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UNITED STATES SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. NOAH STEINBERG, GERSHON TANNENBAUM, JAY M. VERMONTY, Defendants, and CARMEN VERMONTY, Relief Defendant.

OPINION AND ORDER

ALLYNE ROSS, District Judge

The court has received the Report and Recommendation on the instant case dated March 1, 2007, from the Honorable Joan M. Azrack, United States Magistrate Judge. No objections have been filed. Having conducted a review of the record, the court hereby adopts the Report and Recommendation, in its entirety, as the opinion of the court pursuant to 28 U.S.C. § 636(b)(1).

Accordingly, the court grants plaintiff summary judgment as to defendants Gershon Tannenbaum and Jay Vermonty. The court denies plaintiff summary judgment as to defendant Carmen Vermonty. In addition, the court dismisses without prejudice the case against Noah Steinberg.

The court further refers the case to Magistrate Judge Azrack to conduct a damages inquest and issue a report and recommendation pursuant to 28 U.S.C. § 636(b)(1)(B).

SO ORDERED.

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U.S. SECURITIES EXCHANGE COMMISSION v. STEINBERG
(Mar 26, 2007)