The Connecticut District Court has agreed to stay all deadlines in an engineering negligence lawsuit against Interactive Brokers.

The relevant order was signed by Judge Alvin W. Thompson on August 19, 2025.

The order grants a motion by the parties in this case who jointly requested that “the Court suspend all Scheduling Order deadlines pursuant to a settlement in principle on agreed terms between Plaintiff and Defendants”.

Let’s recall that, in this lawsuit, Robert Scott Batchelar accuses Interactive Brokers, LLC of negligent design of its trading software, so that an automatic liquidation of the positions in his account cost him thousands of dollars more than it should have.

Batchelar commenced this lawsuit in December 2015 by filing a complaint asserting claims for breach of contract, negligence, and commercially unreasonable liquidation of pledged collateral. Batchelar states that his current theory of liability is that Interactive Brokers’ Auto-Liquidation Software was negligently designed, coded, maintained and used such that it permitted a liquidation transaction to be executed on terms less favorable to the customer than the terms for that liquidation transaction authorized by the Auto-Liquidation Software.

Interactive Brokers has moved for a protective order precluding the deposition of Thomas Peterffy. On July 17, 2025, the Court denied the motion.