Elco Securities, LTD v. Dear Cashmere Holdings, Inc.

USDC SDNY DOCUMENT UNITED STATES DISTRICT COURT a. FILED SOUTHERN DISTRICT OF NEW YORK | DATE aa ELCO SECURITIES, LTD., Plaintiff, 23-CV-5008 (BCM) “against: OPINION AND ORDER DEAR CASHMERE HOLDINGS, INC., Defendant. BARBARA MOSES, United States Magistrate Judge. Pending before the Court is a joint motion (Dkt. 88) submitted by plaintiff Elco Securities, LTD (Elco) and defendant Dear Cashmere Holdings, Inc. (DRCR), seeking the entry of an order pursuant to § 3(a)(10) of the Securities Act of 1933 (1933 Act), 15 U.S.C. § 77c(a)(10), approving the issuance of "free trading” shares of DRCR…