US Commodity Futures Trading Commission v. OTC Investments LLC et al

Filing 43

ORDER granting 42 Motion to Stay and discovery in this matter shall be stayed for an additional period of 90 days from the entry of this Order. The Commission shall be allowed to issue third party subpoenas to financial institutions during this 90-day period. Signed by District Judge Martin Reidinger on 11/02/15. (Pro se litigant served by US Mail. Copy of order mailed to Barry C. Taylor)(emw)

IN THE UNITED STATES DISTRICT COURT
FOR THE WESTERN DISTRICT OF NORTH CAROLINA
ASHEVILLE DIVISION
CIVIL CASE NO. 1:15-cv-00081-MR-DLH

U.S. COMMODITY FUTURES
TRADING COMMISSION,

))
))

Plaintiff,
vs.

ORDER

OTC
INVESTMENTS
LLC,
FOREX
CURRENCY TRADING ADVISORS, LLC,
and BARRY C. TAYLOR,
Defendants.
__________________________________
THIS MATTER is before the Court on the parties’ Joint Motion to Extend
the Current Stay of Discovery for Ninety Days [Doc. 42].
The

Plaintiff

U.S.

Commodity

Futures

Trading

Commission

(“Commission”) and the Defendant Barry C. Taylor, proceeding pro se, jointly
request an extension of the limited stay of discovery proceedings in this case
in light of an ongoing criminal investigation of the Defendant by the Federal
Bureau of Investigation with respect to matters which are the subject of the
present civil enforcement action. [Doc. 42].

For the reasons stated in the parties’ motion, and for cause shown, the
Court will allow an extension of the limited stay of discovery.
IT IS, THEREFORE, ORDERED that the parties’ Joint Motion to
Extend the Current Stay of Discovery for Ninety Days [Doc. 42 is GRANTED,
and discovery in this matter shall be stayed for an additional period of 90
days from the entry of this Order. The Commission shall be allowed to issue
third party subpoenas to financial institutions during this 90-day period.
IT IS FURTHER ORDERED that the Court shall enter a Pretrial Order
and Case Management Plan upon the expiration of the limited stay of
discovery.
IT IS SO ORDERED.
Signed: November 2, 2015

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