Filed: Mar. 31, 2014
Latest Update: Mar. 31, 2014
Summary: ORDER ADOPTING MAGISTRATE JUDGE'S MEMORANDUM, RECOMMENDATION, AND ORDER ON INJUNCTIVE RELIEF SIM LAKE, District Judge. Having reviewed the Magistrate Judge's Memorandum, Recommendation, and Order on Injunctive Relief and the objections thereto, the court is of the opinion that said Magistrate Judge's Memorandum, Recommendation, and Order on Injunctive Relief should be adopted by this court. It is, therefore, ORDERED that the Memorandum and Recommendation is hereby ADOPTED by this court.
Summary: ORDER ADOPTING MAGISTRATE JUDGE'S MEMORANDUM, RECOMMENDATION, AND ORDER ON INJUNCTIVE RELIEF SIM LAKE, District Judge. Having reviewed the Magistrate Judge's Memorandum, Recommendation, and Order on Injunctive Relief and the objections thereto, the court is of the opinion that said Magistrate Judge's Memorandum, Recommendation, and Order on Injunctive Relief should be adopted by this court. It is, therefore, ORDERED that the Memorandum and Recommendation is hereby ADOPTED by this court. ..
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ORDER ADOPTING MAGISTRATE JUDGE'S MEMORANDUM, RECOMMENDATION, AND ORDER ON INJUNCTIVE RELIEF
SIM LAKE, District Judge.
Having reviewed the Magistrate Judge's Memorandum, Recommendation, and Order on Injunctive Relief and the objections thereto, the court is of the opinion that said Magistrate Judge's Memorandum, Recommendation, and Order on Injunctive Relief should be adopted by this court.
It is, therefore, ORDERED that the Memorandum and Recommendation is hereby ADOPTED by this court.
Defendants United LNG Holdings, LLC and Stephen P. Payne are ENJOINED from:
a. taking any action to diminish UL Marine/United Marine Holdings, Ltd.'s ("UMHL") equity stake in the maritime components of the floating liquified natural gas proj ect, in particular, transferring maritime assets or rights to participate in maritime activities covered by the Letter of Agreement ("LOA") to any other entity other than UMHL until the dispute between the parties is resolved in arbitrationi and
b. reassigning or reselling Marsoft's exclusive brokerage roles under the LOA until the dispute between the parties is resolved in arbitration.
Marsoft will post a bond of $100,000 by April 7, 2014.
Although this action has been stayed pending the completion of arbitration, the court RETAINS jurisdiction over enforcement of this order.
The Clerk shall send copies of this Order to the respective parties.
