Bloomfield Investment Resources Corp v. Daniloff

Filing 110

ORDER OF JUDGMENT Accordingly, it is: ORDERED, ADJUDGED, AND DECREED that: 1. Daniloff shall pay Bloomfield compensatory damages for Daniloff's fraud and breaches of contract in the amount of $18,500,000; 2. Daniloff shall pay Bloomfield pu nitive damages in the amount of $1,000,000; 3. Daniloff shall pay Bloomfield pre-judgment interest on all compensatory damages as calculated in the below table in the amount of $14,909,179; 4. Daniloff shall pay Bloomfield post-judgment i nterest on the full amounts of outstanding compensatory and punitive damages awarded at a rate of 4.91 percent, compounded annually, running from May 24, 2023; and 5. This order shall constitute a final and appealable judgment, and the Court shall retain jurisdiction over any matter pertaining to this judgment, including Bloomfield's motion for attorney's fees and costs, which would be the subject of an additional judgment. SO ORDERED. (Signed by Judge Victor Marrero on 6/1/2023) (jca) Transmission to Finance Unit (Cashiers) for processing.

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
6/1/2023

BLOOMFIELD INVESTMENT
RESOURCES CORP.,

17-cv-4181 (VM) (SC)

Plaintiff,
-against-

ORDER OF JUDGMENT

ELLIOT DANILOFF,

Defendant.

Plaintiff Bloomfield Investment Resources Corporation (“Bloomfield”) brought the instant
action against defendant Elliot Daniloff (“Daniloff”) for fraud, breach of contract, promissory
estoppel, and unjust enrichment on June 7, 2017.
By a Decision and Order, dated May 23, 2023, the Court found that Bloomfield proved its
fraud and breach of contract claims, and found that it is thus entitled to compensatory damages,
punitive damages, prejudgment interest, and post-judgment interest. Accordingly, it is:
ORDERED, ADJUDGED, AND DECREED that:
1.

Daniloff shall pay Bloomfield compensatory damages for Daniloff’s fraud and

breaches of contract in the amount of $18,500,000;
2.

Daniloff shall pay Bloomfield punitive damages in the amount of $1,000,000;

3.

Daniloff shall pay Bloomfield pre-judgment interest on all compensatory damages

as calculated in the below table in the amount of $14,909,179;
Time Period

Principal

Interest Accrued

12/16/2014 – 5/15/2015

$25,000,000

$924,658

5/16/2015 – 12/2/2016

$23,000,000

$3,209,918

12/3/2016 – 5/23/2023

$18,500,000

$10,774,603

4.

Daniloff shall pay Bloomfield post-judgment interest on the full amounts of

outstanding compensatory and punitive damages awarded at a rate of 4.91 percent, compounded
annually, running from May 24, 2023; and
5.

This order shall constitute a final and appealable judgment, and the Court shall

retain jurisdiction over any matter pertaining to this judgment, including Bloomfield’s motion for
attorney’s fees and costs, which would be the subject of an additional judgment.
SO ORDERED

Date: ________________
1 June 2023
New York, New York

_______________________________
Victor Marrero
United States District Judge

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