IMO, it appears to me that the judge asked both sides to provide more information - in letter form, due in 1 week. Plaintiff attorneys need to supply additional information to clarify jurisdictional issues (i.e. where events occurred). Defendants (LG) need to supply information on all members of the LLC
For 10 years, this judge handle criminal matters for the DOJ in NY.
Interest in excess of allowed statutory rates are both a civil and a criminal matter in NY
IMO, it looks like the judge simply wants to dot all of the I's and make sure everything is being heard in the proper courtroom and find out exactly who are all of the players on the Defendant side. I think he knows how serious this could become for the Defendants (LG) and that a lot of eyes are watching
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.