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

Filing 47

ORDER granting 46 Joint Motion to Stay. Discovery in this matter shall be stayed for an additional period of 90 days from entry of this Order. It is Further Ordered that the Court shall enter a Pretrial Order and Case Management Plan upon expiration of the limited stay of discovery. Signed by District Judge Martin Reidinger on 5/3/2016. (Pro se litigant served by US Mail.)(kby)

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,
ORDER
vs.
OTC
INVESTMENTS
LLC,
FOREX CURRENCY TRADE
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. 46].
The

Plaintiff

U.S.

Commodity

Futures

Trading

Commission

(“Commission”) and Defendant Barry C. Taylor (“Taylor”), proceeding pro se,
jointly request an additional extension of the limited stay of discovery
proceedings in this case, in light of the guilty plea recently entered by
Defendant Taylor in a parallel criminal case now pending before this Court
[Criminal Case No. 1:16-cr-00002-MR-DLH-1]. For the reasons stated in the

parties’ motion, and for good cause shown, the Court will allow an additional
extension of the limited stay of discovery.
IT IS, THEREFORE, ORDERED that the parties’ Joint Motion [Doc.
46] 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.

Signed: May 3, 2016

IT IS SO ORDERED.

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