Just a quick update on the Traffic Monsoon appeal, following arguments from both parties to be heard scheduled for March 21st.

Both the SEC and Scoville have acknowledged the date, so barring any unforeseen events between now and then the hearing should take place.

About a week ago we reported on the District Court of Utah considering an amendment to the Receiver’s duties and powers, specifically in relation to representation of Traffic Monsoon in the appeal.

Briefings from the SEC and Scoville were initially due by February 2nd, however that has now been extended till February 16th.

A Status Conference is scheduled for February 8th, which will probably be our next update.

If nothing significant happens though then we’re probably looking toward the hearing after the February 16th briefs are filed – which will then lead us into the appeal arguments.

Stay tuned…


Update 22nd March 2018 – According to the appeal case docket oral arguments took place today as scheduled.

The appeal case has now been submitted to three Judges for a decision.