Theriault v. New Direction IRA, Inc.

District Court, D. Kansas·Decided August 22, 2025·No. 2:23-cv-02477·Unknown

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF KANSAS

JOSEPH THERIAULT and WILLIAM WEIGEL, CONSOLIDATED CASES individually and on behalf of all those similarly situated, Case No. 23-2477-JWB-ADM

Plaintiffs,

v.

NEW DIRECTION IRA, INC., NEW DIRECTION TRUST COMPANY, and MAINSTAR TRUST,

Defendants.

CHRISTY WALLACE, on behalf of herself and all others similarly situated, Case No. 24-2007-JWB-ADM

NEW DIRECTION IRA, INC., NEW DIRECTION TRUST COMPANY, and MAINSTAR TRUST,

MEMORANDUM AND ORDER This matter is before the court on Defendants’ Motion to Stay Proceedings and for Protective Order Pending Determination of Motion for Summary Judgment. (ECF 134.) By way of this motion, defendants ask the court to stay all “litigation activities,” including discovery, until the court decides their motions for summary judgment (ECF 132 in Case No. 23-2477; ECF 84 in Case No. 24-2007). Plaintiffs oppose the requested stay. For the reasons discussed below, the 1 court denies the motion to stay. However, such denial is without prejudice to defendants pursuing targeted relief from the court to the extent they believe particular discovery requests (or categories of discovery requests) are too burdensome to undertake until they have a ruling on the motions for summary judgment. I. BACKGROUND On July 9, 2025, the court consolidated the above-captioned cases, both putative class actions, for discovery and pretrial case-management purposes. (ECF 137.) Plaintiffs in both actions are account holders of self-directed individual retirement accounts (“IRAs”) that defendants administered. (ECF 115, at 5.) These self-directed IRAs invested in gold and other

precious metals. (Id. at 6.) As part of the account-creation process, each plaintiff submitted a form directing that the precious metals purchased in each of their accounts be stored at First State Depository (“FSD”), an institution New Direction recommended to hold precious metals. (Id.) In 2022, the Commodity Futures Trading Commission filed a lawsuit against FSD and its owner, Robert Higgins, alleging that FSD and Higgins stole more than $110 million of the precious metals deposited in FSD. (Id. at 7.) Plaintiffs then filed the above-captioned cases, with the same defendants named in each case. Both cases allege that defendants committed fraud, were negligent, breached fiduciary duties, and violated various state consumer-protection laws by, among other things, making inaccurate representations about the security and reputation of FSD. In March 2025, presiding

U.S. District Judge John W. Broomes held a summary trial on arbitrability. (ECF 115.) After Judge Broomes declined to compel arbitration, the undersigned U.S. magistrate judge held a scheduling conference on June 5 and entered a scheduling order applicable to both cases. (ECF 2 124.) On July 8 and 9, defendants filed substantially similar (and, in large portions, identical) motions for summary judgment in each case. (ECF 132-133 in Case No. 23-2477; ECF 84-85 in Case No. 24-2007.) Defendants filed the current motion to stay on July 9. They ask the court to stay discovery pending the court’s ruling on their motions for summary judgment. Defendants assert that plaintiffs conceded case-dispositive facts during the arbitrability trial, so there is no need to proceed with discovery for the court to rule their dispositive motions, which seek summary judgment on every claim. Plaintiffs oppose a stay of discovery. They argue that defendants’ summary judgment motions lack merit and will not be granted, but that discovery related to

disputed facts at issue in the summary judgment motions is needed. II. LEGAL STANDARD The court has “broad discretion to stay proceedings as an incident to its power to control its own docket.” Clinton v. Jones, 520 U.S. 681, 706 (1997) (citing Landis v. N. Am. Co., 299 U.S. 248, 254 (1936)); see also Baca v. Berry, 806 F.3d 1262, 1269-70 (10th Cir. 2015) (“[T]he district court has the power to stay proceedings pending before it and to control its docket for the purpose of economy of time and effort for itself, for counsel, and for litigants.” (quotation omitted)). Stays are disfavored, however, because they “can delay a timely resolution of the action.” McCoy v. Burris, No. 18-3077-DDC-GEB, 2020 WL 1819882, at *1 (D. Kan. Apr. 10, 2020). Further, “the right to proceed in court should not be denied except under the most extreme circumstances.”

