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`TELEPHONE: 1-212-558-4000
`FACSIMILE: 1-212-558-3588
`WWW.SULLCROM.COM
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`Via ECF
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`1125 Broad Street
`New York, New York 10004-2498
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`______________________
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`LOS ANGELES • PALO ALTO • WASHINGTON, D.C.
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`BRUSSELS • FRANKFURT • LONDON • PARIS
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`BEIJING • HONG KONG • TOKYO
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`MELBOURNE • SYDNEY
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`September 20, 2022
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`The Honorable Cathy L. Waldor,
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`United States District Court for the District of New Jersey,
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`Martin Luther King Jr. Courthouse,
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`50 Walnut Street,
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`Newark, NJ 07101.
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`Re: Mangano v. BlockFi, et al.,
`No. 2:22-cv-01112-KM-CLW
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`Dear Judge Waldor:
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`I represent Defendants BlockFi Inc., BlockFi Trading LLC, and BlockFi Lending
`LLC in the above-referenced action (“Action”). I write with the consent of all parties to
`jointly request an adjournment of the initial conference scheduled under Federal Rule of
`Civil Procedure 16 for October 19, 2022 at 10 am. (Dkt. No. 35.) The parties jointly
`request that the initial conference be rescheduled, if necessary, after the Court’s decision
`on Defendants’ Motion to Dismiss the Amended Class Action Complaint (“Motion to
`Dismiss”). (Dkt. No. 34.) Plaintiffs’ opposition to Defendants’ Motion to Dismiss is due
`October 27, 2022, and Defendants’ reply brief is due November 22, 2022. (Dkt. No. 33.)
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`In any private action arising under the federal securities laws, the Private Securities
`Litigation Reform Act (“PSLRA”) provides that “all discovery and other proceedings shall
`be stayed during the pendency of any motion to dismiss.” 15 U.S.C. § 78u-4(b)(3)(B). In
`this Action, Plaintiffs bring claims under Sections 10(b) and 20(a) of the Securities
`Exchange Act of 1934 and Sections 5, 12(a)(2), and 15(a) of the Securities Act of 1933.
`As a result, the PSLRA’s stay on discovery and other proceedings is in effect in this Action
`pending the Court’s decision on Defendants’ Motion to Dismiss, and it is premature to
`proceed with the initial conference and the discussion of discovery issues contemplated
`therein.
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`Case 2:22-cv-01112-KM-CLW Document 36 Filed 09/20/22 Page 2 of 2 PageID: 545
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`This is the first request for an adjournment. The parties are available to answer any
`questions that the Court may have.
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`Respectfully submitted,
`/s/ Jeffrey T. Scott
`Jeffrey T. Scott
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`cc:
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`All Counsel of Record (via ECF)
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