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Re: scion post# 323974

Monday, 06/28/2010 3:36:54 PM

Monday, June 28, 2010 3:36:54 PM

Post# of 346918
"06/25/2010 55 Letter Request to Expedite Consideration of and Briefing Schedule for Motion to Appoint Receiver"

Per the link previously provided, the SEC had asked that the defendants be required to respond to the motion by 7/2 to which the SEC would reply by 7/9. The current schedule calls for the defendants response by 7/9 and the SEC reply by 7/23.
In a letter filed today, defendants confirmed that their current law firm would be withdrawing based on a conflict of interest and stated that, while they hoped to have a replacement firm in place by 7/9, to shorten the original schedule would present a problem and asked the court to maintain it. Defendants attorney also offered that:
"This schedule is already on an expedited basis and the SEC can, if it so chooses, file its reply sooner than July 23 thus further expediting the process."

I'm sure someone with the requisite proficiency will post the original document shortly.

Not at the table, Carlos.

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