Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_07-cv-00798/USCOURTS-cand-3_07-cv-00798-4/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:78m(a) Securities Exchange Act

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UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

ROYAL YATES,

Plaintiff(s),

v.

KINAN NIMEH, et al.

Defendant(s).

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No. C07-0798 BZ

ORDER STAYING ACTION

By Order dated May 17, 2007, I scheduled a case

management conference for June 11, 2007 and ordered the 

parties to be prepared to discuss whether this case should be

stayed pending the outcome of appeals in Yates v. GunnAllen

Financial, et al., C05-1510 BZ. Having considered the joint

case management statement filed by plaintiff and defendant

Nimeh and the positions of all three parties as stated at the

case management conference, for the reasons stated at the

conference I find that the interest of judicial economy

strongly favor a stay of the action. See, e.g., Mediterranean

Enterprises, Inc. v. Ssangyong Corp., 708 F.2d 1458, 1465 (9th

Cir. 1983) (noting that “[t]he trial court possesses the

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inherent power to control its own docket and calendar,” and

affirming the court’s decision to stay the case pending

arbitration); see also Sun Pacific Marketing Co-op., Inc. v.

DiMare Fresh, Inc., 2007 WL 1174651 (E.D. Cal.) (citing Leyva

v. Certified Grocers of California, Ltd., 593 F.2d 857, 863-64

(9th Cir. 1979)). 

Pursuant to Rule 16, IT IS ORDERED that this action is

STAYED for all purposes pending the outcome of the aforementioned appeals. Should all three parties stipulate to

attend mediation or a settlement conference, I will consider

lifting the stay for that limited purpose.

Dated: June 12, 2007

 Bernard Zimmerman

United States Magistrate Judge

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