Wilson v. Beard et al
Filing
36
ORDER: NOW, THEREFORE, pursuant to the Order of United States Magistrate Judge Gary Stein entered on January 7, 2025 (Dkt. 124), Plaintiffs and Defendants respectfully submit this Proposed Scheduling Order: 1. Counsel for the Plaintiffs and counsel for the Stronghold Defendants met and conferred via telephone conference on January 17, 2025. 2. The Consolidated Action shall be stayed until the earlier of the following two dates: April 30, 2025, or the date if and upon which the Merger is cancelled. SO ORDERED. (Signed by Magistrate Judge Gary Stein on 1/27/2025) Filed In Associated Cases: 1:23-cv-07840-RA-GS, 1:23-cv-08174-RA, 1:23-cv-10028-RA-GS, 1:24-cv-00798-RA-GS (tg)
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
------------------------------------------------------------X
IN RE STRONGHOLD DIGITAL MINING, INC.
STOCKHOLDER DERIVATIVE LITIGATION
------------------------------------------------------------X
GLENN BRUNO, derivatively on behalf of
STRONGHOLD DIGITAL MINING, INC.,
23 Civ. 7840 (RA) (GS) (Lead
Case); 23 Civ. 8174 (RA)
(Member Case)
ORDER
Plaintiffs,
-against-
24 Civ. No. 798 (RA) (GS)
GREGORY A. BEARD, WILLIAM B. SPENCE,
RICARDO R.A. LARROUDE, SARAH P. JAMES,
THOMAS J. PACCHIA, MATTHEW J. SMITH, AND
THOMAS R. TROWBRIDGE, IV.,
ORDER
Defendants,
-andSTRONGHOLD DIGITAL MINING, INC.,
Nominal Defendant.
----------------------------------------------------------------X
JEFF PARKER AND TIAN YANG, derivatively
on behalf of STRONGHOLD DIGITAL MINING, INC.,
23 Civ. No. 10028 (RA) (GS)
ORDER
Plaintiff,
-againstGREGORY A. BEARD, WILLIAM B. SPENCE,
RICARDO R.A. LARROUDE, SARAH P. JAMES,
THOMAS J. PACCHIA, MATTHEW J. SMITH, AND
THOMAS R. TROWBRIDGE, IV.,
Defendants,
-andSTRONGHOLD DIGITAL MINING, INC.,
Nominal Defendant.
-----------------------------------------------------------------X
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WHEREAS, defendants Gregory A. Beard, William B. Spence, Sarah P. James, Thomas
J. Pacchia, Matthew J. Smith, Thomas R. Trowbridge, IV (the “Stronghold Defendants”), Ricardo
R.A. Larroude, and nominal defendant Stronghold Digital Mining, Inc. (collectively, the
“Defendants”) assert that plaintiffs Glenn Bruno, derivatively on behalf of Stronghold Digital
Mining, Inc., and Jeff Parker and Tian Yang, derivatively on behalf of Stronghold Digital Mining,
Inc. (the “Plaintiffs”) will no longer possess standing to pursue the claims they asserted against
Defendants in the above-referenced action (the “Consolidated Action”) upon the closing of the
merger between Stronghold Digital Mining, Inc. and Bitfarms Ltd. (the “Merger”), which
Stronghold Defendants anticipate will close during the first quarter of 2025;
WHEREAS, the Plaintiffs assert that they will possess standing to pursue double
derivative claims that they currently assert derivatively in the Consolidated Action upon the closing
of the Merger in the event that the Merger closes;
NOW, THEREFORE, pursuant to the Order of United States Magistrate Judge Gary Stein
entered on January 7, 2025 (Dkt. 124), Plaintiffs and Defendants respectfully submit this Proposed
Scheduling Order:
1.
Counsel for the Plaintiffs and counsel for the Stronghold Defendants met and
conferred via telephone conference on January 17, 2025.
2.
The Consolidated Action shall be stayed until the earlier of the following two dates:
April 30, 2025, or the date if and upon which the Merger is cancelled.
(Signatures on Following Page)
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Dated: January 24, 2025
New York, New York
/s/ Timothy W. Brown___
Timothy W. Brown
The Brown Law Firm, P.C.
767 Third Avenue
Suite 2501
New York, NY 10017
Tel: 516-922-5427
Email: tbrown@thebrownlawfirm.net
/s/ Joshua M. Lifshitz___
Joshua M. Lifshitz
Lifshitz Law PLLC
1190 Broadway
Hewlett, NY 11557
Tel: 516-493-9780
Email: jlifshitz@lifshitzlaw.com
Co-Lead Counsel for Plaintiffs in
the Consolidated Action
Co-Lead Counsel for Plaintiffs in the
Consolidated Action
/s/ Sandra Dawn Grannum
Sandra Dawn Grannum
Christian J. Clark
Faegre Drinker Biddle & Reath LLP
1177 Avenue of the Americas, 41st Fl.
New York, New York, 10036
Email: sandra.grannum@faegredrinker.com
Email: christian.clark@faegredrinker.com
_/s/ Clifford Thau________
Clifford Thau
Amanda Grannis
Tannenbaum Helpern Syracuse
& Hirschtritt LLP
900 Third Avenue
New York, New York 10022
Tel: 212-508-6700
Email: cthau@thsh.com
Counsel for Defendant
Ricardo R. A. Larroude
Counsel for Stronghold Digital Mining,
Inc., Gregory A. Beard, William B. Spence,
Sarah P. James, Thomas J. Pacchia,
Matthew J. Smith, and Thomas R.
Trowbridge, IV
Dated: January ___,
27 2025
New York, New York
SO ORDERED.
________________________________
GARY STEIN
United States Magistrate Judge
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