Securities And Exchange Commission v. LoPinto et al

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UNITED STATES DISTRICT COURT
EASTERN DISTRICT OF NEW YORK
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SECURITIES AND EXCHANGE
COMMISSION,
ORDER
24 CV 6886 (AMD) (CLP)
Plaintiff,
-against-
LOPINTO, et al.,
Defendants.
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POLLAK, United States Magistrate Judge:
On October 15, 2025, the Court indicated that due to the lapse in appropriations and
government shutdown, this case was stayed (ECF Order, dated October 15, 2025). The Court
Ordered defendant Laren Pisciotti (“Pisciotti”) to try to obtain new counsel during the stay. (Id.)
Up until that time, the Court had received various communications from Pisciotti regarding her
asserted difficulties in obtaining counsel on behalf of herself and defendant GlobalX VC LLC.
On November 20, 2025, after the conclusion of the government shutdown, the Securities
and Exchange Commission filed a Motion to lift the stay and require Pisciotti and GlobalX VC
LLC to file a responsive pleading, given the prejudice these repeated delays have caused to the
harmed investors in this action. (ECF No. 70). The SEC indicated that despite Pisciotti’s
alleged difficulties in obtaining counsel, on November 11, 2025, Pisciotti and GlobalX VC LLC
filed an answer, through counsel, in another action in the District of New Jersey. (Id.) Indeed,
the SEC argues that that answer responded to allegations similar to those made by the SEC in the
case before this Court.
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In light of these developments, the Court hereby lifts the stay and sets a final deadline of
December 5, 2025 for Pisciotti and GlobalX VC LLC to file an answer or other responsive
pleading. No further extensions will be granted. The Court reminds Pisciotti that GlobalX VC
LLC must be represented by counsel.
The Court will mail and email a copy of this Order to defendant Laren Pisciotti. The
Clerk is directed to send copies of this Order to all other parties either electronically through the
Electronic Case Filing (ECF) system or by mail.
SO ORDERED.
Dated: Brooklyn, New York
November 21, 2025 	/s/ Cheryl L. Pollak
Cheryl L. Pollak
United States Magistrate Judge
Eastern District of New York
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