Securities and Exchange Commission v. Nadel et al

Filing 508

ORDER ATTACHED granting #506 Receiver's Motion to Approve Settlement with Kelvin Lee, et al., associated with Case nos. 8:10-cv-210-T-17MAP, 8:10-cv-211-T-17MAP, and 8:10-cv-251-T-17MAP. Signed by Judge Richard A. Lazzara on 10/20/2010. (CCB)

Securities and Exchange Commission v. Nadel et al

Doc. 508

UNITED STATES DISTRICT COURT M I D D L E DISTRICT OF FLORIDA T A M P A DIVISION

S E C U R IT IE S AND EXCHANGE C O M M IS S IO N , P la in tif f , v. A R T H U R NADEL; SCOOP CAPITAL, LLC; a n d SCOOP MANAGEMENT, INC., D e f e n d a n ts, S C O O P REAL ESTATE, L.P.; VALHALLA IN V E S T M E N T PARTNERS, L.P.; VALHALLA M A N A G E M E N T , INC.; VICTORY IRA FUND, L T D .; VICTORY FUND, LTD.; VIKING IRA F U N D , LLC; VIKING FUND, LLC; and V IK IN G MANAGEMENT, LLC, R e lie f Defendants. / C A S E NO: 8:09-cv-87-T-26TBM

ORDER U P O N DUE CONSIDERATION, it is ORDERED AND ADJUDGED that the R e c e iv e r's Motion to Approve Settlement (Dkt. 506) is granted. The Court specifically a p p ro v e s the written settlement agreements attached to the motion entered into between th e Receiver and Kelvin Lee, individually and as Trustee of the Nancy Lee Trust dtd 1 2 /1 /1 9 8 7 , with regard to the return of what the Receiver describes as "false profits," in th e amount of and within the time period provided for in the agreement.

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DONE AND ORDERED at Tampa, Florida, on October 20, 2010.

s/Richard A. Lazzara RICHARD A. LAZZARA U N I T E D STATES DISTRICT JUDGE

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