Arkansas, State of v. SVM Inc

Filing 24

ORDER re 23 Hearing after which the defts are ordered to pay fines, penalties, damages, costs and attorney's fees to the State of Arkansas in the amount of $2,890,850.00, plus post-judgment interest at a rate of.22% per annum until paid. Signed by Judge Brian S. Miller on 11/12/10. (bkp)

Arkansas, State of v. SVM Inc

Doc. 24

UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF ARKANSAS WESTERN DIVISION STATE OF ARKANSAS ex rel. DUSTIN McDANIEL, ATTORNEY GENERAL v. CASE NO. 4:09cv00456 BSM PLAINTIFF

SVM, INC., STORED VALUE MARKETING, INC., and BRUCE MIKE MONEYMAKER, a/k/a MIKE MONEYMAKER ORDER

DEFENDANTS

The State of Arkansas's motion for default judgment was granted on October 26, 2010, and the issue of damages was set for hearing. [Doc. No. 21]. At the November 10, 2010 damages hearing, the testimony of Stephen DiGiovanna, an investigator with the Attorney General's Office, established that $2,890,850.00 in fines, penalties, damages, costs and attorney's fees is reasonable. Accordingly, defendants are hereby ordered to pay fines, penalties, damages, costs and attorney's fees to the State of Arkansas in the amount of $2,890,850.00, plus post-judgment interest at a rate of .22% per annum until paid. IT IS SO ORDERED this 12th day of November, 2010.

________________________________ UNITED STATES DISTRICT JUDGE

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