Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_16-cv-01386/USCOURTS-cand-3_16-cv-01386-21/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:77 Securities Fraud

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Stip. Briefing & Hearing Schedule Civ. 3:16-cv-01386-EMC

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JINA L. CHOI (N.Y. Bar No. 2699718)

JOHN S. YUN (Cal. Bar No. 112260) yunj@sec.gov

MARC D. KATZ (Cal. Bar No. 189534)

 katzma@sec.gov

JESSICA W. CHAN (Cal. Bar No. 247669)

 chanjes@sec.gov

Attorneys for Plaintiff

SECURITIES AND EXCHANGE COMMISSION

44 Montgomery Street, Suite 2800

San Francisco, CA 94104

Telephone: (415) 705-2500

Facsimile: (415) 705-2501

SECURITIES AND EXCHANGE COMMISSION,

Plaintiff,

v.

JOHN V. BIVONA; SADDLE RIVER 

ADVISORS, LLC; SRA MANAGEMENT 

ASSOCIATES, LLC; FRANK GREGORY 

MAZZOLA,

Defendants, and

SRA I LLC; SRA II LLC; SRA III LLC; 

FELIX INVESTMENTS, LLC; MICHELE 

J. MAZZOLA; ANNE BIVONA; CLEAR 

SAILING GROUP IV LLC; CLEAR 

SAILING GROUP V LLC,

 Relief Defendants.

 

Case No. 3:16-cv-01386-EMC (JCS)

STIPULATION FOR ORDER SETTING 

BRIEFING AND HEARING SCHEDULE 

FOR RECEIVER’S MOTION TO 

APPROVE DISTRIBUTION PLAN

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

SAN FRANCISCO DIVISION

Case 3:16-cv-01386-EMC Document 191 Filed 06/06/17 Page 1 of 4
Stip. Hearing & Briefing Schedule 1 Civ. 3:16-cv-01386-EMC

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STIPULATED SCHEDULE FOR MOTION TO APPROVE DISTRIBUTION PLAN

Counsel for plaintiff Securities and Exchange Commission (“Commission”), for defendants 

John V. Bivona and Saddle River Advisors, LLC (“Saddle River”) and for the Receiver for the 

receivership entities defendant SRA Management, LLC and relief defendants SRA I LLC, SRA II 

LLC, SRA III LLC, Clear Sailing Group IV LLC and Clear Sailing Group V LLC, as well as third 

party affiliated entities Felix Multi-Opportunity Fund I LLC, Felix Multi-Opportunity Fund II LLC, 

Felix Management Associates LLC, NYPA Fund I LLC, NYPA Fund II LLC and NYPA 

Management Associates LLC, along with in pro per defendant Frank Gregory Mazzola and in pro per 

relief defendant Michele J. Mazzola hereby submit this Stipulation for the briefing and hearing

schedule on the Receiver’s anticipated Motion for Approval of a Distribution Plan:

The Receiver’s Motion for Approval of a Distribution Plan shall be filed and served by 

Thursday, June 29, 2017. A copy of the Receiver’s Distribution Plan and motion papers, along with a 

copy of this Stipulation and Order, shall be promptly posted on the Receiver’s website for this case. 

The Commission’s joinder papers, if any, for the Receiver’s Motion shall also be filed and served by 

June 29, 2017 and then promptly posted on the Receiver’s website.

All opposition papers, objections and proposed amendments to the Receiver’s Motion shall be 

filed and served by Thursday, July 27, 2017. Such opposition papers, objections and proposed 

amendments may be filed by any party to this case, as well as by investors or creditors who believe

that they will be affected by the Distribution Plan. Investors and creditors may also file statements in 

support of the Distribution Plan by July 27, 2017. All opposition papers, objections, proposed 

amendments and statements in support shall be served upon the Commission and the Receiver’s 

counsel through email on July 27, 2017 or through hard copy delivery on July 28, 2017.

All reply papers and all proposed amendments by the Receiver or the Commission shall be 

filed and served by Thursday, August 17, 2017. The Receiver and the Commission shall serve copies 

of their papers upon all investors or creditors who submitted an opposition, objection or proposed 

amendment. Email service is authorized if the investor or creditor provided an email address.

Case 3:16-cv-01386-EMC Document 191 Filed 06/06/17 Page 2 of 4
Stip. Hearing & Briefing Schedule 2 Civ. 3:16-cv-01386-EMC

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The hearing on the Receiver’s Motion for Approval of a Distribution Plan shall be heard by 

this Court on Thursday, August 31, 2017.

Dated: May 31, 2017

John S. Yun 

John S. Yun

Attorneys for Plaintiff

SECURITIES AND EXCHANGE COMMISSION

Jahan P. Raissi (by email authorization)

Jahan P. Raissi

SHARTSIS FRIESE LLP

Attorneys for Defendants JOHN V. BIVONA and SADDLE 

RIVER ADVISORS, LLC and Relief Defendant ANNE 

BIVONA

John W. Cotton (by email authorization)

John W. Cotton

GARTENBERG, GELFAND & HAYTON LLP

Attorney for the Receiver

SHERWOOD PARTNERS, INC. for Receivership Entities

SRA MANAGEMENT, LLC, SRA I LLC, 

SRA II LLC, SRA III LLC, CLEAR SAILING GROUP IV 

LLC, CLEAR SAILING GROUP V LLC, FELIX 

MANAGEMENT ASSOCIATES LLC, FELIX MULTIOPPORTUNITY FUND I LLC, FELIX MULTIOPPORTUNITY FUND II LLC, NYPA MANAGEMENT 

ASSOCIATES LLC, NYPA FUND I LLC, and NYPA FUND 

II LLC

Frank G. Mazzola (by email authorization) 

Defendants FRANK G. MAZZOLA, in pro per

Michele J. Mazzola (by email authorization) 

Relief Defendant MICHELE J. MAZZOLA, in pro per

ORDER SETTING SCHEDULE ON MOTION FOR DISTRIBUTION ORDER

The Court hereby accepts the proposed briefing and hearing schedule for the Receiver’s 

Motion for Approval of Distribution Plan. The hearing shall be at _____m., on Thursday, August 31, 

1:30p

Case 3:16-cv-01386-EMC Document 191 Filed 06/06/17 Page 3 of 4
Stip. Hearing & Briefing Schedule 3 Civ. 3:16-cv-01386-EMC

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2017. Any party desiring to appear by telephone shall make a written request to the Court by August 

28, 2017.

SO ORDERED.

Dated: ________________, 2017

______________________________

JUDGE EDWARD M. CHEN

United States District Court

June 6 

U

NITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

IT IS SO ORDERED

AS MODIFIED

Judge Edward M. Chen

Case 3:16-cv-01386-EMC Document 191 Filed 06/06/17 Page 4 of 4