As per a Joint Notice filed on June 2nd, the SEC and defendant Eric J. Dalius will return to mediation.

With the Saivian fraud trial scheduled for September 2022, this would appear to be the last change for Dalius to settle and avoid potentially harsher penalties in court.

Dalius and the SEC had intended to return to mediation during June or July. They were unable to do so though due to scheduling conflicts between Dalius and his attorney.

Consequently the parties and mediation Judge are available in “early August”.

The Joint Notice states the parties have been informed “an order confirming the Parties’ August 5 mediation will be issued shortly.”

Initial attempts to mediate the Saivian fraud case
failed
last July.

As per the Joint Notice;

Throughout the litigation, the Parties have engaged in productive settlement discussions.

While a number of additional issues must be resolved if the Parties are to reach a settlement, the substantial progress the Parties have made through their informal settlement discussions as well as the additional discovery concluded since the last attempt at mediation provides a basis for their optimism that they will be able to resolve these remaining issues through mediation.

Given
Saivian was an obvious Ponzi scheme
, through which Dalius and co-defendant Ryan Evans (right)
committed securities fraud through
, going to trial isn’t likely to end well for them.

I’ll continue to monitor the case docket for settlement updates. Failing which, I believe the September 20th trial date still stands.

Update 13th July 2022 – 
The court has issued an order setting an August 12th deadline for any motions for summary judgment.

A Joint Report must also be filed within seven days of a settlement conference between the parties.

As a result of these two new developments, the scheduled September jury trial has been pushed back to December 6th.

Update 23rd August 2022 – 
Eric Dalius has
reached a settlement with the SEC
.

Ryan Evans is the sole Defendant yet to settle. His Saivian trial has been rescheduled for June 2023.

🤖 Quick Answer

When are Eric J. Dalius and the SEC scheduled to resume mediation in the Saivian case?
Eric J. Dalius and the SEC have scheduled mediation for August 5th. The parties and mediation judge confirmed availability in early August after previous scheduling conflicts prevented mediation during June or July as originally planned.

Why is the August mediation considered Dalius's last opportunity to settle?
The Saivian fraud trial is scheduled for September 2022. Reaching a settlement before trial would allow Dalius to avoid potentially harsher penalties that could result from court proceedings, making this mediation session critical.

What happened during the initial mediation attempts in the Saivian fraud case?
Initial mediation efforts in the Saivian fraud case failed in July. The parties subsequently pursued further negotiation opportunities, leading to the scheduled August 5th mediation session confirmed by Joint Notice

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