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Securities and Exchange Commission v. Gerasimowicz

United States District Court, S.D. New York

June 26, 2014

SECURITIES AND EXCHANGE COMMISSION, Petitioner,
v.
WALTER
v.
GERASIMOWICZ, ET AL., Respondents.

MEMORANDUM OPINION AND ORDER

JOHN G. KOELTL, District Judge.

Respondent Gerasimowicz has moved for leave to proceed in forma pauperis on appeal. "The decision of whether to grant a request to proceed in forma pauperis is left to the District Court's discretion under 28 U.S.C. ยง 1915. The Court's discretion is limited in that: An appeal may not be taken in forma pauperis if the trial court certifies in writing that it is not taken in good faith." Burda Media Inc. v. Blumenberg , 731 F.Supp.2d 321, 322-23 (S.D.N.Y. 2010) (citations and internal quotation marks omitted). The "good faith" standard is an objective one, and it is not met when a party seeks review of a frivolous claim. See Coppedge v. United States , 369 U.S. 438, 445 (1962); Linden v. Harper & Row Publishers , 490 F.Supp. 297, 300 (S.D.N.Y. 1980) (applying the objective good faith standard in the civil context). Here, the respondent has failed to demonstrate that his appeal has any merit. ...


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