AirBit Membership civil proceedings initiated by the SEC have been stayed, pending final result of the DOJ’s legal case.
The keep order was issued on October fifth, following a letter movement filed by defendants Cecila Millan and Margarita Cabrera.
Of their movement, Millan and Cabrera argued a keep was justified as a result of ‘each this matter and the Legal Matter handle the identical actions’.
The duo additionally identified they’d since ceased selling AirBit Membership.
Neither Ms. Millan nor Ms. Cabrera continues to be soliciting and elevating funds from AirBit buyers. Ms. Millan ceased such actions on roughly August 18, 2020, after her arrest in reference to the Legal Matter.
Ms. Cabrera ceased such actions on roughly August 18, 2020, when federal brokers executed a Search and Seizure Warrant at her major residence.
Cabrera isn’t a legal defendant. Millan argued that ought to the SEC’s case proceed, she’d be put ‘ready to probably self-incriminate.’
The courtroom agreed and granted the requested keep on October fifth.
Aside from two sealed doc filings on September twenty ninth and October 2nd, there haven’t been any important developments within the DOJ’s legal case.
Replace twenty sixth June 2021 – Attributable to anticipation ‘that, within the close to future, the federal government will produce voluminous discovery’, the AirBit Membership defendants requested postponement of the beforehand scheduled June third Standing Convention.
On June 1st the request was granted. The standing convention has been rescheduled to October thirteenth.
I’ve scheduled our subsequent case calendar docket test for October 14th.