Legal
This page will serve as our update page regarding the on-going SEC matter until it is completed. This list of documents are pulled directly from the Court’s Docket and will be populated in reverse chronological order and will display only documents related to the companies, not Chris Rabalais. Because Rabalais is separated from the companies in this matter, you may be able to find additional documentation for him using other resources.
6.22.24 Update: The SEC’s final reply brief to address our filed brief is due July 22, 2024 pending any other changes. From there we will await the Court to rule on our request for an evidentiary hearing. We felt it was important that the Court hear directly from Defendants due to the fact there were so many misstatements made by the SEC in their initial brief filing. We expect the SEC to address those in response to our brief in their final reply (due July 22nd). If the Court declines the evidentiary hearing, then they will likely set a date for Oral Argument stage for the lawyers in front of the Court. Once that has happened, the Court will likely make their final decision.
Doc #66 below is the SEC’s initial brief filing with their exhibits
Doc #78 below is our reply brief addressing the SEC’s brief with our exhibits
Doc #81 is our amended brief addressing a couple of errors our lawyer misinterpreted from us over the phone, as well as reaffirming a couple arguments in the brief. All exhibits remained unchanged.
DOC #81 - 6.14.24 Defendant's Amended Reply Brief
DOC #80 - 6.14.24 Unopposed Motion of Defendants Leave to File Amended Brief
6.10.24 - MINUTE ORDER. Upon consideration of Plaintiff's 75 Motion for Extension of Time and Enlargement of Brief, it is hereby ORDERED that the Motion is GRANTED. Plaintiff shall file its response on or before July 22, 2024 and the page limitation in LCvR 7(e) is modified to allow Plaintiff a total of 45 pages for its omnibus reply. So Ordered by Judge Carl J. Nichols on 6/10/2024. (lccjn3) (Entered: 06/10/2024)
DOC #78 - 6.7.24 Defendants Reply to Plaintiffs Motion for Final Judgment
DOC #76 - 6.6.24 Defendants Motion for Enlargement of Time to File Brief
DOC #75 - 5.28.24 Plaintiffs Reply to Defendants Motion for Enlargement of Time to File Brief
DOC #73 - 5.27.24 Defendants Motion for Enlargement of Time to File Brief
DOC #70 - 5.16.24 Unopposed Motion of Defendants Request for Enlargement of Time to File Brief
3.13.24 - MINUTE ORDER. Upon review of Defendants' 67 Motion for Extension of Time, and considering that Plaintiff does not oppose, it is hereby ORDERED that the Motion is GRANTED and that Defendants Crystal World Holdings, Inc. and the New Sports Economy Institute shall file a Response to Plaintiff's 66 Motion for Entry of Final Judgment on or before May 21, 2024. So Ordered by Judge Carl J. Nichols on 3/13/2024. (lccjn3) (Entered: 03/13/2024)
DOC #67 - 3.13.24 Unopposed Motion of Defendants Request for Enlargement of Time to File Brief
DOC #66 - 2.21.23 Plaintiffs Motion for Final Judgment
DOC #65 - 2.20.24 Defendant's Partial Settlement Judgment Finalized
DOC #63 - 2.2.24 Plaintiff's RESPONSE re 62 MOTION for Leave to File Sur- reply
DOC #61 - 2.1.24 Motion for Leave to File Sur-Reply in Response to Plaintiff’s Reply
DOC #60 - 1.31.24 Plaintiff’s Reply in Support of its Agreed Partial Judgment
DOC #58 - 1.3.24 Defendants Response to SEC's Proposed Partial Judgment
DOC #57 - 12.7.23 Plaintiff & Defendants Agree to Partial Settlement
DOC #54 - 6.15.23 Notice of Service of Subpoenas for Depositions
DOC #53 - 6.6.23 Notice of Service of Depositions by SEC
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. The mediation process was under NDA and so the details were not released.
Since that time, the companies separated from Chris and entered a bifurcated settlement agreement meaning that the companies neither admit nor deny any of the allegations in the complaint, agree not to participate in any unregistered securities offerings in the future and agreed to let the Court decide any applicable disgorgement and/or penalty. At this juncture, CWH & NSEI are non-revenue generating companies so the decision that the Court makes will likely decide the future of all investors. (Including myself and Alper).