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United States Securities and Exchange Commission v. U.S. Wind Farming
May 22, 2007
UNITED STATES SECURITIES AND EXCHANGE COMMISSION, PLAINTIFF,
U.S. WIND FARMING, INC., ET AL., DEFENDANTS.
The opinion of the court was delivered by: Milton I. Shadur Senior United States District Judge
This Court is presently awaiting the response of SEC counsel as to the procedures to be followed to comply with the Court of Appeals' directive, in its March 8, 2007 opinion reported at 481 F.3d 451, regarding the remedy of rescission. In the meantime, pro se defendant Raymond McNamee ("McNamee")*fn1 has mailed in several copies of a proposed order for the release of $150,000 that he had earlier delivered to this District Court under this Court's earlier disgorgement order--but again without his having complied with court rules requiring a notice of presentment and the actual presentment of any motion. McNamee has also seen fit to vent his spleen, in a recent status hearing, by accusing this Court of bias in its rulings because it does not accede to his non-meritorious requests.
This Court declines McNamee's invitation to withdraw from the case, for no litigant is entitled to assert groundless charges as a springboard for obtaining control over the course of his, her or its litigation. But because the other prospect addressed by the Court of Appeals--the possible imposition of criminal contempt sanctions for what this Court held (and the Court of Appeals confirmed) to be McNamee's clear violation of the injunction order in this case (see 480 F.3d at 455-56)--carries the potential for punitive measures (id. at 456-58), this Court requests the District Court Executive Committee to reassign that facet of the case to another District Judge.
1. Both McNamee and the SEC are notified that proceedings pursuant to 18 U.S.C. §401(3) for possible criminal contempt by reason of McNamee's adjudicated violation of this Court's order, as confirmed by the Court of Appeals, may be undertaken by another District Judge to be assigned by the Executive Committee in accordance with court rules.
2. Also as indicated by the Court of Appeals' opinion, the designated District Judge is expected to proceed with notice and hearing of the potential criminal contempt aspect of the case in accordance with Fed. R. Crim. P. 42.
In the interim, no action will be taken on McNamee's current submission, both because of his noncompliance with court rules and, more substantively, because of the pendency of (a) the rescission alternative and (b) the matter just dealt with in this memorandum order. No view is currently ...
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