The Merchants Area defendants Holton Buggs and Robert Collazo have consented to preliminary injunctions.
Buggs’ consent is of specific significance as, up till very lately, he was set to boost shameful arguments in courtroom.
Buggs’ preliminary injunction consent movement was filed on January fifteenth and authorized later the identical day. Collazo’s consent movement was filed and authorized on January ninth.
The granted preliminary injunctions lengthen the asset freeze applied by the beforehand granted TRO. Buggs and Collazo are additionally required to totally cooperate with the court-appointed The Merchants Area Receiver.
Different orders from the courtroom since BehindMLM’s final The Merchants Area replace embrace:
- a movement for and courtroom clerk’s entry of default in opposition to Merchants Area FX Ltd, Fredirick Teddy Joseph Safranko, William Negus-Romvari, Ares International Ltd, Algo Capital LLC, Algo FX Capital Advisor LLC and Juan Herman on January tenth;
- denial of Robert Collazo’s movement to dismiss on January 14th;
- denial of Holton Buggs’ movement to dismiss on January seventeenth; and
- all defendants ordered to file a solution to the CFTC’s Grievance by February seventh
A preliminary injunction listening to for the remaining The Merchants Area defendants was held as scheduled on January twenty fourth.
As per the case docket entry;
A preliminary injunction shall be issued in opposition to Defendants Frederick “Teddy” Joseph Safranko, David Williams Negus-Romvari, and Juan “JJ” Herman. A written order will comply with.
That order is predicted someday subsequent week. I’ll depart an replace under to verify.
