Axis Capital, Inc. v. System Solding (USA) Inc. et al

Filing 65

JUDGMENT by Judge Dale S. Fischer. (MD JS-6, Case Terminated). (ah)

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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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AXIS CAPITAL, INC.,

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Plaintiff,

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vs.

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SYSTEM SOLDING (USA) INC. and
CHUNMING LI,

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Defendants.

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) Case No. 2:15-cv-09396- DSF-SP
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) JUDGMENT
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The Court having granted the motion for summary judgment of Plaintiff Amur
Equipment Finance, Inc. f/k/a Axis Capital, Inc. (Axis) against defendants System
Solding (USA) Inc. and Chunming Li, asserting claims for breach of finance
agreement, breach of guaranty, and claim and delivery,
IT IS ORDERED, ADJUDGED, AND DECREED that Axis shall recover from
defendant Chunming Li:
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damages in the amount of $202,460.05 through May 9, 2016;

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post-judgment interest at the applicable rate, pursuant to 28 U.S.C.
§1961;

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attorneys’ fees in the amount of $122,457.00 through January 13, 2017;

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and
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costs in the amount of $1,836.12 through January 13, 2017.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Axis shall
have possession of the collateral defined in Axis’ Motion as the Li Blanket Lien
Collateral and that defendant Chunming Li shall turn over possession of the Li
Blanket Lien Collateral to Axis.
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Axis may
apply any net proceeds from the sale, lease, or other disposal of the Li Blanket Lien
Collateral (if any such net proceeds exist) to amounts due from defendant Chunming
Li under this Judgment but such application shall in no way affect Axis’ right to
pursue collection of the full amount due under this Judgment by all available means.
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Axis shall
have all writs of execution and other processes necessary to enforce this Judgment.
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this
Judgment is final for all purposes and there is no just reason for delay.
The Court reserves jurisdiction to determine whether Axis is entitled to further
attorneys’ fees, litigation expenses, or costs from defendant Chunming Li, should
Axis timely apply for same.

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DATED:

3/23/17

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HON. DALE S. FISCHER
Judge of the United States District Court

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