Document ID: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_09-cv-02554/USCOURTS-cand-3_09-cv-02554-12/pdf.json

Parties Involved:
Jin K. Chung
Defendant
SNC Asset Management, Inc
Defendant
SNC Investments, Inc
Defendant
Securities And Exchange Commission
Plaintiff
Peter C. Son
Defendant

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ROBERT TASHJIAN (Cal. Bar No. 191007) 

 tashjianr@sec.gov 

THOMAS J. EME (Illinois Bar. No. 6224870) 

 emet@sec.gov 

Attorneys for Plaintiff 

SECURITIES AND EXCHANGE COMMISSION 

44 Montgomery Street, 26th Floor 

San Francisco, California 94104 

Telephone: (415) 705-2500 

Facsimile: (415) 705-2501 

GRETCHEN L. LOWE (D.C. Bar No. 421995) 

 glowe@cftc.gov 

TOYE OLARINDE (Virginia Bar No. 43075) 

 aolarinde@cftc.gov 

Attorneys for Plaintiff 

COMMODITY FUTURES TRADING COMMISSION 

1155 – 21st Street, N.W. 

Washington, D.C. 20581 

Telephone: (202) 418-5322 

Facsimile: (202) 418-5531 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SAN FRANCISCO DIVISION 

SECURITIES AND EXCHANGE COMMISSION, 

 Plaintiff, 

 v. 

PETER C. SON, JIN K. CHUNG, 

SNC ASSET MANAGEMENT, INC., and 

SNC INVESTMENTS, INC., 

 Defendants. 

 Case No. CV-09-2554 MMC 

Case No. CV-09-2555 MMC 

[PROPOSED] ORDER 

VACATING SETTLEMENT 

CONFERENCE 

Case 3:09-cv-02554-MMC Document 58 Filed 07/12/10 Page 1 of 4
 

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UNITED STATES COMMODITY FUTURES 

TRADING COMMISSION, 

 Plaintiff, 

 v. 

SNC ASSET MANAGEMENT, INC., 

Formerly Son and Company, Inc., 

SNC INVESTMENTS, INC., PETER SON, and 

JIN K. CHUNG, 

 Defendants, 

and 

ANN LEE, 

 Relief Defendant. 

Case 3:09-cv-02554-MMC Document 58 Filed 07/12/10 Page 2 of 4
ORDER VACATING SETTLEMENT CONF. 1 CASE NOS. CV-09-2554/2555 MMC

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The parties filed an Interim Status Report on June 24, 2010, to inform the Court that 

defendant Peter C. Son recently pleaded guilty in a related criminal action. Son is currently 

scheduled to be sentenced on July 30, 2010. The parties are in negotiations to resolve the 

pending claims against Son and the two entity defendants, SNC Asset Management, Inc. 

(“SNCA”) and SNC Investments, Inc. (“SNCI”). 

This matter is currently set for a Settlement Conference with Magistrate Judge 

Elizabeth D. Laporte on July 29, 2010. See Notice of Settlement Conference and Settlement 

Conference Order, dated Jan. 29, 2010. In light of the guilty plea, the upcoming sentencing 

hearing, and the anticipated resolution of the civil claims, the parties believe that they will be 

able to resolve this action without the assistance of the Court and recommend that the 

Settlement Conference be taken off calendar. 

* * * 

[PROPOSED] ORDER 

The Court has considered the materials and papers submitted by counsel in this matter, 

including the Interim Status Report. For good cause shown and PURSUANT TO 

STIPULATION, IT IS HEREBY ORDERED as follows: 

The Settlement Conference, currently scheduled for July 29, 2010, is vacated and 

taken off calendar. The parties are relieved of their obligation to file a Confidential 

Settlement Conference Statement on or before July 19, 2010. The parties shall inform the 

Court no later than August 6, 2010, about the status of the criminal sentencing and whether 

they believe that a Settlement Conference will be required to resolve the civil claims. 

IT IS SO ORDERED. 

Dated: ______________, 2010 

 _______________________________ 

 ELIZABETH D. LAPORTE 

 United Stated Magistrate Judge 

 

July 12

U

NITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

IT IS SO ORDERED

Judge Elizabeth D. Laporte

Case 3:09-cv-02554-MMC Document 58 Filed 07/12/10 Page 3 of 4
ORDER VACATING SETTLEMENT CONF. 2 CASE NOS. CV-09-2554/2555 MMC

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Filed with the consent of the undersigned counsel: 

/s/ Robert L. Tashjian 

ROBERT L. TASHJIAN 

Attorney for Plaintiff

SECURITIES AND EXCHANGE COMMISSION 

/s/ Toye A. Olarinde___ _____

TOYE A. OLARINDE 

Attorney for Plaintiff 

COMMODITY FUTURES TRADING COMMISSION 

/s/ John H. Feiner 

JOHN H. FEINER 

Attorney for Defendants 

PETER C. SON, 

SNC ASSET MANAGEMENT, INC., and 

SNC INVESTMENTS, INC., 

and Relief Defendant 

ANN LEE 

Case 3:09-cv-02554-MMC Document 58 Filed 07/12/10 Page 4 of 4