JPMorgan Chase Bank, N.A. v. KB Home et al

Filing 361

ORDER Granting 313 Petitioner Focus South Group LLC's Motion to confirm the Arbitration Award. Clerk of Court shall forthwith enter judgment against Respondents KB Homes Nevada, Inc., Coleman-Toll Limited Partnership, Pardee Homes of Nevada, Beazer Homes Holding Corporation, and Meritage Homes of Nevada, Inc. in the sum of $36,815,354.00, from this date until the judgment is satisfied at the rate set by 28 USC 1961. The motion is DENIED as to an award of prejudgment interest. IT I S FURTHER ORDERED that 327 Respondent Meritage Homes of Nevada, Inc and Meritage Homes Corporation's Motion to Partially Vacate Award is DENIED. IT IS FURTHER ORDERED that 323 Respondent's Motion to Vacate the Arbitration Award in Part is DENIED. Signed by Judge Philip M. Pro on 11/2/10. (Copies have been distributed pursuant to the NEF - EDS)

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JPMorgan Chase Bank, N.A. v. KB Home et al Doc. 361 1 2 3 4 5 UNITED STATES DISTRICT COURT 6 DISTRICT OF NEVADA 7 *** 8 JP MORGAN CHASE BANK, N.A., 9 Plaintiff, 10 vs. 11 12 KB HOME, et al., 13 14 15 16 17 18 19 Defendants. AND ALL RELATED ACTIONS 20 21 22 23 24 25 26 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) 2:08-CV-01711-PMP-RJJ BASE FILE 2:08-CV-01717-PMP-RJJ 2:08-CV-01714-PMP-RJJ 2:08-CV-01715-PMP-RJJ 2:08-CV-01709-PMP-RJJ 2:08-CV-01713-PMP-RJJ 2:08-CV-01716-PMP-RJJ 2:09-CV-01154-PMP-RJJ 2:09-CV-01547-PMP-RJJ 2:09-CV-01548-PMP-RJJ 2:09-CV-01549-PMP-RJJ 2:09-CV-01550-PMP-RJJ 2:09-CV-01551-PMP-RJJ 2:09-CV-01552-PMP-RJJ ORDER Before the Court for consideration is the Motion of Focus South Group, LLC to Confirm Arbitration Award (Doc. #313). Also before the Court is the Motion of Defendant Home Builders to Vacate the Arbitration Award In Part (Doc. #323) and the Motion of Defendant Meritage Homes of Nevada, Inc. To Partially Vacate the Arbitration Award, or Alternatively, To Modify or Correct the Award (Doc. #327). Having read and considered the foregoing fully-briefed motions, and Dockets.Justia.com 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 good cause appearing, IT IS THEREFORE ORDERED that Petitioner Focus South Group LLC's Motion to Confirm the Arbitration Award (Doc. #313) is GRANTED and that the Clerk of Court shall forthwith enter judgment against Respondents KB Home Nevada, Inc., Coleman-Toll Limited Partnership, Pardee Homes of Nevada, Beazer Homes Holding Corporation, and Meritage Homes of Nevada, Inc. in the sum of $36,815,354.00, from this date until the judgment is satisfied at the rate set by 28 U.S.C. 1961. To the extent Focus South Group seeks an award of prejudgment interest pursuant to the provisions of N.R.S. 17.130, said motion is DENIED. IT IS FURTHER ORDERED that Respondent Meritage Homes of Nevada, Inc. and Meritage Homes Corporation's Motion to Partially Vacate Award, or Alternatively Motion to Modify or Correct the Award (Doc. #327) is DENIED. IT IS FURTHER ORDERED that Respondent's Motion to Vacate the Arbitration Award In Part (Doc. #323) is DENIED. DATED: November 2, 2010. PHILIP M. PRO United States District Judge 2

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