Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_05-cv-02142/USCOURTS-cand-4_05-cv-02142-12/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 7:6(b) Federal Commodity Exchange Regulation

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Stipulated Request to Extend Mediation Deadline 

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GARDNER CARTON & 

DOUGLAS LLP

191 N. WACKER – STE. 2900 

CHICAGO, IL 60606 

(312) 569-1000 

ROBERT S. LAWRENCE (State Bar No. 207099) 

COLLETTE ERICKSON FARMER & O’NEILL LLP 

235 Pine Street, Suite 1300 

San Francisco, California 94104 

Telephone: (415) 788-4646 

Fax No.: (415) 788-6929 

TIMOTHY J. CAREY 

DAVID W. PORTEOUS 

GARDNER CARTON & DOUGLAS LLP 

191 N. Wacker Drive – Suite 2900 

Chicago, IL 60606 

Telephone: (312) 569-1000 

Fax No.: (312) 569-1415 

(Pro Hac Vice) 

Attorneys for Defendant 

ROBERT JOSEPH BEASLEY 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

COMMODITY FUTURES TRADING 

COMMISSION, 

 Plaintiff, 

v. 

ROBERT JOSEPH BEASLEY AND 

LONGBOAT GLOBAL FUNDS 

MANAGEMENT, LLC; 

 Defendants. 

Case No. C 05-02142 PJH 

Stipulated Request for Order to Extend the 

Deadline By Which the Parties Must 

Complete Mediation 

Pursuant to L.R. 6-1(b) and L.R. 6-2, the defendants, Robert Joseph Beasley and 

Longboat Global Funds Management, LLC, and the plaintiff, Commodity Futures Trading 

Commission, submit this stipulated request for an order to change the deadline by which the 

parties must complete mediation. Pursuant to L.R. 6-2(a), and in support of this stipulated 

request, defendants’ counsel, David W. Porteous, submits the attached declaration. 

For the reasons set forth in the attached declaration, the parties respectfully request an 

order extending the deadline by which the parties must complete mediation, presently scheduled 

for February 15, 2006 to March 15, 2006. 

Case 4:05-cv-02142-PJH Document 61 Filed 01/19/06 Page 1 of 5
 

Stipulated Request to Extend Mediation Deadline 

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GARDNER CARTON & 

DOUGLAS LLP

191 N. WACKER – STE. 2900 

CHICAGO, IL 60606 

(312) 569-1000 

Dated: January 13, 2006 

 /s/ David W. Porteous 

 Timothy J. Carey 

 David W. Porteous 

 Attorney for Defendant 

Robert Joseph Beasley 

/s/ Allison P. Lurton 

Attorney for Plaintiff 

Commodity Futures Trading 

Commission 

PURSUANT TO STIPULATION, IT IS SO ORDERED, 

__________ / / 

 ____________________________ 

 Hon. Phyllis J. Hamilton 

1/19/06

Case 4:05-cv-02142-PJH Document 61 Filed 01/19/06 Page 2 of 5
 

Stipulated Request to Extend Mediation Deadline 

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GARDNER CARTON & 

DOUGLAS LLP

191 N. WACKER – STE. 2900 

CHICAGO, IL 60606 

(312) 569-1000 

ROBERT S. LAWRENCE (State Bar No. 207099) 

COLLETTE ERICKSON FARMER & O’NEILL LLP 

235 Pine Street, Suite 1300 

San Francisco, California 94104 

Telephone: (415) 788-4646 

Fax No.: (415) 788-6929 

TIMOTHY J. CAREY 

DAVID W. PORTEOUS 

GARDNER CARTON & DOUGLAS LLP 

191 N. Wacker Drive – Suite 2900 

Chicago, IL 60606 

Telephone: (312) 569-1000 

Fax No.: (312) 569-1415 

(Pro Hac Vice) 

Attorneys for Defendant 

ROBERT JOSEPH BEASLEY 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

COMMODITY FUTURES TRADING 

COMMISSION, 

 Plaintiff, 

v. 

