Anatomy of the FLD

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11/14/2013 60 Joint STATUS REPORT and REQUEST FOR CONTINUANCE by Securities & Exchange Commission. (Harper, Richard) (Entered: 11/14/2013)

Doc 60 PDF file
http://www.scribd.com/doc/184249922/SEC-v-Williams-Et-Al-Doc-60-Filed-14-Nov-13

JOINT STATUS REPORT AND REQUEST FOR CONTINUANCE

In accordance with the Court’s scheduling order, the parties submit the following joint statement regarding the status of the case. The parties have reached an agreement in principle to settle this matter. Consistent with this tentative agreement, Defendant Williams has submitted a written offer of settlement to the Division of Enforcement, which, if accepted and approved, would resolve this proceeding. Under Commission practice, Commission counsel is not authorized to present a proposed consent judgment to the Court until the Commissioners formally approve the settlement. Given the high volume of Commission business at this time, the approval process within the Commission may take up to six weeks. The parties therefore respectfully request that all deadlines and hearings be continued for six weeks so that the Commission may consider whether to accept Williams’ settlement offer.

Respectfully submitted,

Plaintiff:
/s/R.M. Harper II
Richard M. Harper II (PHV #05528)

Senior Trial Counsel

Case 3:12-cv-01068-RNC Document 60 Filed 11/14/13 Page 1 of 3