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Paschalidis Law Offices
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Minutes | Filed: January 04, 2024 | Entered: January 08, 2024 FAT Brands Inc. v. PPMT Capital Advisors, Ltd. et al
Other Fraud | New York Southern
Show Cause Hearing
Minute Entry for proceedings held before Judge Jesse M. Furman: Show Cause Hearing re Default Judgment held via teleconference on 1/4/2024. Russel Bogart present for Plaintiff. No one present for Defendants. Court reporter present. (ab)
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Order | Filed: January 04, 2024 FAT Brands Inc. v. PPMT Capital Advisors, Ltd. et al
Other Fraud | New York Southern
Order
DEFAULT JUDGMENT: IT IS ORDERED and ADJUDGED that: 1. The Clerk is to enter a FINAL JUDGMENT in this matter on Plaintiff's Fourth Claim For Relief against the SJ Global Defendants directing that Plaintiff Fat Brands, Inc. recover the amount of & #036;4,387,384 in compensatory damages; 2. Plaintiff is entitled to recover prejudgment interest under CPLR 5001(b) at the rate of nine percent per annum, accruing as set forth in the Declaration submitted by Ron Roe, the Vice President of Finance fo r Plaintiff FAT Brands, Inc. (DE 257, p. 7) for a totalamount of prejudgment interest of $1,814,657 as of December 20, 2023, with interest continuing to accrue at the rate of $1,082 per day thereafter over the next sixteen days until Januar y 4, 2024, or for another $17,312; 3. Plaintiff is entitled to Final Judgment on its Fourth Claim For Relief against the SJ Global Defendants in the amount of $6,219,352, together with any post-judgment interest as permitted by law; IT IS F URTHER ORDERED, ADJUDGED AND DECREED that this Court shall retain jurisdiction of this matter for purposes of enforcing the terms of this Judgment. There being no just reason for delay, pursuant to Rule 54 (b) of the Federal Rules of Civil Procedure the Clerk is ordered to enter this Final Judgment on Plaintiffs' Fourth Claim for Relief Against the SJ Global Defendants forthwith and without further notice. As this resolves all claims against all Defendants, the Clerk of Court is directed to close the case. All motions are moot; all conferences are cancelled. The Clerk of Court is directed to terminate ECF No. 256., SJ Global Investments Worldwide, Ltd. and SJ Global Investments, Ltd. terminated. (Signed by Judge Jesse M. Furman on 1/04/2024) (ama)
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Misc | Filed: December 28, 2023 | Entered: December 28, 2023 FAT Brands Inc. v. PPMT Capital Advisors, Ltd. et al
Other Fraud | New York Southern
Notice to Court Regarding Proposed Order
***NOTICE TO COURT REGARDING PROPOSED DEFAULT JUDGMENT. Document No. 266 Proposed Default Judgment was reviewed and approved as to form. (km)
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