Teed

Teed v. Chen

Good Law
United States District Court, Northern District of CaliforniaJuly 13, 20233:22-cv-02862California665 words

Opinion

Trial Court Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF CALIFORNIA 6 RICHARD BURDEN TEED, Case No. 22-cv-02862-CRB

Plaintiff,

ORDER STAYING ALL

v.

PROCEEDINGS

JAMES “JIMMY” CHEN, et al., Defendants.

Plaintiff Richard Burden Teed (“Teed”) brings this action against James “Jimmy” Chen (“Chen”) and Chen Trading Management LLC (“CTM”), for mismanagement of Teed’s Bitcoin. While Teed’s motion to dismiss and motions to strike Chen’s answer and counterclaims were pending, Chen filed for Chapter 13 bankruptcy. See dkt. 64. Under 11 U.S.C. § 362, all proceedings against Chen are automatically stayed. As a result, the Court stayed this action and vacated the hearing on Teed’s motions. Dkt. 65. Today, Teed’s counsel filed a letter on the docket, arguing that the bankruptcy stay only applies to Chen himself and not co-defendant CTM, and asks the Court to reset the hearing date on the motions and the case management conference. See dkt. 66. While a bankruptcy stay does not typically stay an action as to…

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