AimRite Holdings Corp (AIMH)

[loanranger]

Most recent docket entries (highlights added):

01/17/2014 47 Minute Entry for proceedings held before Magistrate Judge Dustin B. Pead: Telephone Conference held on 1/17/2014. Counsel for both parties appear telephonically. Plaintiff informed the Court that it extended a settlement offer to Defendant. Defendant anticipates either accepting or rejecting the offer by January 21, 2014. Defendant's counsel will call Chambers by 4:00 p.m. on January 21, 2014 to confirm whether settlement offer was accepted. If Defendant accepts the settlement offer, Plaintiff's counsel will urgently seek SEC approval for the offer. If Defendant rejects the settlement offer, the Court will schedule another status conference for the week of January 21, 2014 to confirm trial dates. Attorney for Plaintiff: David Reece, Attorney for Defendant: Wallace Boyack. Court Reporter: Electronic.(Time Start: 10:01:10 AM, Time End: 10:11:44 AM, Room 248.) (mas) (Entered: 01/17/2014)

01/23/2014 48 DOCKET TEXT ORDER No attached document. The Court STAYS all remaining deadlines within the scheduling order 44[RECAP] pending the SEC Commissioners' approval of the parties' settlement agreement. Signed by Magistrate Judge Dustin B. Pead on 01/23/2014. (Entered: 01/23/2014)

01/23/2014 49 NOTICE OF HEARING: (Notice generated by Chambers) Telephonic Status Conference regarding status of settlement agreement set for 3/25/2014 01:00 PM in Room 248 before Magistrate Judge Dustin B. Pead. Parties should contact Chambers before the conference if their settlement agreement is approved, and they wish to move for a stipulated dismissal. (sku) (Entered: 01/23/2014)



Apparently the parties have reached a settlement. As is the case with all SEC settlements, it is subject to the approval of the five SEC Commissioners.