The opinion of the court was delivered by: Seybert, District Judge:
Plaintiffs have moved for a default judgment. For the following reasons, that motion is GRANTED.
On March 29, 2010, Plaintiffs commenced this action. Defendant failed to answer Plaintiffs' Complaint or otherwise appear in this litigation. So, on June 7, 2010, Plaintiffs moved for entry of a default judgment. Two days later, the Clerk of the Court certified Defendant's default. On June 14, 2010, the Court referred Plaintiffs' default judgment motion to Magistrate Judge E. Thomas Boyle for his Report and Recommendation ("R&R") concerning whether a default judgment should be entered and what, if any, damages should be awarded.
After considering Plaintiffs' papers and conducting an inquest, Magistrate Judge Boyle then issued, on December 3, 2010, an R&R recommending that a default judgment be entered and that Plaintiffs be awarded certain specified damages and other relief. No party filed any objections to Magistrate Judge Boyle's R&R.
In reviewing an R&R, a district court "may accept, reject, or modify, in whole or in part, the findings and recommendations made by the magistrate judge." 28 U.S.C. § 636(b)(1)(C). If no timely objections have been made, the "court need only satisfy itself that there is no clear error on the face of the record." Urenav.New York, 160 F. Supp. 2d 606, 609-10 (S.D.N.Y. 2001) (internal quotations omitted).
Here, no party objected to Magistrate Judge Boyle's R&R. And the Court finds his R&R to be correct, comprehensive, well-reasoned, and free of any clear error. Accordingly, the Court ADOPTS it in its entirety.
Consequently, the Court awards Plaintiffs a default judgment, and further awards Plaintiffs the following damages:
(1) unpaid withdrawal liability in the amount of $348,489.00; (2) interest in the amount of $22,428.79*fn1 ; (3) liquidated damages in the amount of $69,697.80; (4) attorney's fees in the amount of $12,838.50; (5) actuarial fees in the amount of $4,909.75; and (6) costs in the amount of $715.04, for a total monetary award of $459,078.88, plus post-judgment interest to be calculated and assessed under 28 U.S.C. § 1961.