Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-2_04-cv-02749/USCOURTS-caed-2_04-cv-02749-3/pdf.json

Nature of Suit Code: 190
Nature of Suit: Other Contract Actions
Cause of Action: 28:1332 Diversity-Other Contract

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IN THE UNITED STATES DISTRICT COURT

FOR THE EASTERN DISTRICT OF CALIFORNIA

GENERAL HOLDING, INC.,

a California corporation, No. CIV.S-04-2749 DFL DAD

 

Plaintiff,

v. ORDER

BANCROFT VENTURES LIMITED,

an Isle of Man corporation,

et al.,

Defendants.

______________________________/

The matter was referred to a United States Magistrate Judge pursuant to 28 U.S.C.

§ 636, et seq., and Local Rule 72-302. 

On November 16, 2005, the magistrate judge filed findings and recommendations

herein which were served on the parties and which contained notice to the parties that any

objections to the findings and recommendations were to be filed within ten days. No objections

to the findings and recommendations have been filed.

The court has reviewed the file and finds the findings and recommendations to be

supported by the record and by the magistrate judge's analysis. Accordingly, IT IS HEREBY

ORDERED that: 

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Case 2:04-cv-02749-DFL-DAD Document 53 Filed 12/07/05 Page 1 of 2
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1. The findings and recommendations filed November 16, 2005, are adopted in

full;

2. Plaintiff’s motion for default judgment is granted;

3. Pursuant to Federal Rule of Civil Procedure 54(b), the court finds no just

reason for delay and directs the entry of default judgment against defendant Bancroft Ventures

Limited (“Bancroft’) on plaintiff’s claims brought against it; and

4. Defendant Bancroft is directed to (1) return to plaintiff 517,705 shares of MDC

Holdings stock, plus any additional shares that may be issued as dividends subsequent to the date

of the judgment entered herein; (2) pay monetary damages of $12,845,755.68; and (3) pay postjudgment interest.

DATED: 12/6/2005

DAVID F. LEVI

United States District Judge

Case 2:04-cv-02749-DFL-DAD Document 53 Filed 12/07/05 Page 2 of 2