Securities and Exchange Commission v. Blockvest, LLC

Good Law
United States District Court, Southern District of CaliforniaAugust 26, 20203:18-cv-02287California2,278 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF CALIFORNIA 10 SECURITIES AND EXCHANGE Case No.: 18CV2287-GPB(MSB)

COMMISSION,

ORDER FOLLOWING ORDER TO

Plaintiff, SHOW CAUSE STRIKING v. DEFENDANT BLOCKVEST LLC’s

ANSWER, DIRECTING CLERK OF

BLOCKVEST, LLC and REGINALD COURT TO ENTER DEFAULT AND BUDDY RINGGOLD, III a/k/a RASOOL

DEFAULT JUDGMENT AGAINST

ABDUL RAHIM EL,

BLOCKVEST, LLC

Defendants. [Dkt. No. 93.]

19 On July 14, 2020, the Court issued an order to show cause why “Blockvest’s 20 Answer should not be stricken, default entered as well as default judgment entered 21 against it for failure to defend and failure to retain substitute counsel of record.” (Dkt. 22 No. 123.) Defendant Blockvest LLC (“Blockvest”) did not respond to the order to show 23 cause. On August 11, 2020, Plaintiff Securities and Exchange Commission (“SEC”) filed 24 a reply noting that Blockvest did not file a response and seeking the Court to strike 25 Blockvest’s…

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