Rupnow v. E Trade Securities LLC
- Denise Cote
- 1:19-cv-10942
- U.S. District Court · Southern District of New York
- 2
In Rupnow v. E Trade Securities LLC, the parties asked to pause the case after reaching a settlement in principle, but Judge Cote’s ruling is not provided.
The requested stay and schedule change would affect plaintiffs Joshua Rupnow and Peter Szostak, defendant E*TRADE Securities LLC, and the proposed class, but the text does not show that the court granted the request.
What happened
Rupnow v. E Trade Securities LLC is a proposed class action involving plaintiffs Joshua Rupnow and Peter Szostak and defendant E*TRADE Securities LLC. The parties told the court that, after document discovery, mediation, and negotiations, they had reached a settlement in principle and were finalizing a written agreement.
The parties jointly asked to postpone the existing schedule and stay the case until March 31, 2023. They said this would avoid the costs of remaining discovery, including scheduled depositions, and allow plaintiffs to submit a request for preliminary approval of the settlement.
The provided text is a joint letter motion, not a court order, so it does not state whether Judge Cote granted or denied the request.
The detailed version
- Rupnow v. E Trade Securities LLC · No. 1:19-cv-10942
- Denise Cote
- Feb. 13, 2023
Background
The provided document is a joint letter motion submitted on behalf of plaintiffs Joshua Rupnow and Peter Szostak and defendant E*TRADE Securities LLC. The letter concerns a proposed class action. The parties said they had completed substantial document discovery, participated in private mediation with Peter H. Woodin of JAMS on January 13, 2023, and reached a settlement in principle covering the claims, including claims asserted on behalf of the proposed class.
Requested relief
The parties asked the court to adjourn the existing case schedule and stay the action until March 31, 2023. They cited Federal Rule of Civil Procedure 26(c), which allows a court, for good cause, to limit or stay discovery. At the time of the request, fact discovery was scheduled to end on February 24, 2023, and plaintiffs’ deadline to move for class certification was March 10, 2023. The parties said several fact-witness depositions were scheduled and that continuing under the existing deadlines would require additional time and expense while they finalized the settlement.
The parties stated that plaintiffs intended to submit a motion for preliminary approval of the settlement by March 31, 2023.
Disposition
The provided text does not include an order or state whether Judge Denise L. Cote granted, denied, or otherwise resolved the joint letter motion. It therefore shows only the parties’ request, not the court’s disposition.
Read the full 2-page opinion on CourtListener, the free public archive maintained by the Free Law Project.