Securities and Exchange Commission v. Nadel et al

Filing 293

ORDER ATTACHED granting #291 Receiver's Motion to Approve Sale of Assets of Home Front Homes, LLC and Agreement with M&I Bank. Signed by Judge Richard A. Lazzara on 1/6/2010. (CCB)

UNITED STATES DISTRICT COURT MIDDLE DISTRICT OF FLORIDA TAMPA DIVISION SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. ARTHUR NADEL, SCOOP CAPITAL, LLC., 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 of the Receiver's submissions, it is ordered and adjudged that the Receiver's Motion for Approval of Sale of Assets of Home Front Homes, LLC and Agreement with M&I Bank (Dkt. 291) is granted. The Court specifically approves the sale of the assets of Home Front Homes, LLC to South American Development Corporation as provided for in the Asset Purchase Agreement attached as exhibit one to the motion. The Court also specifically

CASE NO: 8:09-cv-87-T-26TBM

approves the agreement reached between the Receiver and M&I Bank as reflected in the M&I Agreement attached to the motion as exhibit two to the motion. In doing so, the Court finds that the agreements negotiated by the Receiver are in the best interests of the Receivership Estate.

DONE AND ORDERED at Tampa, Florida, on January 6, 2010.

s/Richard A. Lazzara RICHARD A. LAZZARA UNITED STATES DISTRICT JUDGE

COPIES FURNISHED TO:

Counsel of Record

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