Securities And Exchange Commission v. SiliconSage Builders, LLC

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 SECURITIES AND EXCHANGE Case No. 20-cv-09247-SI

COMMISSION,

8 Plaintiff, ORDER DENYING MOTION BY MARWAN AND RANA NABOULSI v. FOR LIMITED STAY OF JULY 7, 2022 ORDER SILICONSAGE BUILDERS, LLC, et al., Re: Dkt. No. 442 Defendants. 12 Marwan and Rana Naboulsi seek a stay of the Court’s July 7, 2022 order granting the Receiver’s motion to reject certain purchase and sale agreements. The motion is scheduled for a hearing on December 9, 2022. Pursuant to Civil Local Rule 7-1(b), the Court determines that the matter is appropriate for resolution without oral argument and VACATES the hearing. For the reasons set forth below, the motion is DENIED. “A stay is not a matter of right, even if irreparable injury might otherwise result.” Nken v. Holder, 556 U.S. 418, 433 (2009) (internal quotation marks omitted). Instead, it is “an exercise of judicial discretion,”…