Securities and Exchange Commission v. Loomis et al
Filing
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ORDER signed by District Judge Kimberly J. Mueller on 6/6/2011 ORDERING that the parties shall submit a joint stipulation no later than 6/21/2011, proposing a date for a status conference and clearing the current pre-trial and trial dates. (Zignago, K.)
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IN THE UNITED STATES DISTRICT COURT
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FOR THE EASTERN DISTRICT OF CALIFORNIA
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SECURITIES AND EXCHANGE
COMMISSION,
Plaintiff,
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No. CIV S-2:10-00458-KJM-KJN
vs.
LAWRENCE “LEE” LOOMIS, LOOMIS
WEALTH SOLUTIONS, LLC, JOHN
HAGENER, AND LISMAR FINANCIAL
SERVICES, LLC,
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Defendants.
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ORDER
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This matter comes before the court on defendant John Hagener’s motion to stay
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this civil action pending resolution of the related criminal investigation. ECF 30. The Securities
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and Exchange Commission suggests the court clear the presently scheduled pre-trial and trial
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dates, allow motion practice to proceed and conduct further case management in three months.
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ECF 32. The parties appear to be in general agreement on the need to vacate the court’s current
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pre-trial and trial dates in order to provide time for resolution of the pending criminal
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investigation. ECF 34. Defendant indicates that the parties have considered a stipulation to
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resolve this matter but instead decided to appear to answer any questions of the court. Id. at 3.
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After reviewing the parties’ briefs, the court agrees that a continuance is appropriate.
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Accordingly, the parties shall submit a joint stipulation no later than June 21, 2011, proposing a
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date for a status conference and clearing the current pre-trial and trial dates. If no stipulation is
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submitted, the court will decide the motion to stay based on the submitted papers.
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IT IS SO ORDERED.
DATED: June 6, 2011.
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UNITED STATES DISTRICT JUDGE
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