Lachman Dass Gupta v. E*Trade Securities, LLC, et al.

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COURT OF CHANCERY OF THE STATE OF DELAWARE SAM GLASSCOCK III VICE CHANCELLOR COURT OF CHANCERY COURTHOUSE 34 THE CIRCLE GEORGETOWN, DELAWARE 19947 April 25, 2014 Jody Barillare, Esquire Morgan Lewis & Bockius LLP The Nemours Building 1007 North Orange Street, Suite 501 Wilmington, Delaware 19801 Erika R. Caesar, Esquire Young Conaway Stargatt & Taylor LLP Rodney Square 100 North King Street Wilmington, Delaware 19801 Lachman Dass Gupta 29 Emerson Drive Dover, Delaware 19901 Re: Lachman Dass Gupta v. E*Trade Securities, LLC et al. Civil Action No. 9358-MA Dear Litigants and Counsel: I am in receipt of the Petitioners Notice of Exceptions to the Order entered by Master Ayvazian on April 11, 2014, which denies the Petitioners Motion for a Default Judgment against Defendant JP Morgan Securities, LLC. The Petitioners Exceptions are preserved; however, in the interests of judicial and litigants economy, I exercise my discretion to defer a hearing on the Exceptions. Accordingly, I am remanding this matter to the Master. Once a final report has been issued, the Petitioners may re-file their Exceptions, if appropriate, and I will consider the issues raised therein at that time. To the extent the foregoing requires an Order to take effect, IT IS SO ORDERED. Sincerely, /s/ Sam Glasscock III Sam Glasscock III

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