Geaux Live Digital, LLC v. Taylor and Ross Entertainment, LLC et al

Filing 72

JUDGMENT in favor of Geaux Live Digital, LLC against Taylor and Ross Entertainment, LLC, Geno Taylor, Ricky Ross. Signed by Judge James J. Brady on 3/26/2014. (LLH)

UNITED STATES DISTRICT COURT
MIDDLE DISTRICT OF LOUISIANA
GEAUX LIVE DIGITAL, LLC
CIVIL ACTION
VERSUS
NO. 11-601-JJB-RLB
TAYLOR AND ROSS ENTERTAINMENT,
LLC, GENO TAYLOR, AND RICK ROSS
JUDGMENT
For written reasons assigned:
IT IS ORDERED that there be judgment herein in favor of Geaux Live Digital, L.L.C.
and against Taylor and Ross Entertainment, L.L.C., Eugene Taylor and Ricky Dornell Ross a/k/a
Rick Ross, jointly and in solido, in the amount of (1) Two Hundred Thousand and 00/100
Dollars ($200,000.00); (2) a coupon interest at the rate of five percent (5%) of the loan amount,
namely the sum of Ten Thousand and 00/100 Dollars ($10,000.00); (3) judicial interest on the
sum of Two Hundred and Ten Thousand and 00/100 Dollars ($210,000.00) from April 29, 2011
until paid; and (4) attorneys’ fees in the amount of ten percent (10%) of the principal and interest
due on the Promissory Note executed on April 30, 2010 until paid in full.
IT IS ORDERED that there be judgment herein in favor of Geaux Live Digital, L.L.C.
and against Taylor and Ross Entertainment, L.L.C., Eugene Taylor and Ricky Dornell Ross a/k/a
Rick Ross, jointly and in solido, in the amount of (1) Two Hundred Thousand and 00/100
Dollars ($200,000.00); (2) a coupon interest at the rate of five percent (5%) of the loan amount,
namely the sum of Ten Thousand and 00/100 Dollars ($10,000.00); (3) judicial interest on the
sum of Two Hundred and Ten Thousand and 00/100 Dollars ($210,000.00) from April 29, 2011
until paid; and (4) attorneys’ fees in the amount of ten percent (10%) of the principal and interest
due on the Promissory Note executed on May 30, 2010 until paid in full.

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IT IS ORDERED that there be judgment herein in favor of Geaux Live Digital, L.L.C.
and against Taylor and Ross Entertainment, L.L.C., Eugene Taylor and Ricky Dornell Ross a/k/a
Rick Ross, jointly and in solido, in the amount of (1) One Hundred Thousand and 00/100 Dollars
($100,000.00); (2) a coupon interest at the rate of five percent (5%) of the loan amount, namely
the sum of Five Thousand and 00/100 Dollars ($5,000.00); (3) judicial interest on the sum of
One Hundred and Five Thousand and 00/100 Dollars ($105,000.00) from April 29, 2011 until
paid; and (4) attorneys’ fees in the amount of ten percent (10%) of the principal and interest due
on the undated promissory note until paid in full.
IT IS ORDERED that there be judgment herein in favor of Geaux Live Digital, L.L.C.
and against Taylor and Ross Entertainment, L.L.C., Eugene Taylor and Ricky Dornell Ross a/k/a
Rick Ross, jointly and in solido, in the amount of Seventy Five Thousand and 00/100 Dollars
($75,000.00) plus judicial interest from April 29, 2011 until paid for the administrative fee owed
under the Loan Agreement executed on April 30, 2010.
IT IS ORDERED that there be judgment herein in favor of Geaux Live Digital, L.L.C.
and against Taylor and Ross Entertainment, L.L.C., Eugene Taylor and Ricky Dornell Ross a/k/a
Rick Ross recognizing Geaux Live Digital, L.L.C.’s special lien and privilege on the Collateral,
which includes the Picture tentatively titled “Untitled Ricky Ross Story”, the first draft of the
screenplay written by Nick Cassvettes dated January 1, 2011, and the other collateral which is
defined more fully in the Security Agreement executed by the parties on April 30, 2010, the
UCC Financing Statement filed June 11, 2010, and the UCC Financing Statement Amendment
filed on October 23, 2012.
IT IS ORDERED that Geaux Live Digital, L.L.C.’s security interest in and to the
“Collateral” and “Picture” described herein above is hereby recognized and Geaux Live Digital,

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L.L.C. is entitled to have the “Collateral” and “Picture” seized and sold to satisfy its claims by
preference and priority over all other persons whomsoever and exercise all rights granted to it in
the Loan Agreement, Security Agreement, Promissory Notes and as available under the laws of
the State of Louisiana.
IT IS FURTHER ORDERED that Geaux Live Digital, L.L.C. is also granted the
following additional remedies against Taylor and Ross Entertainment, L.L.C., Eugene Taylor
and Ricky Dornell Ross a/k/a Rick Ross, which are defined in the Security Agreement executed
by the parties on April 30, 2010 as follows:
a. Allowing Geaux Live Digital, L.L.C. to collect or receive any money or property at
any time payable or receivable on account of or in exchange for, or make any
compromise or settlement deemed desirable with respect to the corporeal and
incorporeal movable property granted to Geaux Live Digital, L.L.C. as security
including the sums due from the documentary and literary rights of the collateral
defined above;
b. Granting Geaux Live Digital, L.L.C. possession of any or all of the corporeal and
incorporeal movable property identified herein above, and given by Taylor and Ross
Entertainment, L.L.C., Eugene Taylor and Ricky Dornell Ross a/k/a Rick Ross to
secure their debt owed to Geaux Live Digital, L.L.C.;
c. That Geaux Live Digital, L.L.C. is hereby granted the right to sell, at its discretion,
any or all of the corporeal and incorporeal movable property given as collateral by
Taylor and Ross Entertainment, L.L.C., Eugene Taylor and Ricky Dornell Ross a/k/a
Rick Ross to satisfy this judgment;
d. That pending sale of the property to satisfy this judgment, Geaux Live Digital, L.L.C.

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be appointed receiver and placed in possession of the corporeal and incorporeal
movable property granted to it by Taylor and Ross Entertainment, L.L.C., Eugene
Taylor and Ricky Dornell Ross a/k/a Rick Ross as collateral for the indebtedness and
entitled to exercise all such powers as is granted to Geaux Live in the Loan
Agreement, Security Agreement, Promissory Notes, Personal Guarantee, and
substantive laws of the State of Louisiana.
IT IS ORDERED that plaintiff Geaux Live Digital, LLC be awarded the taxable costs as
provided by law.
IT IS ORDERED that any and all counterclaims filed by Taylor and Ross
Entertainment, L.L.C., Eugene Taylor, and Ricky Dornell Ross a/k/a Rick Ross against Geaux
Live Digital, L.L.C. are DISMISSED WITH PREJUDICE.
Signed in Baton Rouge, Louisiana, on March 26, 2014.

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JUDGE JAMES J. BRADY
UNITED STATES DISTRICT COURT
MIDDLE DISTRICT OF LOUISIANA

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