Branch Banking And Trust Company v. Rad et al

Filing 67

ORDER granting 66 Motion Charging Judgment Debtor Membership Interest in RPN LLC and Judgment Debtor the Estate of Saiid Forouzan Rad and Akbar Ragstoo Damavandi's Stock in Forouzan, Inc. Signed by Judge Andrew P. Gordon on 5/16/2017. (Copies have been distributed pursuant to the NEF - JM)

Case 2:14-cv-01947-APG-PAL Document 66-1 Filed 04/28/17 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: [phone]
Fax: [phone]
[e-mail];
[e-mail]

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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

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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.

ORDER CHARGING JUDGMENT
DEBTOR PHILLIP NOURAFCHAN’S
MEMBERSHIP INTEREST IN RPN LLC
AND JUDGMENT DEBTOR THE
ESTATE OF SAIID FOROUZAN RAD
AND AKBAR RAGSTOO
DAMAVANDI’S STOCK IN FOROUZAN,
INC.

Defendants.

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On April 28, 2017, Branch Banking and Trust Company (“BB&T”) filed its motion (the
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“Motion”) for an order charging the membership interest of Defendant / Judgment Debtor Phillip

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Nourafchan (“Nourafchan”) in RPN LLC, a Nevada limited liability company (“RPN”), and

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Defendant / Judgment Debtor The Estate of Saiid Forouzan Rad and Akbar Ragstoo

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Damavandi’s, Special Administrator (the “Estate”) (together with Nourafchan, the “Judgment

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Debtors”), stock in Forouzan Inc., a Nevada corporation (“Forouzan”), with payment of the

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unsatisfied judgment against Nourafchan and the Estate that was entered in this action. This

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Court, having been fully advised in the premises and good cause appearing, hereby orders as

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follows.

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IT IS HEREBY ORDERED:
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1.

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A charging order is hereby entered in favor of BB&T and shall be enforced in

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accordance with NRS 86.401 against the limited liability company interest of Nourafchan in

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RPN.

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2.

A charging order is hereby entered in favor of BB&T and shall be enforced in

accordance with NRS 78.746(1) against the stock of the Estate in Forouzan.
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The charging order shall constitute a lien on the Judgment Debtors’ ownership

interests in RPN and Forouzan upon entry of this order.
4.

Any distribution on account of Nourafchan’s limited liability company interest in

RPN shall be paid over to BB&T or its attorneys until such time as Nourafchan has satisfied all
of his payment obligations to BB&T pursuant to the judgment entered herein. See ECF No. 52.
5.

Any distribution on account of the Estate’s stock in Forouzan shall be paid over to

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BB&T or its attorneys until such time as the Estate has satisfied all of his payment obligations to

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BB&T pursuant to the judgment entered herein. Id.

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IT IS SO ORDERED:
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COURT
UNITED STATES DISTRICT JUDGE JUDGE
Dated: May 16, 2017.
DATED: ______________________________

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