Securities and Exchange Commission v. Gallagher et al, No. 3:2019cv00575 - Document 136 (N.D. Tex. 2020)

Court Description: Order Adopting Findings and Recommendations re: 135 Findings and Recommendations on Motion re: 125 MOTION Appointment of Appraisers, Approval of Appraisals of Certain Real Property and Setting Hearing Regarding Approval of Sale. It is ORDERED tha t the Receiver's proposed sale of the real property located at 504 S. First Avenue, Stephenville, Texas 76401, for the sum of $99,500.00, and no overbids having been received, upon receipt of actual cash proceeds received after payment of all contractual obligations under the contract for the sale of the Receivership Property, and good cause having been found, is hereby CONFIRMED. (Ordered by Senior Judge Sam R Cummings on 3/10/2020) (ykp)

Download PDF
Securities and Exchange Commission v. Gallagher et al Doc. 136 IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF TEXAS DALLAS DIVISION SECURITIES AND EXCHANGE COMMISSION, ) ) ) Plaintill. ) ) ) ) WILLIAM NEIL "DOC" GALLAGHER, GALLAGHER FINANCIAL GROUP, INC. and W. NEIL GALLAGHER, Ph.D. AGENCY, INC., ) ) ) ) ) Defendants. ) Civil Action No. 3:19-CV-0575-C ORDER' Before the Court are the Findings, Conclusions, and Recommendation ofthe United States Magistrate Judge therein advising the Court that the Receiver's sale of the Stephenville Property is in the best interest of the Receivership Estate and that the Receiver has fully complied with the mandates imposed pursuant 28 U.S.C. $ 2001 . The Court has reviewed the Findings, Conclusions, and Recommendation for clear error and finds none. It is therefore ORDERED that the Findings, Conclusions, and Recommendation are hereby ADOPTED as the findings and conclusions ofthe Court. IT IS FURTHER ORDERED that the Receiver's proposed sale of the real property located at 504 S. First Avenue, Stephenville, Texas 76401, for the sum of$99,500.00, and no overbids having been received, upon receipt of actual cash proceeds received after payment of all I The Cou,t need not wait for the filing ofobjections to the Magistrate Judge's Report and Recommendation as any objections to the sale ofthe Stephenville property should have been submitted in the form of a I0 percent overbid. Dockets.Justia.com contractual obligations under the contract for the sale ofthe Receivership Property, and good cause having bccn found, is hcreby CONFIRMED. IT IS FURTHER ORDERED that the Receiver is authorized to execute a special warranty deed and such other documents as may be necessary to sell and convey the Stephenville Property lor the sales nrice of$99;f,00.00. So ORDERED ,,n;r, l0 'auy of March. 2020 ,| ln .?"44""?',,l I SA C R GS D STATES ( ,.) CT JUDGI]

Some case metadata and case summaries were written with the help of AI, which can produce inaccuracies. You should read the full case before relying on it for legal research purposes.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.