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Securities and Exchange Commission v. Dowdell

United States District Court, W.D. Virginia, Charlottesville Division

April 2, 2014

SECURITIES AND EXCHANGE COMMISSION, Plaintiff,
v.
TERRY L. DOWDELL, ET AL., Defendants.

ORDER

NORMAN K. MOON, District Judge.

Upon receipt and consideration of the Thirty-Seventh Interim Application for Allowance of Compensation and Expenses for Receiver and Counsel for Receiver (the "Thirty-Seventh Interim Application"), I referred the matter, pursuant to 28 U.S.C. ยง 636(b)(1) and (b)(3), to United States Magistrate Judge Robert S. Ballou for a report and recommended disposition. Judge Ballou has now issued his Report and Recommendation (the "Report") regarding the Thirty-Seventh Interim Application. Upon review of the record, and no objection having been filed to the Magistrate Judge's Report within fourteen days of its service upon the parties, I hereby ADOPT the Report (docket no. 939) in its entirety, and the Thirty-Seventh Interim Application (docket no. 936) is GRANTED, in part, and DENIED, in part, as follows: expenses in the requested amount of $0.00 are approved; the Receiver's fees are approved in a reduced amount of $18, 632.50; and the Receiver is awarded the holdback amount of $3, 726.50.

It is so ORDERED.

The Clerk of the Court is directed to send a certified copy of this order to all counsel of record and to United States Magistrate Judge Robert S. Ballou.


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