Securities and Exchange Commission v. Nadel et al

Filing 1204

ORDER ATTACHED granting 1199 Receiver's Motion to Overrule Objection to Determination of Claim Number 469. Signed by Judge Richard A. Lazzara on 10/1/2015. (CCB)

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 AND CAREFUL CONSIDERATION of the procedural history of this
case, together with the Receiver’s written submission and attachments, it is ORDERED AND
ADJUDGED that the Receiver’s Motion to Overrule Objection to Determination of Claim
Number 469 (Dkt. 1199) is granted for the reasons stated in the motion, that is, (1) the Claimant,
MMG Bank & Trust, Ltd., failed to comply with the claims procedures and deadlines
promulgated by this Court, and the information belatedly supplied in its objection did not cure

the deficiency, and (2) the Investor, OW Dragoon, was a sophisticated investment firm and thus
either had inquiry or actual notice of Mr. Nadel’s fraud.

DONE AND ORDERED at Tampa, Florida, on October 1, 2015.

s/Richard A. Lazzara
RICHARD A. LAZZARA
UNITED STATES DISTRICT JUDGE
COPIES FURNISHED TO:

Counsel of Record

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