From Casetext: Smarter Legal Research

NEW CENTURY BANK v. GULL BROTHERS SOUTH BEACH, LLC

United States District Court, D. Nevada
Dec 6, 2010
Case No. 2:09-CV-1278-PMP-RJJ (D. Nev. Dec. 6, 2010)

Opinion

Case No. 2:09-CV-1278-PMP-RJJ.

December 6, 2010

ERIC W. SWANIS, ESQ., Nevada Bar No. 6840, JASON R. MAIER, ESQ., Nevada Bar No. 8557, GREENBERG TRAURIG, LLP, Las Vegas, Nevada, Attorneys for Receiver Robert McNamara.


ORDER GRANTING RECEIVER'S MOTION FOR APPROVAL OF FINAL REPORT AND TO DISCHARGE AND EXONERATE RECEIVER


Presently before the Court is the Receiver's motion for approval of final report and to discharge and exonerate receiver [#25]. The Court, having reviewed the pleadings and papers on file herein relative to said motion, having reviewed the Receiver's final report, having received no objection or opposition to either the motion or final report, and for good cause appearing,

The Court finds that the Receiver's motion is with merit and should be granted. The Court finds that because the buyer under the terms of the purchase and sale agreement now has title and possession of the Real Property Collateral, there are no longer any receivership assets for the Receiver to administer. Therefore, the Court will approve the Receiver's final report and terminate the receivership. In addition, the Court will immediately discharge the Receiver from his duties in this matter and exonerate him from any liability related thereto. Accordingly,

IT IS HEREBY ORDERED, ADJUDGED AND DECREED that the Receiver's motion for approval of final report and to discharge and exonerate receiver be, and the same is hereby, GRANTED;

IT IS FURTHER ORDERED, ADJUDGED AND DECREED that the Receiver's final report be, and the same is hereby, APPROVED by the Court; and

IT IS FURTHER ORDERED, ADJUDGED AND DECREED that the receivership is hereby terminated and that the Receiver is hereby discharged from his duties in this matter and exonerated from any liability related thereto.

DATED this 6th day of December, 2010.


Summaries of

NEW CENTURY BANK v. GULL BROTHERS SOUTH BEACH, LLC

United States District Court, D. Nevada
Dec 6, 2010
Case No. 2:09-CV-1278-PMP-RJJ (D. Nev. Dec. 6, 2010)
Case details for

NEW CENTURY BANK v. GULL BROTHERS SOUTH BEACH, LLC

Case Details

Full title:NEW CENTURY BANK, an Illinois banking corporation, Plaintiff, v. GULL…

Court:United States District Court, D. Nevada

Date published: Dec 6, 2010

Citations

Case No. 2:09-CV-1278-PMP-RJJ (D. Nev. Dec. 6, 2010)