ORDER ADOPTING FINDINGS AND RECOMMENDATIONS THAT DEFENDANT'S COUNTERCLAIM BE DISMISSED AND THAT DEFAULT JUDGMENT BE ENTERED IN FAVOR OF PLAINTIFF
On November 14, 2011, the Magistrate Judge issued Findings and Recommendations that Defendant Excalibur Sires, Inc. counterclaim be DISMISSED and that default judgment be ENTERED in favor of Plaintiff JLG Enterprises, Inc. These Findings and Recommendations were served on all parties appearing in the action and contained notice that any objections were to be filed within twenty (20) days after service of the order. No objections were filed.
In accordance with the provisions of 28 U.S.C. § 636 (b)(1)(C), this Court has conducted a de novo review of the case. Having carefully reviewed the entire file, the Court concludes that the Magistrate Judge's Findings and Recommendations are supported by the record and proper analysis.
Accordingly, IT IS HEREBY ORDERED that:
1. The Findings and Recommendations issued November 14, 2011, are ADOPTED IN FULL;
2. JLG's request for a terminating sanction is GRANTED;
3. Excalibur's counterclaim is DISMISSED WITH PREJUDICE;
4. DEFAULT JUDGMENT is ENTERED against Excalibur and in favor of JLG as follows:
a. Monetary damages in the amount of $160,964.51;
b. Interest at 10% in the amount of $18,301.50;
c. Costs associated with the Court approved sale of livestock in the amount of $3,814.06; and
d. Additional costs in the amount of $657.15;
5. The proceeds of the livestock sale currently deposited with the Clerk of the Court in the amount of $30,725.00 (plus any interest) shall be released to JLG and ...