Abrams v. UY Trading Ltd. et al

Filing 132

ORDER: The last sentence of the Court's March 15, 2024 order is amended to read as follows: "However, plaintiff's counsel shall hold as a trustee for defendants, and neither transfer nor dispose of, the proceeds plaintiff obtains from that enforcement in escrow until the Motion to Vacate Judgment is resolved." (Signed by Judge Louis L. Stanton on 3/27/2024) (rro)

ORIGINAL
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
MARCUS ABRAMS,
Plaintiff,
- against -

20 Civ. 05174

UY TRADING LTD. (#10020400), UY
TRADING LTD. (#10086420), SEP
CONSULTING LTD., SANDRA PIEDRABUENA,
RUSSELL ABRAMS, TITAN CAPITAL GROUP
LLC, TITAN CAPITAL GROUP III, LP, and
TITAN CAPITAL GROUP III, LP EMPLOYEE
INCENTIVE PLAN,

(LLS)

ORDER

Defendants.

The last sentence of the Court's March 15, 2024 order is
amended to read as follows: "However, plaintiff's counsel shall
hold as a trustee for defendants, and neither transfer nor
dispose of, the proceeds plaintiff obtains from that enforcement
in escrow until the Motion to Vacate Judgment is resolved."
So ordered.
Dated:

New York, New York
March tl, 2024
LOUIS L. STANTON
U.S.D.J.

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UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK

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MARCUS ABRAMS,

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., ..- · - -

Plaintiff,
- against -

20 Civ. 05174

UY TRADING LTD. (#10020400), UY
TRADING LTD. (#10086420), SEP
CONSULTING LTD., SANDRA PIEDRABUENA,
RUSSELL ABRAMS, TITAN CAPITAL GROUP
LLC, TITAN CAPITAL GROUP III, LP, and
TITAN CAPITAL GROUP III, LP EMPLOYEE
INCENTIVE PLAN,

(LLS)

ORDER

Defendants.
A hearing to show cause why an order should not be made
vacating the default j .udgment entered against defendants on
September 7, 2023 and the award of attorneys' fees entered
against defendants on November 6, 2024 (the "Motion to Vacate
Judgement") shall be held on April 3, 2024 at 2:00 pm.
Opposition papers are due March 29, 2024. Any reply papers
are due April 2, 2024.
Pending the hearing and determination of the Motion to
Vacate Judgment, plaintiff is not restrained from enforcing the
default judgment. However, plaintiff shall hold as a trustee for
his brother, and neither transfer nor dispose of, the proceeds
plaintiff obtains from that enforcement until the Motion to
Vacate Judgment is resolved.

1

J

So ordered.
Dated:

New York, New York
March~, 2024
LOUIS L. STANTON
U.S.D.J.