Yalcin Ayasli v. Sezgin Baran Korkmaz

I. INTRODUCTION AND BACKGROUND

Presently before the Court is the motion of defendants Sezgin Baran Korkmaz (“Korkmaz’”), SBK Holdings Anonim Sirketi (“SBK Turkey”), and Bugaraj Elektronik Ticaret ve Bilistm Hizmetler1 Anonim Sirketi (“Bugaray’’) (collectively, the “Korkmaz defendants’) to stay this action pending ongoing federal criminal proceedings against defendants Korkmaz, Jacob Kingston, Isaiah Kinston, and Lev Dermen. The Court finds that defendants’ motion is appropriate for decision without oral argument. See Fed. R. Civ. P. 78: C.D. Cal. L-.R. 7-15. Accordingly, the matter is hereby taken under submission. A. Litigation History The procedural history of the lawsuit is long and well-known to the parties, so the Court sets forth only the facts relevant to the instant motion. On February 18, 2019, plaintiff initially filed suit in the District of New Hampshire against seven defendants, who are American- and Turkish-based individuals and their affiliated companies. Dkt. 1. The suit alleges racketeering and fraud claims in connection with the 2016 sale by plaintiff of his airline, BoraJet, to the Korkmaz defendants. Plaintiff brought the following claims for…