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)

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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 1 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) 2 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 3

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