RCT Growth Partners LLC et al v. Quad Ocean Group Limited et al

Filing 18

FINAL DEFAULT JUDGMENT entered. Case terminated on 5/26/15(Signed by Judge Lee H Rosenthal) Parties notified.(leddins, 4)

IN THE UNITED STATES DISTRICT COURT
FOR THE SOUTHERN DISTRICT OF TEXAS
HOUSTON DIVISION
RCT GROWTH PARTNERS L.L.C. and
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COMMERCIAL FUNDING GROUP, L.L.C. , §
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Plaintiffs,
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VS.
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QUAD OCEAN GROUP LIMITED and
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JAMIE THOMPSON, BARRISTER &
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SOLICITOR,
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Defendants.
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CIVIL ACTION NO. H-14-2242

FINAL DEFAULT JUDGMENT
The Motion for Final Default Judgment, filed by the Plaintiffs, RCT GROWTH PARTNERS,
L.L.C. and COMMERCIAL FUNDING GROUP, L.L.C., (Docket Entry No. 16), is granted.
Default was entered and the Plaintiffs submitted evidence of damages and fees. Based on the
record, the court enters the following:
The Defendant, QUAD OCEAN GROUP LIMITED, defrauded the Plaintiffs, RCT
GROWTH PARTNERS, L.L.C. and COMMERCIAL FUNDING GROUP, L.L.C., and breached
the fiduciary duties owed to the Plaintiffs;
JAIME THOMPSON, BARRISTER & SOLICITOR, breached fiduciary duties he owed to
the Plaintiffs, RCT GROWTH PARTNERS, L.L.C. and COMMERCIAL FUNDING GROUP,
L.L.C.
Judgment is entered in favor of the Plaintiffs, RCT GROWTH PARTNERS, L.L.C. and
COMMERCIAL FUNDING GROUP, L.L.C., and against the Defendants, QUAD OCEAN GROUP
LIMITED and JAMIE THOMPSON, BARRISTER & SOLICITOR, as follows:

a.

The Plaintiffs, RCT GROWTH PARTNERS, L.L.C. and COMMERCIAL FUNDING
GROUP, L.L.C., recover from the Defendants, QUAD OCEAN GROUP LIMITED
and JAMIE THOMPSON, BARRISTER & SOLICITOR, jointly and severally, the
sum of $350,000.00, together with prejudgment interest at the rate of 0.24% from
September 4, 2012 until the date of this judgment;

b.

The Plaintiffs, RCT GROWTH PARTNERS, L.L.C. and COMMERCIAL FUNDING
GROUP, L.L.C., and the Defendant, QUAD OCEAN GROUP LIMITED, exemplary
damages in the amount of $700,000.00 for breach of fiduciary duty and fraud;

c.

The Plaintiffs, RCT GROWTH PARTNERS, L.L.C. and COMMERCIAL FUNDING
GROUP, L.L.C., recover from the Defendant, JAMIE THOMPSON, BARRISTER
& SOLICITOR, exemplary damages in the amount of $700,000.00 for breach of
fiduciary duty;

d.

The Plaintiffs, RCT GROWTH PARTNERS, L.L.C. and COMMERCIAL FUNDING
GROUP, L.L.C., recover from the Defendants, QUAD OCEAN GROUP LIMITED
and JAMIE THOMPSON, BARRISTER & SOLICITOR, jointly and severally,
attorneys’ fees in the amount of $8,424.10; and

e.

Postjudgment interest is payable on all of the above amounts at the rate of 0.24%
from the date this judgment is entered until it is paid.

SIGNED on May 26, 2015, at Houston, Texas.

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Lee H. Rosenthal
United States District Judge

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