Jul. 3 at 11:32 PM
$LNAI Happy 4th of July to all - perhaps not so much to Citadel and the naked shorters - Today Judge Burke sent out 2 oral orders:) Quite interesting and uplifting . In plain English:
Docket 24: A signal to Citadel: no conference, no extended briefing, shortest possible schedule, narrow page limits. To me, it looks as total absence of any sympathy for Citadel's position.
Docket 25 : Also a signal - this time GS, Burke is asking Goldman to produce, and forcing the production status onto the official record by July 9.
Read together, both orders are a coordinated move on the same afternoon, the behaviour of a judge with a clear view moving decisively. It is not a ruling — but it sure reads as a judge who intends to make one:)
Docket 24 Oral Order 07/02 3:55 PM
ORAL ORDER: The Court, having reviewed Plaintiff’s Emergency Motion to Compel Compliance with Third-Party Subpoena Directed to Citadel Securities LLC (“Citadel”) (“Motion”), (D.I. 23 ), hereby ORDERS as follows: (1) By July 9, 2026, third-party respondent Citadel may file a responsive letter brief, not to exceed four (4) single-spaced pages, in no less than 12-point font, outlining its reasons for its opposing the Motion.; (3) By July 13, 2026, Plaintiff shall file with the Court a reply letter brief, not to exceed two (2) single-spaced pages, in no less than 12-point font.; Ordered by Judge Christopher J. Burke on 07/02/2026
Caution: Even if is very positive, there is one note of caution — the 4-page limit also gives Citadel's lawyers, Quinn Emanuel a clean shot at the equitable representation argument. The live risk going into July 9 stated plainly.
docket 25 order Oral Order to 07/02 4:11 PM
ORAL ORDER: The Court, having reviewed Plaintiff and third party Goldman Sachs & Co., LLC’s (“Goldman”) briefing, (D.I.9 ; D.I.20 ; D.I.22 ), regarding Plaintiff’s motion to compel (“Motion”), (D.I.9 ), hereby ORDERS as follows: (1) By no later than July 9, 2026, absent further order of the Court, the parties shall file a joint status letter of no more than three single-spaced pages, in which they advise the Court as to: (a) what documents sought by Plaintiff has Goldman produced as of that date; (b) what sought-after documents has Goldman committed to produce in the future (and by when); and (c) whether there is any remaining still-disputed portion of the Motion for the Court to resolve (and if so, what documents that dispute implicates); (2) To the extent any dispute remains as of July 9, the Court will be prepared to resolve the Motion thereafter.; and (3) Plaintiff shall serve a copy of this Order on Goldman as soon as is practicable and in any event no later than July 6, 2026, and file a proof of service. Ordered by Judge Christopher J. Burke on 07/02/2026.
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