Minuskin
Securities and Exchange Commission v. Thomas F. Casey and Golden Genesis, Inc.
Opinion
Trial Court Opinion
I. BACKGROUND
23 The Court, in its order granting post-trial remedies to the SEC, summarized the 24 procedural history as it pertains to Mr. Casey and Golden Genesis. ECF No. 161. Final 25 judgment was entered against Mr. Casey on September 10, 2025 in the amount of 26 $2,616,451, and the following day against Golden Genesis in the amount of $3,562,251. 27 28 ECF Nos. 162, 164. Golden Genesis has been in default since February 19, 2025. ECF No. 97. Mr. Casey and Golden Genesis, through counsel, filed a notice of appeal on November 7, 2025. ECF No. 171. The same day, they filed the present motion. ECF No. 170. The motion is fully briefed. ECF Nos. 176, 177. II. LEGAL STANDARD Federal Rule of Civil Procedure 62(b) provides that “[a]t any time after judgment is entered, a party may obtain a stay [of a monetary judgment] by providing a bond or other security.” “The posting of a bond protects the prevailing plaintiff from the risk of a later uncollectible judgment and compensates him for delay of the entry of the final judgment.” NLRB v. Westphal, 859 F.2d 818, 819 (9th Cir. 1988). Because of this…