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MAGELLAN GROUP INV. v. FIRST INDIGENOUS DEPOSITORY

December 22, 2005.

MAGELLAN GROUP INVESTMENT, LLC, Plaintiff,
v.
FIRST INDIGENOUS DEPOSITORY COMPANY, LLC, Defendant.



The opinion of the court was delivered by: JEFFREY WHITE, District Judge

ORDER ADOPTING REPORT AND RECOMMENDATION RE PLAINTIFFS' MOTION FOR DEFAULT JUDGMENT
The Court has reviewed Magistrate Judge Maria-Elena James' Report and Recommendation re Plaintiff's Motion for Default Judgment. The Court finds the Report correct, well-reasoned and thorough, and adopts it in every respect. Accordingly, default judgment is GRANTED as to Plaintiff's request for a monetary judgment, but is DENIED as to Plaintiff's request for a judgment for possession of the subject collateral. Plaintiff is awarded $543,871.21 in principal and interest through July 28, 2005 and prejudgment interest of $339.47 per day from July 29, 2005 to the entry of judgment.

IT IS SO ORDERED.

20051222

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