Commodity Futures Trading Comm’n v. Chilcott Portfolio Mgmt., Inc., 713 F.2d 1477, 1484 (10th Cir. 1983).

3 With these considerations in mind, this district has adopted a longstanding policy not to stay discovery simply because a dispositive motion is pending. See Wolf v. United States, 157 F.R.D. 494, 495 (D. Kan. 1994); Tomes v. Loancare, LLC, No. 2:22-cv-02421-JWB-KGG, 2023 WL 2784844, at *2 (D. Kan. Apr. 5, 2023) (“The district of Kansas generally does not favor staying discovery pending a ruling on a dispositive motion.”). “[B]are assertions that discovery will be unduly burdensome or that it should be stayed because pending dispositive motions will probably be sustained, are insufficient to justify the entry of an order staying discovery generally.” Cont'l Ill. Nat. Bank & Tr. Co. v. Caton, 130 F.R.D. 145, 148 (D. Kan. 1990). A stay may be appropriate, however, if “(1) the case is likely to be finally concluded via the dispositive motion; (2) the facts

sought through discovery would not affect the resolution of the dispositive motion; (3) discovery on all issues posed by the complaint would be wasteful and burdensome; or (4) the dispositive motion raises issues as to a defendant’s immunity from suit.” Myles v. Walmart, Inc., No. 22- 4069-DDC-ADM, 2023 WL 1469456, at *1-2 (D. Kan. Feb. 2, 2023). “The proponent of a stay bears the burden of establishing its need.” Clinton, 520 U.S. at 708; see also Accountable Health Sols., LLC v. Wellness Corp. Sols., LLC, No. 16-2494-DDC-TJJ, 2016 WL 4761839, at *1 (D. Kan. Sept. 13, 2016) (“A party seeking a stay of discovery has the burden to clearly show a compelling reason for the issuance of a stay.”). III. ANALYSIS First, defendants assert that a stay is appropriate because if their motions for summary

judgment are granted, they will dispose of the entire litigation. Defendants also argue that discovery is unnecessary to resolve their dispositive motions because their arguments for summary judgment are based on contracts that plaintiffs conceded at the summary trial are valid. Plaintiffs 4 counter that defendants’ summary judgment-motions misconstrue plaintiffs’ theories of recovery in the cases, particularly that defendants were acting fraudulently. Plaintiffs state that under their theory of the cases, merits-based discovery is needed. Plaintiffs note that their upcoming summary-judgment responses will include a Federal Rule of Civil Procedure 56(d) request that the court defer ruling the motion until more discovery can be had. They state that their fraud and fraud-by-silence claims are particularly fact intensive. At this stage in the proceedings, the court is not persuaded—at least not any more so than when reviewing dispositive motions filed in other complex cases—that these cases are likely to be fully resolved via the pending summary judgment motions. The court does not presume to predict

how Judge Broomes will rule, but plaintiffs here raise what appear to be legitimate arguments against the entry of summary judgment in defendants’ favor based solely on defendants’ theories of the cases.

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Theriault v. New Direction IRA, Inc., (D. Kan. 2025).

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Related

Landis v. North American Co.
299 U.S. 248 (Supreme Court, 1936)
Clinton v. Jones
520 U.S. 681 (Supreme Court, 1997)
Baca v. Berry
806 F.3d 1262 (Tenth Circuit, 2015)
Wolf v. United States
157 F.R.D. 494 (D. Kansas, 1994)