MEMORANDUM AND ORDER
WHITMAN KNAPP, SENIOR DISTRICT JUDGE
On December 11, 1997, Magistrate Judge Andrew J. Peck issued a Report and Recommendation ("the Report") recommending that we grant plaintiffs' uncontested motion for summary judgment against defendants Steven Hoffenberg, Marvin Basson, Arthur Ferro and Charles Chugerman based on their convictions on guilty pleas to criminal violations of the security laws. No objections have been filed.
Finding the Report reasonable, we adopt it in its entirety. Accordingly, plaintiffs' motion is granted; the Clerk is directed to enter judgment in the amount of $ 250,000 against each of these four defendants.
New York, New York
January 8, 1998
WHITMAN KNAPP, SENIOR U.S.D.J.
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