Doublevision Entertainment, LLC v. Navigators Specialty Insurance Company et al

Filing 265

ORDER GRANTING STAY by Hon. William Alsup granting 264 Ex Parte Application.(whalc1, COURT STAFF) (Filed on 8/5/2015)

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IN THE UNITED STATES DISTRICT COURT

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FOR THE NORTHERN DISTRICT OF CALIFORNIA
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For the Northern District of California

United States District Court

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DOUBLEVISION ENTERTAINMENT,
LLC, a Tennessee limited liability
company, as assignee of Commercial
Escrow Services, Inc., a California
corporation, and Antoinette Hardstone, an
individual

ORDER GRANTING STAY
Plaintiff,

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No. C 14-02848 WHA

v.

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NAVIGATORS SPECIALTY
INSURANCE COMPANY, a New York
corporation, THE NAVIGATORS
GROUP, INC., a New York corporation,
and DOES 1 through 50, inclusive,

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Defendants.

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/

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The automatic stay following final judgment in this action expires on August 6.

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Navigators has filed an ex parte application for a temporary stay pending resolution of post-trial

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motions pursuant to Rule 62(b), which permits such stays “[o]n appropriate terms for the

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opposing party’s security.” Navigators attempted, but was unable to obtain a mutually-agreeable

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stipulation from Doublevision that it would not execute on the judgment pending resolution of

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Navigators’ post-trial motions. Navigators is in the process of securing a supersedeas bond in

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the amount of $3,420,000, which represents 150% of the amount of the judgment, as security for

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the judgment pending resolution of post-trial motions and appeal. Navigators asks the Court to

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approve the amount of the bond as sufficient to secure the judgment, but Navigators has not

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provided an estimate for when that bond will issue.

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Good cause shown, Navigators’ motion for a temporary stay pending resolution of its

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Rule 50(b) and Rule 59 motions is GRANTED, and the amount of the supersedeas bond is

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APPROVED. The stay shall remain in effect pending the resolution of any post-trial motions

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unless Navigators fails to secure and post the bond by AUGUST 19.

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IT IS SO ORDERED.

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Dated: August 5, 2015.

WILLIAM ALSUP
UNITED STATES DISTRICT JUDGE

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For the Northern District of California

United States District Court

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