Legal
This page will serve as our update page regarding the on-going SEC matter until it has completed its trial or a settlement has been reached. This list will be populated in reverse chronological order.
4.19.23 - MINUTE ORDER. In light of the resolution of the discovery dispute, the status conference scheduled for April 20, 2023, is VACATED.
4.10.23 - MINUTE ORDER. The SEC and Christopher Rabalais are ORDERED to appear before the Court for a telephone status conference on April 20, 2023, at 2:00 PM EST. An email summary of the discovery dispute is due to Courtroom Deputy Mark Coates (Mark_Coates@dcd.uscourts.gov) on or before April 17, 2023.
Doc #51 - 4.3.23 - STANDING ORDER.
4.3.23 - MINUTE ORDER. Upon consideration of 49 Motion to Withdraw, it is hereby ORDERED that the Motion is GRANTED.
4.3.23 - MINUTE ORDER. Upon consideration of 48 Unopposed Motion to Withdraw as Attorney by James Falvey, it is hereby ORDERED that the Motion is GRANTED.
Doc #50 - 3.29.23 - NOTICE by CHRISTOPHER PAUL RABALAIS
Doc #49 - 3.22.23 - Unopposed MOTION to Withdraw as Attorney by CHRISTOPHER PAUL RABALAIS & Proposed Order
Doc #48 - 3.19.23 - Unopposed MOTION to Withdraw as Attorney for Defendants by CRYSTAL WORLD HOLDINGS, INC., NEW SPORTS ECONOMY INSTITUTE, CHRISTOPHER PAUL RABALAIS.
Doc #47 - 1.23.23 - NOTICE of Service of Second Set of Discovery to Defendant Christopher Paul Rabalais by SECURITIES AND EXCHANGE COMMISSION
Doc #46 - 1.23.23 - NOTICE of Service of First Sets of Discovery to Defendants Crystal World Holdings, Inc. and The New Sports Economy Institute by SECURITIES AND EXCHANGE COMMISSION
Doc #45 - 1.05.23 - NOTICE of Service of Fed. R. Civ. P. 45 Document Subpoenas by SECURITIES AND EXCHANGE COMMISSION
Doc #44 - 1.03.23 - Joint STATUS REPORT by SECURITIES AND EXCHANGE COMMISSION
Doc #43 - 11.29.22 - NOTICE of Service of First Set of Discovery to Defendant Christopher Paul Rabalais by SECURITIES AND EXCHANGE COMMISSION
10.05.22 - Set/Reset Deadlines: Discovery due by 8/4/2023. Dispositive Motions due by 12/8/2023. Initial Disclosure due by 11/1/2022. Rebuttal due by 10/2/2023. Plaintiff Rule 26(a)(2) due by 9/1/2023. Defendant Rule 26(a)(2) due by 9/1/2023. Summary Judgment motions due by 12/8/2023.
Doc #42 - 10.5.22 - STIPULATED ORDER UNDER FED. R. EVID. 502
Doc #41 - 10.5.22 - SCHEDULING ORDER
Doc #40 - 10.4.22 - RENEWED MEET AND CONFER STATEMENT
10.3.22 - MINUTE ORDER. Upon consideration of Defendants' Unopposed Motion for Extension of Time 39 , it is hereby ordered that the motion is GRANTED. Parties shall file their Joint Meet and Confer Statement and Proposed Scheduling Order on or before October 4, 2022
DOC #39 - 9.28.22 Unopposed MOTION for Extension of Time to File Post-Mediation Documents by CRYSTAL WORLD HOLDINGS, INC., NEW SPORTS ECONOMY INSTITUTE, CHRISTOPHER PAUL RABALAIS
DOC #38 - 9.19.22 Joint STATUS REPORT on Mediation (Final Report) by SECURITIES AND EXCHANGE COMMISSION.
Documents previous to this date all led up to the court ordered mediation process, which ultimately failed.
While the companies (separate from Chris) had initially reached a bifurcated settlement agreement, when the companies received the final agreement from the SEC, the terms were not agreeable. The SEC wanted Chris and the companies to sign a boilerplate agreement that was not acceptable. Among other things, Chris and the companies insisted that any disgorgement ordered by the Court be mandatory, not optional, and remanded to the Fair Fund for disbursement to investors. The mediation process was under NDA and so the details were not released.
All things considered, Chris and the companies felt it would be best to argue the case to its fullest.