McGirr et al v. Rehme et al

Filing 196

ORDER STAYING case pending Settlement Negotiation and setting Telephone Status Conference for 8/29/2018 03:30 PM before Judge Robert H. Cleland. (THE COURT WILL INITIATE THE CALL). Signed by Judge Robert H. Cleland on 8/13/2018. (lgw)

UNITED STATES DISTRICT COURT
FOR THE SOUTHERN DISTRICT OF OHIO
WESTERN DIVISION

CONNIE MCGIRR, et al.,
Plaintiffs,
v.
Case No. 16-464
THOMAS F. REHME, et al.,
Defendants.
_____________________________________/
ORDER STAYING CASE PENDING SETTLEMENT NEGOTIATIONS
Plaintiffs and former Assignee Eric W. Goering filed motions requesting the
appointment of a receiver to manage Defendant Waite, Schneider, Bayless & Chesley
Co (“WSBC”)’s assets in light of this court’s injunctive order prohibiting any action
related to any asset of WSBC beyond basic office expenses. (Dkt # 75, Pg. ID 1842.)
The court found “ample evidence of fraudulent conduct to support an order of
receivership” (Dkt. # 192), granted Plaintiff’s motion, appointed John Pidcock as
Receiver over WSBC, and set scheduling deadlines to facilitate the progress of this
case. (Dkt. # 193.)
Subsequently, the parties notified the court that they have reached a settlement
and have embodied it in a Term Sheet. Currently, Plaintiffs are reviewing the Term
Sheet; Plaintiffs’ Counsel is awaiting approval of the Term Sheet and the settlement by
the necessary 80% of the class Plaintiffs. In light of these developments the parties ask
the court to stay its order appointing receiver (Dkt. # 193) for 30 days and to temporarily
suspend the scheduling order deadlines. (Dkt. # 192.) The court concludes that the
parties’ requests are reasonable and will facilitate the efficient resolution of this case.

Accordingly,
IT IS ORDERED that the court’s Opinion and Order Appointing Receiver (Dkt. #
193) is STAYED until further order of the court.
IT IS FURTHER ORDERED that the Rule 26(f) report deadline contained in the
court’s August 3, 2018 order (Dkt. # 192) is SUSPENDED until further order of the
court.
IT IS FURTHER ORDERED that the parties are DIRECTED to appear for a
telephonic status conference on August 29, 2018 at 3:30 pm to report on their
progress toward reaching a final settlement.

s/Robert H. Cleland
ROBERT H. CLELAND
UNITED STATES DISTRICT JUDGE
Dated:

August 13, 2018

I hereby certify that a copy of the foregoing document was mailed to counsel of record
on this date, August 13, 2018, by electronic and/or ordinary mail.
s/Lisa Wagner
Case Manager and Deputy Clerk
[phone]

s/Cleland/judgesdesk/C2Orders/16-464.MCGIRR.Stay.aju

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