Branch Banking And Trust Company v. Rad et al
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
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
Attorneys for Plaintiff
THE UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF NEVADA
BRANCH BANKING AND TRUST
COMPANY, a North Carolina banking
CASE NO: 2:14-cv-01947-APG-PAL
THE ESTATE OF SAIID FOROUZAN RAD
AND AKBAR RAGSTOO DAMAVANDI;
PHILLIP NOURAFCHAN, an individual; and
DOES 1 through 10, inclusive.
Based upon the order of this Court on file herein as ECF No. 50, which is incorporated
herein by reference:
IT IS HEREBY ORDERED AND ADJUDGED that as of September 27, 2016, the
amount due and owing to Plaintiff Branch Banking and Trust Company from the above-
captioned Defendants pursuant to the terms of the loan documents that are the subject of this case
is $46,049,177.47, comprised of principal in the amount of $33,461,408.21 and accrued interest
in the amount of $12,587,769.26, which was calculated pursuant to the non-default interest rate
of 4.75%. The outstanding balance shall accrue interest at the per diem rate of $4,415.04 from
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
IT IS FURTHER ORDERED AND ADJUDGED that judgment is hereby entered in
favor of Plaintiff BRANCH BANKING AND TRUST COMPANY and against the above-
captioned Defendants THE ESTATE OF SAIID FOROUZAN RAD AND AKBAR
RAGSTOO DAMAVANDI, and PHILLIP NOURAFCHAN, jointly and severally, in the
amount of $46,049,177.47, together with interest accruing from September 27, 2016.
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.
IT IS FURTHER ORDERED AND ADJUDGED that Plaintiff Branch Banking and
Trust is entitled to reasonable attorneys’ fees and costs in the amount to be determined by this
Court. If Branch Banking and Trust Company seeks to recover those fees and costs, it shall file a
motion with appropriate documentation within 14 days of entry of this judgment.
ANDREW P. GORDON
UNITED STATES DISTRICT JUDGE
Dated: October 13, 2016
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