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Securities/Commodities | Hawaii
Order Adopting Findings and Recommendations Order on Findings and Recommendations
ORDER ADOPTING FINDINGS AND RECOMMENDATION TO DENY DEFENDANTS' MOTION FOR AWARD OF ATTORNEYS' FEES AND COSTS re 70 - Signed by JUDGE LESLIE E. KOBAYASHI on 11/28/2023. (eta)
Findings and Recommendations
FINDINGS AND RECOMMENDATION TO DENY DEFENDANTS' MOTION FOR AWARD OF ATTORNEY'S FEES AND COSTS re 69 - Signed by MAGISTRATE JUDGE ROM TRADER on 10/31/2023. Based on the foregoing, the Court FINDS that the Maui Loan Defendants are not entitled to their attorney fees and costs under 15 U.S.C. § 77k(e) of the Securities Act of 1933 and Haw. Rev. Stat. § 607-14. The Court also FINDS that Maui Loan Defendants failed to comply with the requirements under LR54.2 and thus, the Fee Motion may be denied pursuant to LR54.2(h). Accordingly, the Court RECOMMENDS that the district court DENY the Fee Motion. (eta)
Based on the foregoing, the Court FINDS that the Maui Loan Defendants are not entitled to their attorney fees and costs under 15 U.S.C. § 77k(e) of the Securities Act of 1933 and Haw. Rev. Stat. § 607-14. The Court also FINDS that Maui Loan Defendants failed to comply with the requirements under LR54.2 and thus, the Fee Motion may be denied pursuant to LR54.2(h). Accordingly, the Court RECOMMENDS that the district court DENY the Fee Motion.
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