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MAGELLAN GROUP INV. v. FIRST INDIGENOUS DEPOSITORY

United States District Court, N.D. California


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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