Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_05-cv-02142/USCOURTS-cand-4_05-cv-02142-11/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 Reschedule Case Management Conference and Hearing on Petition for Instructions and 

Report of Assets of Receivership 

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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 Reschedule 

the Case Management Conference and 

Hearing on Petition for Instructions and 

Report of Assets of Receivership to March 

1, 2006 

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

Longboat Global Funds Management, LLC, plaintiff, Commodity Futures Trading Commission, 

and the Temporary Receiver, Robb Evans & Associates, submit this stipulated request for an 

order to reschedule the Case Management Conference and the hearing on the Petition for 

Instructions and Report of Assets of the Receivership for March 1, 2006. Pursuant to L.R. 6-

2(a), and in support of this stipulated request, defendants’ counsel, David W. Porteous, submits 

the attached declaration. 

Case 4:05-cv-02142-PJH Document 60 Filed 01/19/06 Page 1 of 6
 

Stipulated Request to Reschedule Case Management Conference and Hearing on Petition for Instructions and 

Report of Assets of Receivership 

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GARDNER CARTON & 

DOUGLAS LLP

191 N. WACKER – STE. 2900 

CHICAGO, IL 60606 

(312) 569-1000 

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

the Court enter an order rescheduling the Case Management Conference and hearing on the 

Petition for Instructions and Report of Assets of the Receivership, presently scheduled for 

January 25, 2006, to March 1, 2006. Further thereto, the parties request that the Court order that 

any objections to the Petition for Hearing be filed on or before January 27, 2006 and that the 

Receiver’s Reply in Support of its Petition shall be due on or before February 3, 2006. 

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 

/s/ Linda Candler 

 Attorney for 

 The Temporary Receiver 

Robb Evans & Associates 

PURSUANT TO STIPULATION, IT IS SO ORDERED, 

__________ / / 

 ____________________________ 

 Hon. Phyllis J. Hamilton 

1/19/06

Case 4:05-cv-02142-PJH Document 60 Filed 01/19/06 Page 2 of 6
 

Stipulated Request to Reschedule Case Management Conference and Hearing on Petition for Instructions and 

Report of Assets of Receivership 

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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 

Declaration in Support of Stipulated 

Request for Order to Reschedule The Case 

Management Conference and Hearing on 

Petition for Instructions and Report of 

Assets of Receivership to March 1, 2006 

In support of the parties’ Stipulated Request for Order to Reschedule the Case 

Management Conference and Hearing on Petition for Instructions and Report of Assets of 

Receivership to March 1, 2006, David W. Porteous, Counsel for Defendants, Robert Joseph 

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

1. On June 1, 2005 the Court set an initial case management conference in this case 

for September 22, 2005. 

2. On September 9, 2005, the parties filed a stipulated request for the Court to order 

the rescheduling of the Case Management Conference to December 15, 2005. The parties’ 

request was based upon the fact that the amended complaint was not due to the Court until after 

Case 4:05-cv-02142-PJH Document 60 Filed 01/19/06 Page 3 of 6
 

Stipulated Request to Reschedule Case Management Conference and Hearing on Petition for Instructions and 

Report of Assets of Receivership 

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GARDNER CARTON & 

DOUGLAS LLP

191 N. WACKER – STE. 2900 

CHICAGO, IL 60606 

(312) 569-1000 

the Case Management Conference and, therefore, the parties believed that the conference would 

be premature. 

3. On September 6, 2005, the Court entered an order granting Defendants’ Motion to 

Dismiss the initial Complaint and directing Plaintiff to file an amended complaint. 

4. On September 12, 2005, the Court entered an order rescheduling the Case 

Management Conference for December 15, 2005. 

5. On October 3, 2005, Plaintiff filed its Amended Complaint. 

6. On November 8, 2005, Defendants filed their motion to dismiss the Amended 

Complaint. The hearing on that Motion is presently scheduled for January 25, 2006. 

