Financial Network Investment Corp et al v. Kayvan Karoon et al

Filing 38

JUDGMENT by Judge Dale S. Fischer: The arbitration award is confirmed and Respondents cross-petition to vacate the arbitration award is dismissed with prejudice. Judgment is entered in favor of Financial Network Investment Corp.and against Respondent s, jointly and severally, in the amount of $528,834.63 (anamount inclusive of interest through July 19, 2011), plus continuing interest accruing at the rate of $137.00 per day from July 20, 2011 until the date that this Judgment is entered, plus post-judgment interest thereafter at the rate prescribed by 28 U.S.C. § 1961(a). Costs are awarded to Financial Network Investment Corp. in an amount to be taxed by the Clerk. Attorneys fees are awarded to Financial Network Investment Corp. in an amount to be determined through a separate motion. (MD JS-6, Case Terminated). (ir)

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JS 6

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UNITED STATES DISTRICT COURT

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CENTRAL DISTRICT OF CALIFORNIA

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FINANCIAL NETWORK
INVESTMENT CORP., ING
ADVISORS NETWORK, JACK R.
HANDY, JR., JOHN SIMMERS, and
AL JOHNSON,

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Petitioners,
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v.
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KAYVAN KAROON and KAROON )
CAPITAL MARKETS, INC.,
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Respondents.
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______________________________ )

Case No.: CV 10-09844-DSF (JCGx)
(Consolidated with CV 11-0906-DSF
(JCGx))
JUDGMENT

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This matter came before the Court, the Honorable Dale S. Fischer presiding,
on a motion to confirm an arbitration award. Judgment is entered as follows:
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The arbitration award is confirmed and Respondents’ cross-petition

to vacate the arbitration award is dismissed with prejudice.
2.

Judgment is entered in favor of Financial Network Investment Corp.

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and against Respondents, jointly and severally, in the amount of $528,834.63 (an

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amount inclusive of interest through July 19, 2011), plus continuing interest

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accruing at the rate of $137.00 per day from July 20, 2011 until the date that this
Judgment is entered, plus post-judgment interest thereafter at the rate prescribed

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by 28 U.S.C. § 1961(a).
3.

Costs are awarded to Financial Network Investment Corp. in an

amount to be taxed by the Clerk.
4.

Attorney’s fees are awarded to Financial Network Investment Corp.

in an amount to be determined through a separate motion.

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Dated: 8/1/11
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Honorable Dale S. Fischer
United States District Judge

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