Operation Technology Inc v. KLG Systel Ltd et al

Filing 49

JUDGMENT by Judge James V. Selna, in favor of Operation Technology Inc against KLG Systel Ltd in the principal amount of $1,114,362.00, interest in the amount of $0.00, attorneys fees of $0.00, costs of $0.00 for a total judgment of $1,114,362.00. Related to: MOTION to Lift Stay re case pending conclusion of arbitration and for Confirmation of Arbitration Award 37 . (rla)

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UNITED STATES DISTRICT COURT

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CENTRAL DISTRICT OF CALIFORNIA

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OPERATION TECHNOLOGY,
INC., a California corporation,

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Plaintiff,

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vs.

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KLG Systel, Ltd., and DOES 1
through 25 inclusive,

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Defendants.

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CASE NO.: SACV11-00147 JVS (CWx)
JUDGMENT
Judge: Hon. James V. Selna
Courtroom: 10C

The Court has reviewed, considered and granted Plaintiff OPERATION
TECHNOLOGY, INC.’s Motion to Lift Stay and For Confirmation of Arbitration
Award as well as any other matters submitted to it in relation to this matter, and good
cause appearing therefore,
It is hereby ORDERED, ADJUDGED AND DECREED as follows:

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[PROPOSED] FINAL JUDGMENT

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1. The Final Award of Arbitrator rendered on February 18, 2013 and

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submitted to this Court with Plaintiff’s Motion to Lift Stay and For

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Confirmation of Arbitration Award on March 5, 2013, including any

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findings contained therein, is incorporated by reference in this

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Judgment.

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2. The Final Award of Arbitrator is hereby confirmed.

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3. The Clerk shall enter Judgment for PLAINTIFF OPERATION

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TECHNOLOGY, INC. and against DEFEDNANT KLG SYSTEL,

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LTD. on Plaintiff’s First Amended Complaint.

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4. Defendant KLG SYSTEL, LTD. shall pay to Plaintiff OPERATION

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TECHNOLOGY, INC. the sum of USD $1,114,362.00 as damages in

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this litigation.

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5. Interest shall accrue at the rate specified in 28 U.S.C. § 1961 beginning

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on the date of the entry of this Judgment.1

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IT IS SO ORDERED.

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Date: April 8, 2013

__________________________
Hon. James V. Selna
United States District Court Judge

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is the federal post-judgment interest rate found at 28 U.S.C. § 1691. See Fid. Fed.

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Bank, FSB v. Durga Ma Corp., 387 F.3d 1021, 1024 (9th Cir. 2004).

Although the arbitrator specified the higher California statutory rate, the proper rate

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[PROPOSED] FINAL JUDGMENT

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[PROPOSED] FINAL JUDGMENT