Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_16-cv-01386/USCOURTS-cand-3_16-cv-01386-22/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. and Order Continuing Discovery and Mot. 

Deadlines

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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 AND [PROPOSED] 

ORDER CONTINUING DISCOVERY AND 

MOTION DEADLINES IN ORDER TO 

FINALIZE SETTLEMENT AGREEMENTS 

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

SAN FRANCISCO DIVISION

Case 3:16-cv-01386-EMC Document 194 Filed 06/27/17 Page 1 of 4
Stip. and Order Continuing Discovery and 

Mot. Deadlines

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STIPULATION TO CONTINUE DISCOVERY AND MOTION DEADLINES IN ORDER TO 

FINALIZE SETTLEMENTS

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 continuing the current 

discovery and motion deadlines in order to finalize settlement agreements.

The Commission has now reached tentative agreements with all active defendants and relief 

defendants. The undersigned are in the process of finalizing the necessary settlement documents. 

Thereafter, the proposed resolutions will be submitted to the Securities and Exchange Commission 

for review and approval, and then the settlement papers will be presented to this Court. In order to 

facilitate this settlement process without incurring unnecessary expense, the parties stipulate to the 

following continuations of discovery and motion deadlines:

• The July 20, 2017 deadline for completing fact discovery and submitting expert 

reports would be extended to September 20, 2017; 

• The deadline for completing expert discovery would be extended to October 20, 2017; 

and

• The final day for hearing dispositive motions would be extended to December 14, 

2017.

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Dated: June 20, 2017

Marc Katz 

Marc D. Katz

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

Case 3:16-cv-01386-EMC Document 194 Filed 06/27/17 Page 3 of 4
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ORDER CONTINUING DISCOVERY AND MOTION DEADLINES

Based on the stipulation of the parties and their representation that tentative settlement 

agreements have been reached with all active defendants and relief defendants, the Court hereby 

amends the prior scheduling order and continues the discovery and motion deadlines as follows:

• The July 20, 2017 deadline for completing fact discovery and submitting expert 

reports is extended to September 20, 2017; 

• The deadline for completing expert discovery is extended to October 20, 2017; and

• The final day for hearing dispositive motions is extended to December 14, 2017.

SO ORDERED.

Dated: ________________, 2017

______________________________

JUDGE EDWARD M. CHEN

United States District Court

6/27

U

NITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

IT IS SO ORDERED

Judge Edward M. Chen

Case 3:16-cv-01386-EMC Document 194 Filed 06/27/17 Page 4 of 4