Linley Investments et al v. Jerry Jamgotchian

Filing 87

JUDGMENT by Judge John A. Kronstadt. IT IS ADJUDGED that: 1. The VERIFIED PETITION TO RECOGNIZE, CONFIRM AND ENFORCE FOREIGN ARBITRAL AWARDS is granted; 2. Petitioners shall have Judgment against Respondent in the amount of$538,154. Said amount shall bear interest at the rate of 8% per annum from April16, 2014 until the date of payment. 3. The judgment amount includes the sum of the Arbitration Awards -- 301,783.25 -- and prejudgment interest at the rate of 8% per annum from Augu st 23, 2010 through April 15, 2014 -- 88,098.66. The award is based upon the prevailing exchange rate from Euros to U.S. dollars as of April 16, 2014. 4. Petitioners elected by their filing of a single Petition to have the 14 separate Arbitration Awa rds set forth in their Petition combined into a single judgment against Respondent. Any partial satisfaction of the Judgment by the Respondent will be credited against Respondents combined single liability on the entire judgment amount. Petitioners s hall be solely and exclusively responsible for allocating any and all payments received from Respondent, by virtue of this judgment, among them. 5. Petitioners, as the prevailing party, may submit a bill of costs and file a motion for attorneys fees. (shb)

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UNITED STATES DISTRICT COURT

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CENTRAL DISTRICT OF CALIFORNIA
LINLEY INVESTMENTS, an Isle of
Man Limited Company;
ORPENDALE, Incorporated in the
Republic of Ireland; LYNCH BAGES
LIMITED, Incorporated in the
Republic of Ireland; WYNATT,
Incorporated in the Republic of Ireland;
CHELSTON (IRELAND),
Incorporated in the Republic of Ireland;
and SPRINGCON, Incorporated in the
Republic of Ireland
Petitioners,
vs.
JERRY JAMGOTCHIAN, an
individual,
Respondent.

Case No. CV 11-00724-JAK
JUDGMENT ON VERIFIED
PETITION TO RECOGNIZE,
CONFIRM AND ENFORCE
FOREIGN ARBITRAL AWARDS

Petition Filed: January 25, 2011
Judge: John A. Kronstadt

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This Court has considered the VERIFIED PETITION TO RECOGNIZE,

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CONFIRM AND ENFORCE FOREIGN ARBITRAL AWARDS (Dkt. 1),

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hereinafter referred to as “VERIFIED PETITION,” which was brought by

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Petitioners, LINLEY INVESTMENTS, ORPENDALE, LYNCH BAGES

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LIMITED, WYNATT, CHELSTON (IRELAND) and SPRINGCON, hereinafter

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collectively referred to as “Petitioners.” Briefs were submitted and considered from

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the Petitioners and from Respondent Jerry Jamgotchian (“Respondent.”) Hearings

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were conducted on June 20, 2011 (Dkt. 40), September 8, 2011 (Dkt. 54) and,

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following limited and focused discovery, the matter was submitted, along with

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Supplemental Briefs, on October 17, 2011. On May 11, 2012, the Court issued its

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Findings of Facts and Conclusions of Law. In accordance with those findings and

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conclusions and the provisions of Rule 58 of the Federal Rule of Civil Procedure,

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IT IS ADJUDGED that:

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1.

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The VERIFIED PETITION TO RECOGNIZE, CONFIRM AND

ENFORCE FOREIGN ARBITRAL AWARDS is granted;
2.

Petitioners shall have Judgment against Respondent in the amount of

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$538,154. Said amount shall bear interest at the rate of 8% per annum from April

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16, 2014 until the date of payment.

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3.

The judgment amount includes the sum of the Arbitration Awards --

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€301,783.25 -- and prejudgment interest at the rate of 8% per annum from August

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23, 2010 through April 15, 2014 -- €88,098.66. The award is based upon the

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prevailing exchange rate from Euros to U.S. dollars as of April 16, 2014.

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4.

Petitioners elected by their filing of a single Petition to have the 14

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separate Arbitration Awards set forth in their Petition combined into a single

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judgment against Respondent. Any partial satisfaction of the Judgment by the

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Respondent will be credited against Respondent’s combined single liability on the

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entire judgment amount. Petitioners shall be solely and exclusively responsible for

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allocating any and all payments received from Respondent, by virtue of this

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judgment, among them.

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5.

Petitioners, as the prevailing party, may submit a bill of costs and file a

motion for attorney’s fees.

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IT IS SO ORDERED.

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DATED:

April 16, 2014

___________________________________
HON. JOHN A. KRONSTADT
U.S. DISTRICT JUDGE

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