Securities and Exchange Commission v. Nadel et al

Filing 896

ORDER ATTACHED granting #895 Motion to Approve Settlement with Richard E. Russell, individually and as Trustee of the Richard E. Russell Revocable Living Trust, and associated with Case 8:10-cv-176-T-17MAP. Signed by Judge Richard A. Lazzara on 8/23/2012. (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 CONSIDERATION, it is ORDERED AND ADJUDGED that the
Receiver’s Motion to Approve Settlement (Dkt. 895) is granted. The Court specifically
approves the written settlement agreement reached after arbitration proceedings were
compelled and attached to the motion, which settlement agreement was entered into
between the Receiver and Richard E. Russell, individually and as Trustee of the Richard
E. Russell Revocable Living Trust 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 August 23, 2012.

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

COPIES FURNISHED TO:

Counsel of Record

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