Edelman Arts, Inc. v. Spoelstra et al

Filing 127

CLERK'S JUDGMENT re: 126 Order Adopting Report and Recommendations. in favor of Edelman Arts, Inc. against SSR Invest Switzerland, Swiss Business Council, Jason Holloway, Remko Spoelstra in the amount of $ 7,870,060.27. It is hereby ORDERED, ADJUDGED AND DECREED: That for the reasonsstated in the Court's Memorandum Opinion and Order dated March 7, 2021, the Court adopts theReport and Recommendation in all respects except the calculation of the prejudgment interest. TheCler k is directed to enter judgment in favor of the plaintiffs and against the defendants in the amountof $5,700,000, of which $1,000,000 is to be retained in escrow by the Court until the plaintiffpresents evidence that the plaintiff has satis fied the judgment against it in the amount of $1,000,000entered in Edelman Arts, Inc. v. N.Y. Art World, LLC, No. 652017/2018, 2019 WL 6700444 (N.Y.Sup. Ct. Dec. 9, 2019). The judgment should also include prejudgment interest calculated by theCl erk at the annual rate of nine percent from December 15, 2016 to the date judgment is entered.Judgment is entered in the amount of $5,700,000 plus prejudgment interest at the rate of nine percentper annum from December 15, 2016 through the date of entry of judgment, in the amount of$2,170,060.27 for a total sum of $7,870,060.27; accordingly, this case is closed. (Signed by Clerk of Court Ruby Krajick on 3/8/2021) (Attachments: # 1 Notice of Right to Appeal) (dt) Transmission to Finance Unit (Cashiers) for processing.

Case 1:17-cv-04789-JGK-SN Document 127 Filed 03/08/21 Page 1 of 2

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
------------------------------------------------------------X
EDELMAN ARTS, INC.,
Plaintiff,
-against-

17 CIVIL 4789 (JGK)

JUDGMENT

REMKO SPOELSTRA, JASON HOLLOWAY,
SSR INVEST SWITZERLAND, SWISS
BUSINESS COUNCIL and JOHN DOE,

Defendants.
-----------------------------------------------------------X

It is hereby ORDERED, ADJUDGED AND DECREED: That for the reasons
stated in the Court's Memorandum Opinion and Order dated March 7, 2021, the Court adopts the
Report and Recommendation in all respects except the calculation of the prejudgment interest. The
Clerk is directed to enter judgment in favor of the plaintiffs and against the defendants in the amount
of $5,700,000, of which $1,000,000 is to be retained in escrow by the Court until the plaintiff
presents evidence that the plaintiff has satisfied the judgment against it in the amount of $1,000,000
entered in Edelman Arts, Inc. v. N.Y. Art World, LLC, No. 652017/2018, 2019 WL 6700444 (N.Y.
Sup. Ct. Dec. 9, 2019). The judgment should also include prejudgment interest calculated by the
Clerk at the annual rate of nine percent from December 15, 2016 to the date judgment is entered.
Judgment is entered in the amount of $5,700,000 plus prejudgment interest at the rate of nine percent
per annum from December 15, 2016 through the date of entry of judgment, in the amount of
$2,170,060.27 for a total sum of $7,870,060.27; accordingly, this case is closed.

Case 1:17-cv-04789-JGK-SN Document 127 Filed 03/08/21 Page 2 of 2

Dated: New York, New York
March 8, 2021

RUBY J. KRAJICK
_________________________
Clerk of Court
BY:
_________________________
Deputy Clerk