By Richard R. Cheatham
Pursuant to Fed. R. Civ. P. 24 Richard R. Cheatham moves to intervene in this action in order to protect his interest in the subject of the action and pursuant to Fed. R. Civ. P. 59 to suspend the Court’s Memorandum Opinion and Order of July, 3, 2012 pending reconsideration in light of the facts presented in connection Intervener’s Motion to Intervene.
In support of this motion, Richard R. Cheatham relies on the Court’s Memorandum Opinion and Order of July, 3, 2012 and his Memorandum In Support of Motion To Intervene and To Suspend Memorandum Opinion and Order of July, 3, 2012.
SENATE and HOUSE letter to Schapiro
SIPC OPPOSITION TO MOTION TO INTERVENE
On July 24, 2012, Richard Cheatham filed a motion to intervene and to “suspend” the Court’s July 3 Opinion—three weeks after the fact. Although he provides no documentary evidence in support of his assertions, Cheatham contends that brokers from the Stanford Group Company (“SGC”) purchased Stanford International Bank, Ltd. (“SIBL”) CDs for him without his knowledge, and that the SEC failed to consider the “atypical” nature of these CD purchases in pursuing its case. The Court should reject Cheatham’s thirteenth-hour motion for three separate and independent reasons…
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