Order (Chavez v. Apex Clearing Corporation) — In re January 2021 Short Squeeze Trading Litigation (Dkt. 478, S.D. Fla.)

Summary

An Order (Document 478) in In re January 2021 Short Squeeze Trading Litigation, Case 1:21-md-02989-CMA (Case No. 21-2989-MDL-ALTONAGA/Torres), in the U.S. District Court for the Southern District of Florida, relating to the Actions in the Other Broker Tranche, dated June 8, 2022 over the name of Chief United States District Judge Cecilia M. Altonaga and entered on the FLSD docket June 9, 2022. After the Judicial Panel on Multidistrict Litigation's June 2, 2022 Transfer Order [ECF No. 475] transferring Chavez v. Apex Clearing Corporation, No. 1:22-cv-01233, the two-page order, entered sua sponte, directs that the transferred action, No. 1:22-cv-21747, shall again comprise the Other Broker Tranche. Plaintiffs Erik Chavez and Peter Jang are to file their Complaint on the MDL docket by June 10, 2022 and Defendant Apex Clearing Corporation is to respond by June 17, 2022.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Full text

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF FLORIDA

CASE NO.  21-2989-MDL-ALTONAGA/Torres

In re:

JANUARY 2021 SHORT SQUEEZE
TRADING LITIGATION
_________________________________/

This Document Relates to the Actions in the
Other Broker Tranche

ORDER

THIS CAUSE came before the Court sua sponte.  On June 2, 2022, the Judicial Panel on
Multidistrict Litigation (JPML) entered a Transfer Order [ECF No. 475] transferring the action
styled Chavez v. Apex Clearing Corporation, No. 1:22-cv-01233 (S.D.N.Y. 2022), to this Court
for consolidated pretrial proceedings.  (See Transfer Order 3).  As the JPML observed, the Court
previously entered an Order dismissing an action involving the same claims and same parties as
the transferred case.  (See id. 2; Jan. 10, 2022 Order [ECF No. 450]). Collectively, those parties
and claims comprised the “Other Broker Tranche” previously created by the Court to facilitate
pretrial proceedings.  (See May 18, 2021 Order [ECF No. 310] 1–2).

Accordingly, it is ORDERED that the newly transferred action (Chavez v. Apex Clearing
Corporation, No. 1:22-cv-21747 (S.D. Fla. 2022)) shall again comprise the “Other Broker
Tranche,” with the parties and attorneys therein assuming the same positions that they occupied
prior to the January 10, 2022 Order [ECF No. 450] dismissing the case without prejudice. The
parties and attorneys are required to comply with all previously entered Orders on the MDL docket
(Civil Action No. 21-md-02989).  Plaintiffs, Erik Chavez and Peter Jang, shall file their
Case 1:21-md-02989-CMA   Document 478   Entered on FLSD Docket 06/09/2022   Page 1 of 2

CASE NO.  21-2989-MDL-ALTONAGA/Torres

2

Complaint1 on the MDL docket on or before June 10, 2022.  Defendant, Apex Clearing
Corporation shall file its response to the Complaint on or before June 17, 2022.  If Defendant files
a motion to dismiss, the parties shall brief the motion in accordance with the requirements of,
including the time limits set by, the Local Rules.
DONE AND ORDERED in Miami, Florida, this 8th day of June, 2022.

    ________________________________________

    CECILIA M. ALTONAGA

    CHIEF UNITED STATES DISTRICT JUDGE

cc:
counsel of record;
Pro Se Plaintiffs

1 The Complaint is currently on file in the member case.  (See Chavez v. Apex Clearing Corp., No. 1:22-
cv-21747, Compl. [ECF No. 4] filed Feb. 15, 2022 (S.D. Fla. 2022)).
Case 1:21-md-02989-CMA   Document 478   Entered on FLSD Docket 06/09/2022   Page 2 of 2

File and source

File

gov.uscourts.flsd.590042.478.0.pdf

Size

151,610 bytes

SHA-256

f6d4e57adffb142e1a134301bb32c1f1e6b8e846e0c0232552344064820b567e

Our copy

gov.uscourts.flsd.590042.478.0.pdf

Original

archive.org