Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-2_10-cv-00458/USCOURTS-caed-2_10-cv-00458-4/pdf.json

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

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IN THE UNITED STATES DISTRICT COURT

FOR THE EASTERN DISTRICT OF CALIFORNIA

SECURITIES AND EXCHANGE

COMMISSION,

Plaintiff, No. CIV S-2:10-00458-KJM-KJN 

vs.

LAWRENCE “LEE” LOOMIS, LOOMIS

WEALTH SOLUTIONS, LLC, JOHN

HAGENER, AND LISMAR FINANCIAL 

SERVICES, LLC,

Defendants. ORDER

 /

This matter comes before the court on defendant John Hagener’s motion to stay

this civil action pending resolution of the related criminal investigation. ECF 30. The Securities

and Exchange Commission suggests the court clear the presently scheduled pre-trial and trial

dates, allow motion practice to proceed and conduct further case management in three months. 

ECF 32. The parties appear to be in general agreement on the need to vacate the court’s current

pre-trial and trial dates in order to provide time for resolution of the pending criminal

investigation. ECF 34. Defendant indicates that the parties have considered a stipulation to

resolve this matter but instead decided to appear to answer any questions of the court. Id. at 3. 

After reviewing the parties’ briefs, the court agrees that a continuance is appropriate. 

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Accordingly, the parties shall submit a joint stipulation no later than June 21, 2011, proposing a

date for a status conference and clearing the current pre-trial and trial dates. If no stipulation is

submitted, the court will decide the motion to stay based on the submitted papers. 

IT IS SO ORDERED.

DATED: June 6, 2011. 

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