Order Administratively Closing Case — In re January 2021 Short Squeeze Trading Litigation (Document 680)
Summary
An Order Administratively Closing Case in In re: January 2021 Short Squeeze Trading Litigation, Case 1:21-md-02989-CMA (Case No. 21-02989-MDL-ALTONAGA/Reid, Document 680, 2 pages), in the Southern District of Florida, done and ordered in Miami, Florida on May 29, 2024 under the name of Chief U.S. District Judge Cecilia M. Altonaga and entered that day. The order recounts that the actions were centralized on April 1, 2021, divided into four tranches on May 18, 2021, and dismissed in three of the tranches, and that on May 28, 2024 the parties in the Federal Securities Tranche gave notice of a settlement they expect to finalize within 14 days. The action is administratively CLOSED without prejudice to a stipulation for dismissal within thirty (30) days, either party may request reopening if the settlement fails, and any pending motions are DENIED AS MOOT.
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- Date
- 2024-05-28
Cite this document
“Order Administratively Closing Case — In re January 2021 Short Squeeze Trading Litigation (Document 680).”
Original at archive.org, dated 2024-05-28. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2024-05-28-covid-era-misc-02ff372c-1/
, SHA-256 02ff372c5e7ff9457f655838e0f4f655eef82014c8a1b9d5c5313417606eef43.Full text
Case 1:21-md-02989-CMA Document 680 Entered on FLSD Docket 05/29/2024 Page 1 of 2
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF FLORIDA
CASE NO. 21-02989-MDL-ALTONAGA/Reid
In re:
JANUARY 2021 SHORT SQUEEZE
TRADING LITIGATION
_________________________________/
This Document Relates to All Actions
ORDER ADMINISTRATIVELY CLOSING CASE
THIS CAUSE is before the Court on the Federal Securities Tranche’s Joint Notice of
Settlement [ECF No. 678], filed on May 28, 2024. On April 1, 2021, a series of related federal
actions were centralized into this multi-district litigation. (See Transfer Order [ECF No. 1] 1–5).
Subsequently, on May 18, 2021, the Court divided the actions into four tranches, or groups of
claims. (See May 18, 2021 Order [ECF No. 310] 1–2). In the intervening years, the actions in
three of the tranches have been dismissed. (See generally Jan. 10, 2022 Order [ECF No. 450];
Jan. 26, 2022 Order [ECF No. 453]; May 12, 2022 Order [ECF No. 470]).
On May 28, 2024, the parties in the final remaining tranche — known as the Federal
Securities Tranche — indicated they have reached a settlement and “are in the process of
finalizing the settlement, after which the Parties will stipulate to dismissal with prejudice.”
(Notice 1). They expect to finalize settlement and dismissal within 14 days and “respectfully
request the Court to stay all proceedings in the Federal Securities Tranche.” (Id.). The Court
having carefully reviewed the file, and being otherwise fully advised, it is
ORDERED as follows:
1. The above-styled action is administratively CLOSED without prejudice to the parties
to file a stipulation for dismissal within thirty (30) days of the date of this Order.
2. If the parties fail to complete the expected settlement, either party may request the
Case 1:21-md-02989-CMA Document 680 Entered on FLSD Docket 05/29/2024 Page 2 of 2
CASE NO. 21-02989-MDL-ALTONAGA/Reid
Court to reopen the case.
3. The Clerk shall CLOSE this case for administrative purposes only. Any pending
motions are DENIED AS MOOT.
DONE AND ORDERED in Miami, Florida, this 29th day of May, 2024.
_______________________________________
CECILIA M. ALTONAGA
CHIEF UNITED STATES DISTRICT JUDGE
cc: counsel of record
2
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