Centennial Bank v. Bakerfield Custom Homes Corp. et al

Middle District of Florida, flmd-8:2017-cv-01721

ORDER granting {{282}} Unopposed Motion to Release the Receiver's Bond, Discharge Steven S. Oscher as Receiver, and Terminate the Receivership. Signed by Judge James D. Whittemore on 7/22/2019. (AKA)

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PageID 2771 UNITED STATES DISTRICT COURT MIDDLE DISTRICT OF FLORIDA TAMPA DIVISION CENTENNIAL BANK, Plaintiff, v. Case No: 8:17-cv-1721-T-27JSS BAKERFIELD CUSTOM HOMES CORP., et al., Defendants. ___________________________________/ ORDER BEFORE THE COURT is the Unopposed Motion to Release the Receiver's Bond, Discharge Steven S. Oscher as Receiver, and Terminate the Receivership (Dkt. 282). "The decision whether to remove a receiver is, like the decision to appoint one, an equitable determination resting in the sound discretion of the district court." See Sec. & Exch. Comm'n v. Spence & Green Chem. Co., 612 F.2d 896, 904 (5th Cir. 1980). In the unopposed motion, Plaintiff states that the Receiver's obligations have been completed and that he has been fully compensated for his services. (Dkt. 282 at p. 4). Upon consideration, the motion is GRANTED. Accordingly, Steven S. Oscher is discharged, the receivership is terminated, and the Clerk is directed to release the Receiver's bond. DONE AND ORDERED this 22nd day of July, 2019. /s/ James D. Whittemore JAMES D. WHITTEMORE United States District Judge Copies to: Counsel of Record; Steven S. Oscher 1