Securities & Exchange Commission v. Glassner
- Denise Cote
- 1:22-cv-04254
- U.S. District Court · Southern District of New York
- 2
In Securities & Exchange Commission v. Glassner, Judge Cote received a request to delay a conference while the parties addressed unresolved monetary relief.
The Securities and Exchange Commission and Frank B. Glassner; the requested postponement concerned the scheduling of their case and the unresolved monetary-relief issue.
What happened
In Securities & Exchange Commission v. Glassner, the Securities and Exchange Commission asked the court to postpone an initial conference because the parties had partly resolved the case. Frank B. Glassner agreed to the request.
The court had already entered a judgment against Glassner on August 26, 2022, granting court-ordered relief and resolving the Commission’s non-monetary claims. The amount of any monetary relief remained for the court to decide, and the parties expected Glassner’s upcoming sentencing in a related criminal case could affect that amount.
The letter proposed postponing the conference and allowing the parties to file a status report by December 16, 2022. The text provided does not show that Judge Denise L. Cote granted or denied the request.
The detailed version
- Securities & Exchange Commission v. Glassner · No. 1:22-cv-04254
- Denise Cote
- Nov. 1, 2022
Background
On October 31, 2022, the Securities and Exchange Commission sent Judge Denise L. Cote a letter requesting an adjournment, or postponement, of the initial pretrial conference scheduled for November 3, 2022. Frank B. Glassner consented to the request.
The Commission stated that the case had been partially resolved. On August 26, 2022, the court entered a judgment as to Glassner that granted injunctive relief and resolved the Commission’s non-monetary claims on consent. The issue of monetary relief remained for the court to resolve after a motion by the Commission.
Requested action
The Commission said the parties anticipated trying to settle the monetary-relief issue after Glassner’s sentencing in a related criminal proceeding, which was scheduled for December 6, 2022. According to the letter, the sentence could affect the monetary relief sought in this case. The Commission cited a prior decision concerning the relationship between criminal-case restitution and civil-case disgorgement.
The Commission proposed postponing the initial pretrial conference and allowing the parties to submit a status report by December 16, 2022, addressing the status of the criminal proceeding and settlement negotiations.
Disposition
The provided text is a party letter requesting relief, not an order ruling on that request. It does not state whether Judge Denise L. Cote granted or denied the proposed adjournment or entered any other disposition.
Read the full 2-page opinion on CourtListener, the free public archive maintained by the Free Law Project.