SECURITIES AND EXCHANGE COMMISSION, Plaintiff,
Stephenson Equity Company, Plaintiff-Intervenor,
v.
CREDIT BANCORP, LTD., Credit Bancorp, Inc., Richard Jonathan Blech, Thomas Michael Rittweger and Douglas C. Brandon, Defendants.
Carl H. Loewenson, Jr., Esq., as Receiver for Credit Bancorp, Ltd., Credit Bancorp, N.V., and their subsidiaries and affiliated entities, Third-Party Plaintiff,
v.
Certain Underwriters At Lloyds, London, London Market Companies, Gulf Insurance Company, and Federal Insurance Company, Third-Party Defendants.
United States District Court, S.D. New York.https://leagle.com/images/logo.png
January 19, 2001.
January 19, 2001.
Attorney(s) appearing for the Case
Securities and Exchange Commission, Salt Lake City, UT, Thomas M. Melton, of counsel, for Plaintiff.
Securities and Exchange Commission, New York, NY, Robert Blackburn, of counsel, for Local Counsel.
Hall, Estill, Hardwick, Gable, Golden & Nelson, Tulsa, OK, Donald L. Kahl, T. Lane Wilson, for Customer-Intervenor SECO, of counsel.
Davis Polk & Wardwell, New York, NY, James H.R. Windels, Gary G. Lynch, Jonathan New, for Intervenors Deutsche Bank Securities, Inc. and DB Alex. Brown LLC, of counsel.
Sheldon A. Weiss, Mountainside, NJ, for Customer-Intervenors Stappas et al.
Hogan & Hartson, Washington, DC, E. Bartlett Prettyman, Jr., for Customer-Intervenor Ray Trust, of counsel.
Rosenman & Colin, New York, NY, Joel W. Sternman, for Customer-Intervenor Robert Praegitzer, of counsel.
Barger & Wolen, New York, NY, R. Steven Anderson, for Customer-Intervenor Centigram, of counsel.
Sutherland Asbill & Brennan, Atlanta, GA, Peter J. Anderson, for Customer-Intervenor Centigram, of counsel.
Makoff Kinnear Counsel, San Francisco, CA, Nancy Appel, for Customer-Intervenor John Dillon, of counsel.
Lambos & Junge, New York, NY, Armand P. Mele, for Customer-Intervenor S. Cole-Hatchard, et al, of counsel.
Kirkpatrick & Lockhart, Washington, DC, Richard J. Morvillo, for Intervenor Ameritrade, of counsel.
Morrison & Foerster, New York, NY, Carl H. Loewenson, Receiver and Fiscal Agent, for Receiver.
Dickstein Shapiro Morin & Oshinsky, New York, NY, Randy Paar, for Receiver, of counsel.
United States District Court, S.D. New York.
OPINION
SWEET, District Judge.
By letter of January 9, 2001, counsel for Carl H. Loewenson, Jr. (the "Receiver") in the above-entitled third-party action (the "Coverage Action") requested that the temporary stay of the depositions of Thomas Rittweger ("Rittweger") and Douglas Brandon ("Brandon"), imposed pursuant to an order of November 21, 2000, be lifted.1 Rittweger and Brandon opposed the request.
The November...
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