The SEC in May sued John A. Geringer, who managed the GLR Growth Fund, contending he used false and misleading materials to lure investors in what has been described as a Ponzi-like scam. In October, Geringer stated in court documents that he was representing himself and was in settlement discussions with the SEC.
At a court appearance last week, U.S. District Judge Lucy Koh referred Geringer to the federal legal assistance self-help center for help in preparing his initial disclosure statements, which must be filed by Nov. 21.
Koh also ordered the other entities named in the suit, GLR Capital Management, LLC; GLR Advisors, LLC; GLR Growth Fund, L.P. and Geringer, Luck & Rode, LLC to obtain counsel and file notices by Jan. 15.
Koh set a deadline of March 29 for completion of the settlement conference. If no settlement can be reached by then, the case could proceed to trial in early 2014, court filings show. The next court date is set for Feb. 13 when all parties will update the judge on the status of the case.
The SEC alleges Geringer made investors believe the investment fund was earning double-digit annual returns when actually it was generating consistent losses.
Geringer, 47, has not returned calls from the Sentinel.