Branch Banking And Trust Company v. Rad et al
Filing
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JUDGMENT in favor of Branch Banking And Trust Company against The Estate of Saiid Forouzan, Akbar Rastgoo Damavandi, R. Phillip Nourafchan. Signed by Judge Andrew P. Gordon on 10/13/16. (Copies have been distributed pursuant to the NEF - JM)
Case 2:14-cv-01947-APG-PAL Document 51 Filed 09/27/16 Page 1 of 2
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J. Stephen Peek, Esq.
Nevada Bar No. 1758
Joseph G. Went, Esq.
Nevada Bar No. 9220
HOLLAND & HART LLP
9555 Hillwood Drive, 2nd Floor
Las Vegas, Nevada 89134
Tel: (702) 669-4600
Fax: (702) 669-4650
jspeek@hollandhart.com;
jgwent@hollandhart.com
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Attorneys for Plaintiff
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THE UNITED STATES DISTRICT COURT
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FOR THE DISTRICT OF NEVADA
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BRANCH BANKING AND TRUST
COMPANY, a North Carolina banking
corporation,
CASE NO: 2:14-cv-01947-APG-PAL
JUDGMENT
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Plaintiff,
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v.
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THE ESTATE OF SAIID FOROUZAN RAD
AND AKBAR RAGSTOO DAMAVANDI;
PHILLIP NOURAFCHAN, an individual; and
DOES 1 through 10, inclusive.
Defendants.
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Based upon the order of this Court on file herein as ECF No. 50, which is incorporated
herein by reference:
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IT IS HEREBY ORDERED AND ADJUDGED that as of September 27, 2016, the
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amount due and owing to Plaintiff Branch Banking and Trust Company from the above-
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captioned Defendants pursuant to the terms of the loan documents that are the subject of this case
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is $46,049,177.47, comprised of principal in the amount of $33,461,408.21 and accrued interest
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in the amount of $12,587,769.26, which was calculated pursuant to the non-default interest rate
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of 4.75%. The outstanding balance shall accrue interest at the per diem rate of $4,415.04 from
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September 28, 2016 until the date of the entry of this judgment.
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Case 2:14-cv-01947-APG-PAL Document 51 Filed 09/27/16 Page 2 of 2
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IT IS FURTHER ORDERED AND ADJUDGED that judgment is hereby entered in
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favor of Plaintiff BRANCH BANKING AND TRUST COMPANY and against the above-
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captioned Defendants THE ESTATE OF SAIID FOROUZAN RAD AND AKBAR
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RAGSTOO DAMAVANDI, and PHILLIP NOURAFCHAN, jointly and severally, in the
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amount of $46,049,177.47, together with interest accruing from September 27, 2016.
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IT IS FURTHER ORDERED AND ADJUDGED that the judgment amount shall
accrue interest at the legal rate from the date of the entry of this judgment until it is paid in full.
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IT IS FURTHER ORDERED AND ADJUDGED that Plaintiff Branch Banking and
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Trust is entitled to reasonable attorneys’ fees and costs in the amount to be determined by this
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Court. If Branch Banking and Trust Company seeks to recover those fees and costs, it shall file a
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motion with appropriate documentation within 14 days of entry of this judgment.
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ANDREW P. GORDON
UNITED STATES DISTRICT JUDGE
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Dated: October 13, 2016
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9145799_1
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