Securities and Exchange Commission v. Nadel et al

Filing 1072

ORDER ATTACHED granting 1071 the Receiver's Motion for Settlement with Daniel A Zak, individually and as Trustee, and Marion Zak as Trustee, and associated with Case Nos. 8:10-cv-161-T-17MAP and 8:10-cv-170-T-17MAP. Signed by Judge Richard A. Lazzara on 9/25/2013. (CCB)

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UNITED STATES DISTRICT COURT MIDDLE DISTRICT OF FLORIDA TAMPA DIVISION SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. CASE NO: 8:09-cv-87-T-26TBM ARTHUR NADEL; SCOOP CAPITAL, LLC; and SCOOP MANAGEMENT, INC., Defendants, SCOOP REAL ESTATE, L.P.; VALHALLA INVESTMENT PARTNERS, L.P.; VALHALLA MANAGEMENT, INC.; VICTORY IRA FUND, LTD.; VICTORY FUND, LTD; VIKING IRA FUND, LLC; VIKING FUND, LLC; and VIKING MANAGEMENT, LLC, Relief Defendants. / ORDER UPON DUE CONSIDERATION, it is ORDERED AND ADJUDGED that the Receiver’s Motion to Approve Settlement (Dkt. 1071) is granted. The Court specifically approves the written settlement agreement attached to the motion entered into between the Receiver and Daniel A Zak, individually and as Trustee of the EMPG-NW P.C. MMP & PS TRUST, and Marion Zak as Trustee of the Marvin Zak and Marian Lyle Zak Bypass Trust u/a dtd 10/16/98, with regard to the return of what the Receiver describes as "false profits," in the amount of and within the time period provided for in the agreement. DONE AND ORDERED at Tampa, Florida, on September 25, 2013. s/Richard A. Lazzara RICHARD A. LAZZARA UNITED STATES DISTRICT JUDGE COPIES FURNISHED TO: Counsel of Record -2-

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