7. On November 29, 2005, the parties filed a stipulated request for the Court to order 

the rescheduling of the case management conference to January 25, 2006. The parties request 

was based upon the parties’ belief that postponing the conference would allow the Temporary 

Receiver (“Receiver”) additional time in which to gather information and potentially allow the 

parties to better inform the Court as to an appropriate litigation schedule. 

8. On December 1, 2005, the Court entered an order rescheduling the Case 

Management Conference for January 25, 2006. 

9. On December 14, 2005, the Temporary Receiver (“Receiver”) filed its Petition for 

Instructions and Report of Assets of Receivership (“Petition”), in which it sought an order 

authorizing it to file a petition in the United States District Court for the Northern District of 

Illinois seeking the transfer of the account of Piranha Capital L.P. held with Pershing LLC that is 

currently subject of an Attachment Order in that district, and to hold all funds transferred as a 

result of such petition in a trust pending further orders of this court. The hearing on the Petition 

is presently scheduled for January 25, 2006. 

10. Sometime after filing the Petition, the Receiver sent notice of the Petition to each 

individual investor in the Piranha Capital, LP Fund (the “Fund”) to enable them to file objection 

to the Petition as required pursuant to local rule. 

Case 4:05-cv-02142-PJH Document 60 Filed 01/19/06 Page 4 of 6
 

Stipulated Request to Reschedule Case Management Conference and Hearing on Petition for Instructions and 

Report of Assets of Receivership 

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GARDNER CARTON & 

DOUGLAS LLP

191 N. WACKER – STE. 2900 

CHICAGO, IL 60606 

(312) 569-1000 

11. On January 11, 2006, defendants’ counsel was contacted by counsel for certain 

investors in the Fund (the “Objecting Investors”), who advised that they intended to file an 

objection to the Petition, but sought additional time in which to do so. 

12. Due to a recent, and unavoidable, scheduling conflict that renders Defendants’ 

lead trial counsel unable to attend the Case Management Conference scheduled for January 25, 

2006, Defendants requested, and Plaintiff agreed, to extend the scheduled date for the Case 

Management Conference. In this connection, the parties further agreed that in light of the 

pending motion to dismiss the Amended Complaint, a Case Management Conference would still 

be premature in this case if held in January. Also, the Receiver has indicated that it would 

benefit from additional time to develop issues presented by and to be addressed at the Case 

Management Conference. 

13. Additionally, the Receiver has indicated that it is willing to extend the time in 

which the Objecting Investors should have in which to file their objection to the Petition, even 

though this necessitates moving the hearing on the Petition. Both Defendants and the Plaintiff 

have no objection to the extension the Receiver has proposed with respect to the Petition hearing 

and briefing related thereto, especially as Defendants and Plaintiff have filed statements of NonObjection to the Petition. 

14. Finally, the parties believe that the most efficient way of proceeding in this case 

would be to conduct the hearing on the Petition on the same day as the Case Management 

Conference. 

15. Accordingly, the parties respectfully request the following: 

i. That the Case Management Conference and the Petition be rescheduled 

from January 25, 2006 to March 1, 2006; and 

ii. That the Objecting Investors file any objection to the Petition with the 

Court on or before January 27, 2006, and that the Receiver’s Reply in 

Support of its Petition shall be due on or before February 3, 2006. 

Case 4:05-cv-02142-PJH Document 60 Filed 01/19/06 Page 5 of 6
 

Stipulated Request to Reschedule Case Management Conference and Hearing on Petition for Instructions and 

Report of Assets of Receivership 

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GARDNER CARTON & 

DOUGLAS LLP

191 N. WACKER – STE. 2900 

CHICAGO, IL 60606 

(312) 569-1000 

16. This request to reschedule the Case Management Conference and Petition is 

expected to aid the parties overall determination of the appropriate schedule for this case. For 

this reason, the requested rescheduling is not expected to negatively impact in a significant way 

the schedule of this case. 

Dated: January 13, 2006 

 /s/ David W. Porteous 

 Timothy J. Carey 

 David W. Porteous 

 Attorney for Defendant 

Robert Joseph Beasley 

CH01/ 12458752.1 

Case 4:05-cv-02142-PJH Document 60 Filed 01/19/06 Page 6 of 6