Securities and Exchange Commission v. Sung Kook Hwang
- James Oetken
- 1:22-cv-03402
- U.S. District Court · Southern District of New York
- 2
Securities and Exchange Commission v. Hwang: Judge Furman confirmed reassignment, kept the case stayed, and required a status letter after federal appropriations are restored.
The Securities and Exchange Commission, Sung Kook (Bill) Hwang, the other defendants, and their counsel are affected by the reassignment, continued stay, status-letter requirement, and filing instructions.
What happened
In Securities and Exchange Commission v. Sung Kook (Bill) Hwang, et al., the case was reassigned to Jesse M. Furman, and the court stated that existing dates and deadlines generally remain in effect.
The court kept the case stayed under an October 29, 2025 order. Within 60 days after federal appropriations are restored, the parties must file a joint letter updating the court on the case, unless the case has been settled or otherwise terminated and proof has been filed.
Judge Furman also required the letter to address counsel, the case and defenses, jurisdiction and venue, deadlines, conferences, motions, appeals, discovery, settlement discussions, alternative dispute resolution, trial length, and other information that could help move the case toward settlement or trial.
The detailed version
- Securities and Exchange Commission v. Sung Kook Hwang · No. 1:22-cv-03402
- James Oetken
- Nov. 7, 2025
What the order did
The court stated that the case had been reassigned to Judge Jesse M. Furman. Unless the court orders otherwise, all dates and deadlines remain in effect despite the reassignment. Any currently scheduled conference or oral argument with the court is adjourned pending further order.
The court also confirmed that its October 29, 2025 order remains in effect and that the case remains stayed. A stay pauses further proceedings.
Required status letter
No later than 60 days after federal appropriations are restored, the parties must file a joint letter on the court's electronic filing system. The letter may not exceed five pages and must separately address:
- Counsel's names and current contact information;
- The nature of the case and the principal defenses;
- Why federal jurisdiction and venue are proper, including specified citizenship information when jurisdiction is based on diversity of citizenship;
- Existing deadlines, due dates, and cutoff dates;
- Previously scheduled court conferences that have not occurred and the subjects to be discussed;
- Outstanding motions, including their dates and requested relief;
- Pending appeals;
- Discovery completed so far, including the number of depositions taken by each party and any discovery essential to meaningful settlement negotiations;
- Prior settlement discussions;
- Discussions about alternative dispute resolution, including a settlement conference, the district's mediation program, or a private mediator;
- The estimated trial length; and
- Other information that could assist the court in moving the case toward settlement or trial, including dispositive or novel issues.
Other filing instructions and disposition
If the case has been settled or otherwise terminated, the parties do not need to file the joint letter if they file a stipulation of discontinuance, voluntary dismissal, or other proof of termination on the docket before the deadline. Requests for extensions or adjournments must be made by a letter-motion filed electronically at least 48 hours before the relevant deadline or conference and must provide the information listed in the order. The order did not decide the underlying claims or defenses. Judge Furman ordered these case-management requirements and stated that the case remains stayed.
Read the full 2-page opinion on CourtListener, the free public archive maintained by the Free Law Project.