff to seek the SEC Commissioners' approval of the proposed settlement of fer. As soon as counsel for the SEC learns of the Commissioners' determination, they shall promptly notify the Court and if appropriate, file the settlement paperwork. If the Commissioners have not decided whether to approve or reject the settle ment by the end of this 90-day period, counsel for the SEC will promptly provide a status report to the Court (and request an extension of the stay, if appropriate) regarding the status of the Commissioners' consideration of the settlement offer. SO ORDERED. (Signed by Judge Victor Marrero on 9/23/2024) (jca)

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
UNITED STATES SECURITIES AND
EXCHANGE COMMISSION,
Plaintiff,
v.

22 Civ. 3553 ( VM )
ORDER GRANTING UNOPPOSED
MOTION TO STAY CASE FOR 90
DAYS TO ALLOW THE SEC’S
COMMISSIONERS TO CONSIDER A
SETTLEMENT OFFER

DAVID LEE STONE and
JOHN D. ROBSON,
Defendants,
and
HAROLD J. STONE,
GWENDOLYN STONE,
JUSTIN BLAKESLEY, and
BRETT R. ADAMS,

9/23/24

Relief Defendants.
Plaintiff United States Securities and Exchange Commission (“SEC”) has filed an
unopposed Motion for the Court to temporarily stay this case for 90 days to allow the SEC’s
Commissioners to consider certain an offer of settlement from the remaining parties to this case.
The Court, having considered the motion and being fully advised of the premises:
IT IS HEREBY ORDERED AND ADJUDGED that the Motion is GRANTED. This
case is stayed for 90 days from the date of this Order to allow the SEC staff to seek the SEC
Commissioners’ approval of the proposed settlement offer. As soon as counsel for the SEC
learns of the Commissioners’ determination, they shall promptly notify the Court and if
appropriate, file the settlement paperwork. If the Commissioners have not decided whether to
approve or reject the settlement by the end of this 90-day period, counsel for the SEC will

promptly provide a status report to the Court (and request an extension of the stay, if appropriate)
regarding the status of the Commissioners’ consideration of the settlement offer.
SO ORDERED.
Dated: September 23, 2024
New York, New York

__________________________
Victor Marrero
U.S.D.J.

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