COMMODITY FUTURES TRADING COMMISSION
v.
OASIS INTERNATIONAL GROUP, LIMITED
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The court adopted the Magistrate Judge's report and recommendation, granting the Receiver's motion for a second interim distribution.
The Magistrate Judge filed a report and recommendation concerning the Receiver's motion to approve a second interim distribution. No objections were f…
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This matter is before the Court on consideration of United States Magistrate Judge Sean P. Flynn's Report and Recommendation (Doc. # 808), filed on March 22, 2024, recommending that the Receiver's Motion to Approve Second Interim Distribution (Doc. # 805) be granted.
As of the date of this Order, no objections have been filed and the time for filing objections has lapsed. The Court accepts and adopts the Report and Recommendation and grants the parties' Motion.
Discussion
After conducting a careful and complete review of the findings and recommendations, a district judge may accept, reject or modify the magistrate judge’s report and recommendation. 28 U.S.C. § 636(b)(1); Williams v. Wainwright, 681 F. 2d 732 (11th Cir. 1982). In the absence of specific objections, there is no requirement that a district judge review factual findings de novo, Garvey v. Vaughn, 993 F. 2d 776, 779 n.9 (11th Cir. 1993), and the court may accept, reject or modify, in whole or in part, the findings and recommendation. 28 U.S.C. § 636(b)(1)(C). The district judge reviews legal conclusions de novo, even in the absence of an objection. See Cooper-Houston v. S. Ry. Co., 37 F. 3d 603, 604 (11th Cir. 1994); Castro Bobadilla v. Reno, 826 F. Supp. 1428, 1431-32 (S.D. Fla. 1993), aff’d, 28 F. 3d 116 (11th Cir. 1994).
After conducting a careful and complete review of the findings, conclusions and recommendations, and giving de novo review to matters of law, the Court accepts the factual findings and legal conclusions of the Magistrate Judge.
Accordingly, it is now
ORDERED, ADJUDGED, and DECREED:
(1) The Report and Recommendation (Doc. # 808) is ACCEPTED and ADOPTED.
(2) The Receiver's Motion to Approve Second Interim Distribution (Doc. # 805) is GRANTED as follows:
a. A second interim distribution of $9 million, as set forth in the Motion and in Exhibit 1, is approved and authorized.
b. The Receiver is authorized to honor requests to change the name of a claimant or payee of a claim if, in the Receiver's discretion, he is provided reasonable proof of the new recipient's right to the distribution.
c. The Receiver is authorized to reissue distribution checks initially made payable to deceased claimants to the appropriate entity or person if, in the Receiver's discretion, he is provided reasonable proof of the new recipient's right to the distribution.
DONE and ORDERED in Chambers in Tampa, Florida, this 8th day of April, 2024.
Kingisi M. Holy Com VIRGINIA M. HERNANDEZ COVINGTON UNITED STATES DISTRICT JUDGE
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Citator
Authorities Cited
- Marina Cooper-Houston v. S. Ry. Co., 37 F.3d 603 (11th Cir. 1994)
- Williams v. Louie L. Wainwright, 681 F.2d 732 (11th Cir. 1982)
- Castro Bobadilla v. Reno, 1993 WL 259424 (S.D. Fla. 1993)