Kutayba Y. Alghanim v. Bassam Y. Alghanim

Filing 55

JUDGMENT AGAINST RESPONDENT BASSAM Y. ALGHANIM by Judge Michael W. Fitzgerald. IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that judgment be entered in favor of Petitioner and against Respondent as follows: Respondent shall pay Petitioner: $31, 360,254.36 under the Seventh Award; $122,590 in attorneys' fees $4,847.42 in costs; $927,507.45 in prejudgment interest; Post-judgment interest to accrue at the rate of 5.19% compounded annually on the entire amount of the judgment, which is $32,415,199.23. (iv)

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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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Kutayba Y. Alghanim,

No. 2:23-cv-10196-MWF-JDE

Petitioner,
v.
Bassam Y. Alghanim,

JUDGMENT AGAINST
RESPONDENT BASSAM Y.
ALGHANIM

Respondent.
On March 19, 2024, the Court GRANTED Petitioner Kutayba Y.
Alghanim’s Petition to Confirm a Foreign Arbitration Award. (Prior Order, Docket

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No. 45). In the Prior Order, the Court confirmed the foreign arbitration award in

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the amount of $31,360,254.36 and awarded Petitioner attorney fees and other costs,

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prejudgment interest, and post-judgment interest. (Id. at 4–5). The Court ordered

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Petitioner to file a motion pursuant to Rule 54(d) to address the amount of the

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attorneys’ fees and other costs that he sought. (Id. at 5).

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On May 8, 2024, the Court GRANTED Petitioner’s Motion for Attorney
Fees and Costs. (Docket No. 54).
Good cause having been shown and pursuant to Federal Rule of Civil
Procedure 54, IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that
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judgment be entered in favor of Petitioner and against Respondent as follows:
Respondent shall pay Petitioner:

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1. $31,360,254.36 under the Seventh Award;

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2. $122,590 in attorneys’ fees

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3. $4,847.42 in costs;

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4. $927,507.45 in prejudgment interest;

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5. Post-judgment interest to accrue at the rate of 5.19% compounded

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annually on the entire amount of the judgment, which is $32,415,199.23.
IT IS FURTHER ORDERED that this Court retains jurisdiction over any
matter pertaining to this judgment.

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DATED: May 8, 2024

____________________________
MICHAEL W. FITZGERALD
United States District Judge

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