Baumgartner et al v. Salzman et al

Filing 60

ORDER ADOPTING REPORT AND RECOMMENDATION - The Court hereby ADOPTS the 57 Report and Recommendation in its entirety and ORDERS that default judgment be entered against Dfts Greenbaum, Ralston, and Carter Bailey (Docket Entry Nos. 9 , 14 ). However, the calculation of damages shall be deferred until this case is resolved. Ordered by Judge Joanna Seybert on 9/10/09. C/ECF (Valle, Christine)

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK ----------------------------------------x JOHANNES BAUMGARTNER, WIRTSCHAFTS-UND VERMOGENSBERATUNG GMBH, HOLGER KNUT THEILER, Plaintiffs, -againstSTANLEY P. SALZMAN, ESQ., STANLEY P. SALZMAN, P.C., POSTBANK FINANZBERATUNG AG, BHW BAUSPARKASSE AG, PETER SCHMIDT, AMBIENTE GMBH, BLACKSTONE CAPITAL TRADE AG, CARTER BAILEY OPPENHEIM & Dryfus, INC., J. GREENBAUM, JOHN RALSTON, FERNANDO FARIA SAMPAIO, SINO-IBERIAN HOLDINGS LIMITED, IT'S INVESTMENT TREAHAND & SERVICE GMBH, NORBERT SCHRAMM, ALI KARLI, LIDER INTERNATIONAL IMPORT & EXPORT GMBH, MESCUT CETIN, HUSEYIN COBAN, DEFENDANTS DOES 1-50, ORDER ADOPTING REPORT AND RECOMMENDATION 08-CV-2582(JS)(AKT)

Defendants. -------------------------------------x APPEARANCES: For Plaintiffs: Ivo G. Caytas, Esq. Caytas & Associates 146 West 57th Street, Suite 57d New York, NY 10019 For Defendants: Stanley P. Salzman Christopher Kendric, Esq. Ahmuty, Demers & McManus 200 I.U. Willets Road Albertson, NY 11507 No appearance. James W. Weller, Esq. Joseph John Ortego, Esq. Aaron S. Halpern, Esq. Nixon Peabody LLP 50 Jericho Quadrangle, Suite 300 Jericho, NY 11753-2728

Remaining Defendants: Intervenor Marilyn Salzman:

SEYBERT, District Judge: Plaintiffs commenced this action against Defendants

alleging breach of contract, breach of fiduciary duty, gross negligence, conversion, unjust enrichment, constructive fraud, fraud, conspiracy and fraudulent concealment, constructive trust, and a violation of the federal securities laws. On September 10, 2008 the Clerk of the Court certified that Defendants J. Greenbaum ("Greenbaum"), John Ralston

("Ralston"), and Carter Bailey Oppenheim & Dryfus, Inc. ("Carter Bailey"), have failed to answer or otherwise respond to the Complaint in this action. On November 4, 2008, this Court referred Plaintiff's Ralston, motion for a default to judgment against Judge Greenbaum, Kathleen

and

Carter

Bailey

Magistrate

A.

Tomlinson to report and recommend on whether the default should be granted. On August 14, 2009, Judge Tomlinson recommended that the

default be granted and the calculation of damages be deferred until the remaining claims against the non-defaulting parties are

resolved. Pursuant to Rule 72 of the Federal Rule of Civil

Procedure, any objections to the Report were to be filed with the Clerk of the Court within ten days of service of the Report. The

time for filing objections has expired and no Party has objected. Accordingly, all objections are hereby deemed to have been waived. The Court ADOPTS the Report in its entirety and ORDERS 2

that default judgment be entered against Defendants Greenbaum, Ralston, and Carter Bailey (Docket Entry Nos. 9, 14). However, the calculation of damages shall be deferred until this case is resolved. SO ORDERED /s/ JOANNA SEYBERT Joanna Seybert, U.S.D.J. Dated: Central Islip, New York September 10 , 2009

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