Young Poong USA Corporation v. Young Poong Paper Manufacturing Company LTD

Justia Dockets & Filings Ninth Circuit Arizona District Court Young Poong USA Corporation v. Young Poong Paper Manufacturing Company LTD

Young Poong USA Corporation v. Young Poong Paper Manufacturing Company LTD

Plaintiff:	Young Poong USA Corporation
Defendant:	Young Poong Paper Manufacturing Company Limited
Case Number:	2:2017cv02434
Filed:	July 20, 2017
Court:	US District Court for the District of Arizona
Office:	Phoenix Division Office
County:	Maricopa
Presiding Judge:	Deborah M Fine
Nature of Suit:	Other Contract
Cause of Action:	28 U.S.C. § 1332
Jury Demanded By:	None

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Date Filed	Document Text
August 30, 2018	Filing 33 ORDER ADOPTING REPORT AND RECOMMENDATION: The Report and Recommendation of Magistrate Judge Deborah M. Fine 32 is accepted. IT IS FURTHER ORDERED that Plaintiff's motion for default judgment (Docs. 19 , 28 ) be granted, that judgment be awa rded against Defendant on Count I, breach of contract (December 2015 Agreement) and Count II, breach of the implied covenant of good faith and fair dealing (December 2015 Agreement), and that judgment on Counts I and II be entered in the amount of $1,732,426.70 USD (2,000,000,000 KRW), together with statutory interest of $236,370.72 USD for the period between February 1, 2017 and June 14, 2018; and that judgment also be entered against Defendant on Count III, breach of contract ( 2010 Supply Agreement) and Count IV, breach of the implied covenant of good faith and fair dealing (2010 Supply Agreement), and that judgment on Counts III and IV be entered in the amount of $148,713.29 USD, together with statutory interest o f $17,884.86 USD. IT IS FURTHER ORDERED that Plaintiff be awarded prejudgment interest accruing at a daily rate of $474.64 USD for each day after June 14, 2018 until the date of judgment on the judgment awarded for Counts I and II; and tha t Plaintiff be awarded prejudgment interest accruing at a daily rate of $40.74 USD for each day after June 14, 2018 until the date of judgment on the judgment awarded for Counts III and IV. IT IS FURTHER ORDERED that Plaintiff's motion f or attorneys' fees (Doc. 20 ) and amended/supplemental motion for attorneys' fees (Doc. 29 ) each be granted and that judgment be entered against Defendant for reasonable attorneys' fees in the amount of $39,112.20 USD. IT IS FURTHER ORDERED that judgment be entered for Plaintiff and against Defendant for costs incurred in this matter, totaling $513.88 USD. IT IS FURTHER ORDERED that Plaintiff be awarded post-judgment interest pursuant to 28 U.S.C. § 1961. IT IS FURTHER ORDERED that the Clerk of Court enter judgment in accordance with this Order and terminate this case. Signed by Senior Judge Stephen M McNamee on 8/30/2018. (REK)

Date Filed

Document Text

August 30, 2018

Filing 33 ORDER ADOPTING REPORT AND RECOMMENDATION: The Report and Recommendation of Magistrate Judge Deborah M. Fine 32 is accepted. IT IS FURTHER ORDERED that Plaintiff's motion for default judgment (Docs. 19 , 28 ) be granted, that judgment be awa rded against Defendant on Count I, breach of contract (December 2015 Agreement) and Count II, breach of the implied covenant of good faith and fair dealing (December 2015 Agreement), and that judgment on Counts I and II be entered in the amount of $1,732,426.70 USD (2,000,000,000 KRW), together with statutory interest of $236,370.72 USD for the period between February 1, 2017 and June 14, 2018; and that judgment also be entered against Defendant on Count III, breach of contract ( 2010 Supply Agreement) and Count IV, breach of the implied covenant of good faith and fair dealing (2010 Supply Agreement), and that judgment on Counts III and IV be entered in the amount of $148,713.29 USD, together with statutory interest o f $17,884.86 USD. IT IS FURTHER ORDERED that Plaintiff be awarded prejudgment interest accruing at a daily rate of $474.64 USD for each day after June 14, 2018 until the date of judgment on the judgment awarded for Counts I and II; and tha t Plaintiff be awarded prejudgment interest accruing at a daily rate of $40.74 USD for each day after June 14, 2018 until the date of judgment on the judgment awarded for Counts III and IV. IT IS FURTHER ORDERED that Plaintiff's motion f or attorneys' fees (Doc. 20 ) and amended/supplemental motion for attorneys' fees (Doc. 29 ) each be granted and that judgment be entered against Defendant for reasonable attorneys' fees in the amount of $39,112.20 USD. IT IS FURTHER ORDERED that judgment be entered for Plaintiff and against Defendant for costs incurred in this matter, totaling $513.88 USD. IT IS FURTHER ORDERED that Plaintiff be awarded post-judgment interest pursuant to 28 U.S.C. § 1961. IT IS FURTHER ORDERED that the Clerk of Court enter judgment in accordance with this Order and terminate this case. Signed by Senior Judge Stephen M McNamee on 8/30/2018. (REK)

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Plaintiff: Young Poong USA Corporation
Represented By:	Daniel S Ho
Represented By:	Jennifer Soo Jung Lee-Cota
Represented By:	Bruce Edward Samuels
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Defendant: Young Poong Paper Manufacturing Company Limited
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