Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_05-cv-02142/USCOURTS-cand-4_05-cv-02142-8/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 - 1 

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Allison Lurton, VA Bar No. 39029 

Gretchen Lowe, DC Bar No. 421995 

Commodity Futures Trading Commission 

1155 21st St., NW 

Washington, DC 20581 

202-418-5349 (Lurton) 

202-418-5370 (Lowe) 

202-418-5538 (fax) 

alurton@cftc.gov 

United States District Court 

Northern District of California 

San Francisco Division 

Commodity Futures Trading Commission, 

 Plaintiff, 

 vs. 

Robert Joseph Beasley, Longboat Global 

Funds Management, LLC, 

 Defendant 

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Case No.: No. 05-2142 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 plaintiff, Commodity Futures Trading 

Commission, and defendants, Robert Joseph Beasley and Longboat Global Funds Management, 

LLC, 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, plaintiff’s 

counsel, Allison Lurton, 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 December 15, 2005, to February 15, 2006. 

Case 4:05-cv-02142-PJH Document 43 Filed 11/07/05 Page 1 of 5
Stipulated Request to Extend Mediation Deadline - 2 

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Dated this 2nd day of November, 2005 

 /s/ Allison P. Lurton 

Allison P. Lurton 

Attorney for Plaintiff, 

Commodity Futures Trading 

Commission 

 /s/ David W. Porteous 

David W. Porteous 

Attorney for Defendants 

Robert Joseph Beasley 

Longboat Global Funds 

Management, LLC 

PURSUANT TO STIPULATION, IT IS SO ORDERED, 

 _________ / / 

Hon. Phyllis J. Hamilton 

11/7/05

Case 4:05-cv-02142-PJH Document 43 Filed 11/07/05 Page 2 of 5
Stipulated Request to Extend Mediation Deadline - 3 

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Allison Lurton, VA Bar No. 39029 

Gretchen Lowe, DC Bar No. 421995 

Commodity Futures Trading Commission 

1155 21st St., NW 

Washington, DC 20581 

202-418-5349 (Lurton) 

202-418-5370 (Lowe) 

202-418-5538 (fax) 

alurton@cftc.gov 

United States District Court 

Northern District of California 

San Francisco Division 

Commodity Futures Trading Commission, 

 Plaintiff, 

 vs. 

Robert Joseph Beasley, Longboat Global 

Funds Management, LLC, 

 Defendant 

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Case No.: No. 05-2142 PJH 

Declaration in Support of 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, Allison Lurton, Counsel for Plaintiff, Commodity Futures 

Trading Commission, 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 as temporary receiver for defendant, Longboat Global 

Case 4:05-cv-02142-PJH Document 43 Filed 11/07/05 Page 3 of 5
Stipulated Request to Extend Mediation Deadline - 4 

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Funds Management, LLC (“Longboat”), solely with respect to manners 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 current deadline by which the parties must complete mediation is 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 this request with the Court seeking an 

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

 5. REA is working to identify the nature, location and value of the assets of Piranha. 

Counsel for the Commission spoke with Mr. Brick Kane and Mr. Kent Johnson of REA, who 

indicated that they continue to work to identify assets. Messrs. Kane and Johnson are unable, at 

this time, to provide a date by which they will have located and valued the assets of Piranha, but 

hope to have more information in the next 60 days. 

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

are ordered to complete mediation be extended from December 21, 2005 to February 15, 2006. 

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

currently scheduled for December 15, 2005, as to REA’s progress in locating and valuing the 

assets of Piranha. 

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 7. Previous time modifications in this case include the re-scheduling of the case 

management conference from September 22, 2005, to December 15, 2005. 

 8. At this time, the request for an extension of time by which the parties must 

complete mediation is not expected to impact the schedule of the case. The parties propose that 

they update the Court about REA’s progress and the schedule of the case at the Case 

Management Conference scheduled for December 15, 2005. 

Dated this 2nd day of November, 2005 

 /s/ Allison P. Lurton 

Allison P. Lurton 

Counsel for Commodity 

Futures Trading Commission

Case 4:05-cv-02142-PJH Document 43 Filed 11/07/05 Page 5 of 5