IMPALA PLATINUM HOLDINGS LIMITED et al v. A-1 SPECIALZED SERVICES & SUPPLIES, INC. et al

Filing 386

ORDER THAT COUNSEL FOR IMPALA AND KUMAR SHALL PROMPTLY DISCUSS THE POSTING OF SURETY BY KUMAR AS OUTLINED HEREIN. COUNSEL SHALL SUBMIT A JOINT PROPOSED ORDER, OR SEPARATE ORDERS, NO LATER THAN 5/23/2017.. SIGNED BY HONORABLE MICHAEL M. BAYLSON ON 5/16/2017. 5/16/2017 ENTERED AND COPIES MAILED, E-MAILED.(kp, )

IN THE UNITED STATES DISTRICT COURT
FOR THE EASTERN DISTRICT OF PENNSYLVANIA

IMPALA PLATINUM HOLDINGS
LIMITED, et al.

CIVIL ACTION
NO. 16-1343

v.
A-1 SPECIALIZED SERVICES AND
SUPPLIES, INC., et al.
ORDER
AND NOW this 16th day of May, 2017, based on the foregoing Memorandum re: Stay of
Execution, the Court ORDERS:
1.

Counsel for Impala and Kumar shall promptly discuss the posting of surety by

Kumar. If Kumar does not agree to either the security suggested by Impala, or to post other
assets, or a supersedeas bond valued at $13 million, the Court is likely to lift the stay of
execution, which may entitle Impala to execute on the judgment entered based on the jury’s
verdict, notwithstanding the pendency of post-trial motions.
2.

Counsel shall submit a joint proposed order, or separate orders, no later than May

23, 2017. Further argument may held at the hearing now scheduled for May 24, 2017. The
Court intends to rule promptly. In the meantime, neither party shall take any steps that might
impact the rights of another party.
BY THE COURT:

/s/ Michael M. Baylson
MICHAEL M. BAYLSON
United States District Court Judge
O:\CIVIL 16\16-1343 Impala v. A-1\Order on Memo re Stay of Execution.docx