Free Joint Status Report - District Court of Federal Claims - federal

Case 1:05-cv-00545-EJD

Document 15

Filed 04/20/2006

Page 1 of 2

IN THE UNITED STATES COURT OF FEDERAL CLAIMS No. 05-545 T (Chief Judge Damich) PLATINUM TRADING, LLC, by and through WILLIAM B. GUZY, A Partner Other Than The Tax matters Partner, Plaintiff, v. THE UNITED STATES, Defendant.

__________________________ JOINT STATUS REPORT __________________________

Pursuant to the Order of this Court entered January 20, 2006, the parties file this Joint Status Report with respect to the status of Jade Trading, LLC, et al. v. United States, Fed. Cl. No. 03-2164T, as well as the status of the criminal proceeding in the Southern District of New York. Plaintiff's counsel has reviewed the contents of this report and has authorized defendant to file it as a joint report. The case of Jade Trading has been fully briefed and argued and no decision has been entered as of the filing of this report. The criminal proceeding in the Southern District of New York remains set for trial on September 11, 2006. As of the filing of this report, the United States Attorney for the Southern District of New York has not requested that defendant's trial attorney seek a stay in this matter. Plaintiff recommends the stay continue for reasons stated in its Motion to Stay. Further,

-1-

Case 1:05-cv-00545-EJD

Document 15

Filed 04/20/2006

Page 2 of 2

final briefing in Jade is completed and closing arguments were held on December 14, 2005, so the case is ripe for decision. Defendant is not opposed to continuing the stay in this matter because it is possible, although not certain, that a decision in Jade Trading could enable the parties to narrow the discovery required for this case and provide some instruction as to the legal analysis of the case. Furthermore, the United States Attorneys Office for the Southern District of New York has continued its request that it be kept apprised of the proceedings in this action in order to ensure that this action does not adversely affect its pending criminal investigations is still in place. Thus, the potential that the government may seek a stay in the future if the criminal matter and this case intersect remains. Respectfully submitted,

April 20, 2006 Date

s/David R. House DAVID R. HOUSE Attorney of Record U.S. Department of Justice - Tax Division Court of Federal Claims Section Post Office Box 26 Ben Franklin Station Washington, D.C. 20044 (202) 616-3366 EILEEN J. O'CONNOR Assistant Attorney General DAVID GUSTAFSON Acting Chief, Court of Federal Claims Section

-2-