James Estakhrian v. Mark Obenstine et al

Filing 622

JUDGMENT by Judge Fernando M. Olguin. Judgment shall be entered in favor of plaintiffs on their claims for (1) breach of fiduciary duty; (2) violation of the California Unfair Competition Law, Cal. Bus. & Prof. Code 17200,et seq.; and (5) violation of the California Consumers Legal Remedies Act, Cal. Civil Code 1750, et seq. Defendant Mark Obenstine shall disgorge and pay as restitution to the class members the amount of twelve (12) million dollars he received as attorney's fees in the Watt litigation. (MD JS-6, Case Terminated). (iv)

JS-6

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UNITED STATES DISTRICT COURT

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CENTRAL DISTRICT OF CALIFORNIA

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JAMES ESTAKHRIAN,
Plaintiff,

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v.

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MARK OBENSTINE, et al.,
Defendants.

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Case No. CV 11-3480 FMO (CWx)

JUDGMENT

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Pursuant to the Court’s Findings of Fact and Conclusions of Law, filed contemporaneously
with the filing of this Judgment, IT IS ADJUDGED THAT:

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1. Judgment shall be entered in favor of plaintiffs on their claims for (1) breach of fiduciary

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duty; (2) violation of the California Unfair Competition Law, Cal. Bus. & Prof. Code §§ 17200,

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et seq.; and (5) violation of the California Consumers Legal Remedies Act, Cal. Civil Code §§

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1750, et seq.

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2. Defendant Mark Obenstine shall disgorge and pay as restitution to the class members
the amount of twelve (12) million dollars he received as attorney’s fees in the Watt litigation.

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3. Subject to any allocation for attorney’s fees and costs to be determined at a later date,

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each class member’s share of the net monetary award shall be computed based on the pro rata

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recovery each class member received from the Watt settlement.

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Dated this 26th day of March, 2019.

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/s/
Fernando M. Olguin
United States District Judge