Financial Network Investment Corp et al v. Kayvan Karoon et al
| Financial Network Investment Corp, Jack R. Handy, Jr., ING Advisors Network, Al Johnson and John Simmers |
| Kayvan Karoon and Karoon Capital Markets Inc |
| 2:2010cv09844 |
| December 21, 2010 |
| US District Court for the Central District of California |
| Dale S. Fischer |
| Jay C. Gandhi |
| Contract: Other |
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Filing
38
JUDGMENT by Judge Dale S. Fischer: The arbitration award is confirmed and Respondents cross-petition to vacate the arbitration award is dismissed with prejudice. Judgment is entered in favor of Financial Network Investment Corp.and against Respondent s, jointly and severally, in the amount of $528,834.63 (anamount inclusive of interest through July 19, 2011), plus continuing interest accruing at the rate of $137.00 per day from July 20, 2011 until the date that this Judgment is entered, plus post-judgment interest thereafter at the rate prescribed by 28 U.S.C. § 1961(a). Costs are awarded to Financial Network Investment Corp. in an amount to be taxed by the Clerk. Attorneys fees are awarded to Financial Network Investment Corp. in an amount to be determined through a separate motion. (MD JS-6, Case Terminated). (ir)
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