Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_07-cv-06423/USCOURTS-cand-3_07-cv-06423-12/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

For the Northern District of California

IN THE UNITED STATES DISTRICT COURT

FOR THE NORTHERN DISTRICT OF CALIFORNIA

SECURITIES AND EXCHANGE

COMMISSION,

Plaintiff,

 v.

ROBERT OLINS, et al.,

Defendants. /

No. C-07-6423 MMC

ORDER DEFERRING RULING ON

PLAINTIFF’S MOTION FOR DEFAULT

JUDGMENT; AFFORDING PLAINTIFF

OPPORTUNITY TO FILE

SUPPLEMENTAL MEMORANDUM;

CONTINUING HEARING

Before the Court is plaintiff Securities and Exchange Commission’s (“SEC”) “Motion

for Entry of Final Default Judgment against Defendant SpatiaLight, Inc.,” filed December

12, 2008. No opposition has been filed.

In its motion, the SEC asserts that in its complaint, it sought “a civil monetary penalty

against SpatiaLight” but that “[i]n light of the Company’s bankruptcy filing . . . the [SEC] will

forego seeking this monetary remedy.” (See Mot. at 8 n.1.) Ordinarily, a bankruptcy

petition “operates as a stay, applicable to all entities, of [ ] the commencement or

continuation . . . of a judicial, administrative, or other action or proceeding against the

debtor.” See 11 U.S.C. § 362(a)(1). Here, the SEC has failed to show that the stay

provided by § 362(a)(1) either is not in effect or does not prevent the Court from entering

judgment against defendant SpatiaLight, Inc. in the instant action. The Court, however, will

afford the SEC an opportunity to supplement its showing on this issue.

Case 3:07-cv-06423-MMC Document 54 Filed 01/16/09 Page 1 of 2
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On January 16, 2009, the SEC filed a motion for leave to appear by telephone at

the hearing on the motion for default judgment. The Court will defer ruling on such motion

for leave until after the Court has had an opportunity to review the SEC’s supplemental

memorandum, if any.

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Accordingly, for the reasons stated above,

1. Ruling on the SEC’s motion for default judgment is hereby DEFERRED. The

SEC may file, no later than January 30, 2009, a supplemental memorandum in support of

its motion, which memorandum shall not exceed five pages in length, independent of any

declarations and/or exhibits.

2. The hearing on the SEC’s motion for default judgment is hereby CONTINUED to

February 20, 2009 at 9:00 a.m.1

IT IS SO ORDERED.

Dated: January 16, 2009 

MAXINE M. CHESNEY

United States District Judge

Case 3:07-cv-06423-MMC Document 54 Filed 01/16/09 Page 2 of 2