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Cadet Funding, LLC v. Hooser

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK
Aug 24, 2012
11 Civ. 1140 (JPO) (S.D.N.Y. Aug. 24, 2012)

Opinion

11 Civ. 1140 (JPO)

08-24-2012

CADET FUNDING, LLC, Plaintiff, v. EUGENE HOOSER, Defendant.


MEMORANDUM AND ORDER

J. PAUL OETKEN, District Judge:

Plaintiff Cadet Funding LLC ("Cadet"), a litigation funding entity, brought claims for breach of contract and fraud against Defendant Eugene Hooser, a former agent, asserting that he created fictitious cases for Cadet to fund and misappropriated funds. Hooser failed to respond to the Complaint, and the Court entered a default judgment against Hooser on December 14, 2011, for an amount that was to be determined by an inquest. Magistrate Judge Frank Maas subsequently issued a Report and Recommendation ("R & R"), in which he recommends that the Court should award Cadet damages in the amount of $304,982, plus prejudgment interest in the amount of $22,560. No party has filed any objections to the R & R and the time for filing such objections has passed.

This Court "may accept, reject, or modify, in whole or in part, the findings or recommendations" of a magistrate judge. The Court reviews de novo those parts of the R & R to which objections are made and reviews the remainder for clear error. 28 U.S.C. § 636(b)(1); see also Fed.R.Civ.P. 72.

After reviewing Judge Maas's R & R, to which no objections were filed, this Court concludes that there is no clear error and, accordingly, adopts the R & R in its entirety. Cadet is awarded a total of $327,542.

The Clerk of the Court is directed to close the case.

SO ORDERED. Dated: New York, New York

August 24, 2012

______________________

J. PAUL OETKEN

United States District Judge


Summaries of

Cadet Funding, LLC v. Hooser

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK
Aug 24, 2012
11 Civ. 1140 (JPO) (S.D.N.Y. Aug. 24, 2012)
Case details for

Cadet Funding, LLC v. Hooser

Case Details

Full title:CADET FUNDING, LLC, Plaintiff, v. EUGENE HOOSER, Defendant.

Court:UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK

Date published: Aug 24, 2012

Citations

11 Civ. 1140 (JPO) (S.D.N.Y. Aug. 24, 2012)