STM Invest S.a.r.l. et al v. 3P Equity Partners, LLC et al
||June 14, 2019
||US District Court for the Central District of California
||Western Division - Los Angeles Office
|Nature of Suit:
|Cause of Action:
||15:15 Antitrust Litigation
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|June 14, 2019
PRELIMINARY INJUNCTION by Judge Consuelo B. Marshall. IT IS HEREBY ORDERED that the Enjoined Parties are restrained and enjoined pending trial of this action or a decision on the merits concluding this action, from spending, using, dispensing, distr ibuting, disbursing, or dissipating any of the cash belonging in or owing to the accounts of AM Ventures LLC and AM Ventures II LLC, including, but not limited to, Citibank Account Nos. XXXXX0569, XXXXX3831, and XXXXX9282; IT IS FURTHER ORDERED THAT pending trial of this action the $8.1 million transferred from AM Ventures LLC and AM Ventures II LLC to the law firms Quinn Emanuel Urquhart & Sullivan, LLP; Sutton, Pakfar & Courtney LLP; and Blackstone Law shall not be spent, used, dispensed, distributed, disbursed, dissipated or drawn from in any way by Defendants or their counsel or agents, and shall instead be placed in an escrow account bearing interest. The parties shall meet and confer on the escrow agent and the terms of escrow. I T IS FURTHER ORDERED THAT this Preliminary Injunction shall be effective immediately, given Plaintiffs have already posted a bond in the amount of $17.9 million, and said bond shall continue throughout the pendency of this preliminary injunction. (shb)
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