United States District Court, N.D. California
December 22, 2005.
MAGELLAN GROUP INVESTMENT, LLC, Plaintiff,
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.
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