Cohen et al v Jaffe Raitt Heuer & Weiss, P.C., et al
ORDER granting defendants' Motion for Bond to approve amounts and terms of Supersedeas Bonds on Appeal and for Stay of Proceedings to enforce judgment under Fed.R.Civ.P. 62 93 Signed by District Judge George Caram Steeh. (MBea)
UNITED STATES DISTRICT COURT
EASTERN DISTRICT OF MICHIGAN
NEAL COHEN, DAREN CHAFFEE,
AND SSL ASSETS, LLC,
Case No. 16-CV-11484
HON. GEORGE CARAM STEEH
JAFFE, RAITT, HEUER & WEISS, P.C.,
JEFFREY M. WEISS, LEE B. KELLERT
AND DEBORAH L. BAUGHMAN,
ORDER GRANTING DEFENDANTS’ MOTION
TO APPROVE AMOUNTS AND TERMS OF SUPERSEDEAS
BONDS ON APPEAL AND FOR STAY OF PROCEEDINGS
TO ENFORCE JUDGMENT UNDER FED. R. CIV. P. 62 [DOC. 93]
Defendants move for entry of an order approving the amounts and
terms of three supersedeas bonds, together with an order staying
proceedings to enforce this court’s November 1, 2017 Judgment. As
proposed by defendants, the bond amounts include an allowance of
$10,000 costs per judgment, pre-judgment interest from the date of the
filing of the Complaint, April 25, 2016 through the date of Judgment,
November 1, 2017, and post-judgment interest through March 1, 2019.
Plaintiffs concur in all terms with the exception that they urge that the
proposed bonds should incorporate post-judgment interest through
September 1, 2019 to allow more time for anticipated cross-appeals should
this court deny the post-judgment relief sought by defendants.
While the court agrees with plaintiffs’ assessment that one year may
not be adequate to complete the appeals process, it is premature to make
that determination. If appeals are filed and it does not appear that the Sixth
Circuit will issue a final ruling by March 1, 2019, then on or about January
15, 2019 plaintiffs may move for an order extending the terms of the
supersedeas bond. Now, therefore,
IT IS HEREBY ORDERED that the amounts and terms of the three
supersedeas bonds are APPROVED.
IT IS HEREBY FURTHER ORDERED that a stay of proceedings and
execution upon the November 1, 2017 Judgment is ENTERED, to remain
in place until further order of this court.
Dated: January 11, 2018
s/George Caram Steeh
GEORGE CARAM STEEH
UNITED STATES DISTRICT JUDGE
CERTIFICATE OF SERVICE
Copies of this Order were served upon attorneys of record on
January 11, 2018, by electronic and/or ordinary mail.
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