Securities and Exchange Commission v. Gallagher et al, No. 3:2019cv00575 - Document 212 (N.D. Tex. 2020)

Court Description: ORDER Adopting 211 Findings and Recommendations. IT IS FURTHER ORDER-ED that the Receiver is authorized to execute a special warranty deed and such other documents as may be necessary to sell and convey the Weatherford Property for the sale price of $300,000.00 (Ordered by Senior Judge Sam R Cummings on 10/5/2020) (oyh)

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Securities and Exchange Commission v. Gallagher et al Doc. 212 IN THE LINITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF TEXAS DALLAS DIVISION SECURITIES AND EXCHANGE COMMISS]ON, ) ) ) Plaintitl-. ) ) ) ) WILLIAM NEIL "DOC" GALLAGHER, GALLAGHER FINANCIAL GROUP, INC and W. NEIL GALLAGHER, Ph.D. AGENCY, INC,, Defendants. ) ) ) ) ) ) Civil Action No. 3: I 9-CV-0575-C ORDER' Before the Court are the Findings, Conclusions, and Recommendation ofthe United States Magistrate Judge therein advising the Cout that the Receiver's sale of the Weatherford Property is in the best interest ofthe Receivership Estate and that the Receiver has fully complied with the mandates imposed pursuant to 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 of the Court. IT IS FURTHER ORDERED that the Receiver's proposed sale of the real property located at 6750 FM 1 189, Weatherford, Texas 76087, for the sum of$300,000.00 and no overbids having been received, upon receipt ofactual cash proceeds received after payment ofall I The Court need not wait for the filing ofobjections to Ih€ Magistrate Judge's Findings' Conclusions, and Recommendation as any objections to the sale ofthe Dublin property should have been submitted in the form ofa l0 percent overbid. Dockets.Justia.com contractual obligations under the contract for thc sale ofthe Receivership Property, and good cause having been found, is hereby CONFIRMED. IT IS FURTHER ORDER-ED that the Receiver is authorized to execute a special warranty deed and such other documents as may be necessary to sell and convey the Weatherford Property for the sale price o f SO ORDERED lhis $3oro0.oo I duy ofOclober,2020 I II, S t( 1 )l{ GS D STATES DI CT JUDGE

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