ROBERT JOSEPH BEASLEY AND 

LONGBOAT GLOBAL FUNDS 

MANAGEMENT, LLC; 

 Defendants. 

Case No. C 05-02142 PJH 

Stipulated Request for Order to Extend the 

Deadline By Which the Parties Must 

Complete Mediation 

In support of the parties’ Stipulated Request for Order to Extend the Deadline by Which 

the Parties Must Complete Mediation, David W. Porteous, Counsel for Defendants, Robert 

Joseph Beasley and Longboat Global Funds Management, LLC, declares as follows: 

1. On May 25, 2005, the plaintiff, Commodity Futures Trading Commission (the 

“Commission”) filed this action seeking injunctive and other relief. 

2. On August 19, 2005, the Court entered the parties’ stipulated Consent Order of 

Preliminary Injunction and Other Equitable Relief. Pursuant to the Court’s order, Robb Evans & 

Associates, LLC (“REA”) was appointed temporary receiver for defendant, Longboat Global 

Case 4:05-cv-02142-PJH Document 61 Filed 01/19/06 Page 3 of 5
 

Stipulated Request to Extend Mediation Deadline 

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GARDNER CARTON & 

DOUGLAS LLP

191 N. WACKER – STE. 2900 

CHICAGO, IL 60606 

(312) 569-1000 

Funds Management, LLC (“Longboat”), solely with respect to matters involving Piranha Capital, 

LP (“Piranha”). 

3. In response to the Court’s order concerning ADR, the parties selected mediation 

and proposed to complete the mediation within 90 days of the order, dated September 21, 2005. 

The deadline by which the parties were to complete mediation was December 21, 2005. 

4. On October 20, 2005, the parties conducted a preliminary telephone conference 

with the Court appointed mediator, Debra Melinkoff. During the preliminary telephone 

conference the parties discussed with the mediator the difficulty in participating in meaningful 

settlement discussions until REA has completed preliminary work to identify the nature, location 

and value of the assets of Piranha. Specifically, the Plaintiff is unable to determine an 

appropriate settlement position until the assets of Piranha are definitively located and their value 

determined. The parties informed Ms. Melinkoff that, due to the difficulty in determining a 

settlement position at this stage, they would be filing a request with the Court seeking an 

extension of the deadline by which the parties are to complete mediation. 

5. On November 2, 2005, the parties filed a stipulated request for an order to extend 

the deadline by which the parties must complete mediation from December 21, 2005 to February 

15, 2006. On November 7, the Court entered an order extending the deadline by which the 

parties must complete mediation to February 15, 2006. 

6. REA is still working to identify the nature, location and value of the assets of 

Piranha. Further, REA has advised that it would benefit from additional time to enable it to 

better identify assets so as to render the February 15, 2006 mediation deadline pre-mature. 

7. Accordingly, the parties respectfully request that the deadline by which the parties 

are ordered to complete mediation be extended from February 15, 2006 to March 15, 2006. 

Furthermore, the parties propose to update the Court at the Case Management Conference as to 

REA’s progress in locating and valuing the assets of Piranha. 

8. As indicated in paragraph 5 above, previous time modifications in this case 

include the extension of the deadline by which the parties are to complete mediation from 

December 21, 2005 to February 15, 2006. Also, the Court previously rescheduled the case 

Case 4:05-cv-02142-PJH Document 61 Filed 01/19/06 Page 4 of 5
 

Stipulated Request to Extend Mediation Deadline 

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GARDNER CARTON & 

DOUGLAS LLP

191 N. WACKER – STE. 2900 

CHICAGO, IL 60606 

(312) 569-1000 

management conference form September 22, 2005, to December 15, 2005, and from December 

15, 2005, to January 25, 2006. 

Dated: January 13, 2006 

 /s/ David W. Porteous 

 Timothy J. Carey 

 David W. Porteous 

 Attorney for Defendant 

Robert Joseph Beasley 

CH01/ 12458754.1 

Case 4:05-cv-02142-PJH Document 61 Filed 01/19/06 Page 5 of 5