UNITED STATES DISTRICT COURT EASTERN DISTRICT OF CALIFORNIA SACRAMENTO DIVISION
August 23, 2012
FIDELITY BROKERAGE SERVICES LLC, A LIMITED LIABILITY COMPANY,
ERIC SAVELL, AN INDIVIDUAL, DEFENDANT.
The opinion of the court was delivered by: Morrison C. England, JR United States District Judge
STIPULATION TO STAY PROCEEDINGS PENDING FINRA 4 ARBITRATION PROCEEDINGS; ORDER
8 IT IS HEREBY STIPULATED, by and between the parties, through their 1 counsel as follows:
2 1. WHEREAS, Plaintiff Fidelity Brokerage Services LLC ("Plaintiff") 3 filed this action on June 14, 2012 against Defendant Eric Savell ("Defendant");
4 2. WHEREAS, Plaintiff initiated arbitration proceedings in FINRA 5 against Defendant on same day which addresses the same subject matter at issue in 6 this action;
7 3. WHEREAS the court ordered the parties to proceed to arbitration on 8 or about June 19, 2012;
9 4. WHEREAS, Plaintiff and Defendant are currently participating in 0 FINRA arbitration proceedings;
1 5. WHEREAS, the parties anticipate that the FINRA arbitration 2 proceedings is likely to resolve most, if not all, of the issues involved in this 3 action;
4 IT IS HEREBY STIPULATED TO AND BETWEEN THE PARTIES AS 5 FOLLOWS:
6 That this action be stayed pending the resolution of the FINRA arbitration 7 proceedings between the parties.
9 IT IS SO STIPULATED
MARKUN ZUSMAN & COMPTON Dated: July 26, 2012 LLP 3 By: EDWARD S. ZUSMAN Attorneys for Defendant ERIC SAVELL LOCKE LORD LLP Dated: August 13, 2012 By: KRISTA J. DUNZWEILER JENNIFER A. KENEDY Attorneys for Plaintiff FIDELITY BROKERAGE SERVICES LLC.
7 IT IS SO ORDERED. The Clerk of the Court is directed to administratively 8 close this Case, and the parties are ordered to file a Joint Status Report not later than 9 ninety (90) days after the date on which this Order is electronically filed.
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