Summary
explaining that the plaintiff had secured a judgment from one defendant and settled with four other defendants
Summary of this case from Johnson v. Advanced Air Sols.Opinion
Case No. 2:14-07060-SJO-MRWx
09-26-2016
LIU AIFANG, ET AL., Plaintiffs, v. VELOCITY VIII L.P., et al., Defendants.
FINAL JUDGMENT
Upon review of the court files, the applications for default judgment, the declarations submitted in support of the default judgment, and the evidence presented having been fully considered, it is hereby ordered and adjudged that Plaintiffs Liu Aifang, Jin Bixia, Su Yan, Zhu Jingbo, Xu Jing, Gao Jinliang, Gou Xiaoye, Wang Hongmei, Xin Bin, Tan Yanting, Tao Qing, Lu Tsui-Hua, Chen Xiaoyan, Chen Jianxiu, Zhou Jun, and Xian Hao ("Plaintiffs") shall have JUDGMENT in their favor and against defaulting Defendants Velocity VIII L.P., REO Group Properties, LLC, Wendy Ko, Ning-Lee Ko, and Y&C Builder Inc. (collectively, "Defendants"), jointly and severally, as follows:
IT IS HEREBY ORDERED AND ADJUDGED THAT Plaintiffs are awarded a monetary judgment against Defendants jointly and severally in the sum of $8,000,000.
IT IS HEREBY FURTHER ORDERED AND ADJUDGED THAT, pursuant to California Civil Code section 3287(a), Plaintiffs shall recover froM Defendants jointly and severally pre-judgment interest at a rate of seven percent per annum, which shall accrue from October 9, 2015 until the date of entry of Final Judgment.
IT IS HEREBY FURTHER ORDERED AND ADJUDGED THAT, pursuant to 28 U.S.C. section 1961(a), the total amount of this judgment shall bear post-judgment interest at a rate of 0.60 percent from the date of entry of Final Judgment. IT IS SO ORDERED. Dated: September 26, 2016
/s/_________
S. JAMES OTERO
UNITED STATES DISTRICT JUDGE