Securities and Exchange Commission v. Nadel et al

Filing 424

ORDER ATTACHED denying #416 Motion to Quash. Signed by Judge Richard A. Lazzara on 6/24/2010. (CCB)

UNITED STATES DISTRICT COURT MIDDLE DISTRICT OF FLORIDA TAMPA DIVISION SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. 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 of the parties' submissions, together with the procedural history of this case and the previous orders of this Court vesting authority in the Receiver to identify and recover assets fraudulently acquired for the benefit of the Receivership Entities and the defrauded investors, and consistent with the recent order denying a similar motion for protective order entered by United States Magistrate Judge Mark A. Pizzo on June 23, 2010, in Wiand v. Rowe, case number 10-cv-245-T-17MAP, it is ordered and adjudged that the Rowes' Motion for

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

Protective Order (Dkt. 416) is denied. The Court concludes, as pointed out by Plaintiff in its response, that "[t]he Receiver is applying routine discovery tools and exceptional diligence to develop the evidence necessary to protect and recover investors' money." The hearing on the motion scheduled for June 25, 2010, is cancelled.

DONE AND ORDERED at Tampa, Florida, on June 24, 2010.

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

COPIES FURNISHED TO:

Counsel of Record

-2-