Commodity Futures Trading Commission et al v. TMTE Inc et al
ORDER ACCEPTING 637 FINDINGS, CONCLUSIONS, AND RECOMMENDATION OF UNITED STATES MAGISTRATE JUDGE. The Court APPROVES the sale. (Ordered by Judge Brantley Starr on 11/14/2023) (axm)
UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF TEXAS
COMMODITIES FUTURES TRADING
COMMISSION, et al.,
TMTE, INC., et al.
Civil Action No. 3:20-CV-2910-X
ORDER ACCEPTING FINDINGS, CONCLUSIONS, AND
RECOMMENDATION OF UNITED STATES MAGISTRATE JUDGE
The United States Magistrate Judge made findings, conclusions, and a
recommendation in this case. (Doc. 637). The Magistrate Judge held a hearing to
determine whether any bona fide purchasers had, at the time of the hearing,
submitted any competing bids which were at least ten percent more than the current
contract price of property the Receiver in this case proposes to sell, and whether the
sale was in the best interest of the receivership. No such bids were received, and the
sale was determined to be in the receivership’s best interest.
No objections were filed to the Receiver’s motions to sell the properties, no
objections arose at the hearings, and no objections have been filed to the Magistrate
Judge’s Findings, Conclusions, and Recommendation. The District Court reviewed
the proposed findings, conclusions, and recommendation for plain error. Finding
none, the Court ACCEPTS the Findings, Conclusions, and Recommendation of the
United States Magistrate Judge and APPROVES the sale.
IT IS SO ORDERED, this 14th day of November, 2023.
UNITED STATES DISTRICT JUDGE
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