Securities and Exchange Commission v. Bronson et al

Filing 589

ORDER granting 588 Letter Motion for Discovery. Granted. So Ordered. (Signed by Judge Kenneth M. Karas on 5/8/2024) (mml)

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Case 7:12-cv-06421-KMK Document 588 Filed 05/08/24 Page 1 of 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION 100 PEARL STREET, SU ITE 20-100 NEW YORK , NY I 0004-2616 DIVJSION Of' ENP"OJtCCME:NT May 8, 2024 ByECF Hon. Kenneth M. Karas United States District Court United States Courthouse 300 Quarropas Street, Chambers 533 White Plains, New York 10601-4150 Re: US. Securities and Exchange Cornmission v. Bronson et al. , 12-CV-6421 (KMK) Dear Judge Karas: The Securities and Exchange Commission ("SEC") writes to provide an update on its efforts to collect disgorgement Defendant Edward Bronson (Bronson") owes the SEC. On February 23, 2024, the SEC apprised the Court that while Bronson continues to make payments, the SEC continues to have concerns about the source and amount of Bronson's income and therefore plans to conduct additional post-judgment discovery. DE 583. The SEC sought until May 10 to provide a further update to the Court and advised that it expected to be in a position to seek any measured relief warranted. Id. The SEC's continued post-judgment discovery has not allayed its concerns. Thus, Bronson has agreed to be deposed. The SEC expects to conduct additional third-party depositions as well. Thus, if the Court agrees, the SEC will provide a detailed update to the Court by or before June 30, 2024. Respectfully submitted, s/ Maureen Peyton King Granted. So Ordered. 5/8/24 ~

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