Securities and Exchange Commission v. Fusion Hotel Management LLC

UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF CALIFORNIA

11 SECURITIES AND EXCHANGE Case No. 3:21-cv-02085-L-MSB

COMMISSION,

ORDER GRANTING IN PART AND

13 Plaintiff, DENYING IN PART THE vs. GOVERNMENT’S MOTION TO

INTERVENE AND STAY

15 FUSION HOTEL MANAGEMENT [ECF No. 28] LLC, et al., Defendants.

In this enforcement action filed by the United States Securities and Exchange Commission (“SEC” or “Commission”), the United States (“Government”) filed a motion to intervene and stay proceedings pending resolution of a parallel criminal case. (ECF No. 28.) No oppositions have been filed. The Court decides the matter on the papers submitted and without oral argument. See Civ. L. R. 7.1(d.1). For the reasons stated below, the Government’s motion is granted in part and denied in part. The SEC filed this action against Defendants Fusion Hotel Management LLC (“FHM”), Fusion Hospitality Corporation (“FHC,” FHM and FHC collectively, “Fusion”), and Denny T. Bhakta (“Bhakta”). According to the Complaint, Bhakta raised over $15…