Filed: Feb. 14, 2018
Latest Update: Feb. 14, 2018
Summary: ORDER ENTERING CONFESSED JUDGMENT CORMAC J. CARNEY , District Judge . WHEREAS Plaintiffs JBP SERVICES, P.C., a California Corporation, and JAMES B. PICKELL, as Trustee for JBP SERVICES, P.C. PROFIT SHARING 401(k) PLAN, a qualified retirement plan, (hereinafter collectively referred to as "Plaintiffs") on the one hand, and Defendants MICHAEL MURPHY, an individual, and Defendant AHTOVATION, INC., a Delaware Corporation (hereinafter collectively referred to as "Defendants") on the other hand,
Summary: ORDER ENTERING CONFESSED JUDGMENT CORMAC J. CARNEY , District Judge . WHEREAS Plaintiffs JBP SERVICES, P.C., a California Corporation, and JAMES B. PICKELL, as Trustee for JBP SERVICES, P.C. PROFIT SHARING 401(k) PLAN, a qualified retirement plan, (hereinafter collectively referred to as "Plaintiffs") on the one hand, and Defendants MICHAEL MURPHY, an individual, and Defendant AHTOVATION, INC., a Delaware Corporation (hereinafter collectively referred to as "Defendants") on the other hand, s..
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ORDER ENTERING CONFESSED JUDGMENT
CORMAC J. CARNEY, District Judge.
WHEREAS Plaintiffs JBP SERVICES, P.C., a California Corporation, and JAMES B. PICKELL, as Trustee for JBP SERVICES, P.C. PROFIT SHARING 401(k) PLAN, a qualified retirement plan, (hereinafter collectively referred to as "Plaintiffs") on the one hand, and Defendants MICHAEL MURPHY, an individual, and Defendant AHTOVATION, INC., a Delaware Corporation (hereinafter collectively referred to as "Defendants") on the other hand, settled the above-captioned action on or about November 20, 2017, pursuant to a written "SETTLEMENT AGREEMENT AND MUTUAL RELEASE" (hereinafter referred to as the "Settlement Agreement");
WHEREAS Defendants executed a confession to judgment to be entered upon any Default, as that term is defined in section 2(B) of the Settlement Agreement; and
WHEREAS Plaintiffs and Defendants executed a Stipulated Request for Entry of Consent Judgment against Defendants;
WHEREAS Defendants are in Default;
IT IS THEREFORE ORDERED, ADJUDGED, AND DECREED THAT:
1. The Court finds for Plaintiffs, and against Defendants; and,
2. Plaintiffs shall have and recover from Defendants MICHAEL MURPHY, and AHTOVATION, INC., a Delaware Corporation, jointly and severally, a judgment in the sum of FIFTY-SIX THOUSAND TWO HUNDRED AND SIXTEEN AND NO 0/100 DOLLARS ($56,216.00), plus pre-judgment at the penalty rate of 18% per annum from the date of default, plus attorneys' fees and costs incurred by Plaintiffs in entering and enforcing the money judgment after its entry.r its entry.