JUDGMENT ON VERIFIED PETITION TO RECOGNIZE, CONFIRM AND ENFORCE FOREIGN ARBITRAL AWARDS

JOHN A. KRONSTADT, District Judge.

This Court has considered the VERIFIED PETITION TO RECOGNIZE, CONFIRM AND ENFORCE FOREIGN ARBITRAL AWARDS (Dkt. 1), hereinafter referred to as "VERIFIED PETITION," which was brought by Petitioners, LINLEY INVESTMENTS, ORPENDALE, LYNCH BAGES LIMITED, WYNATT, CHELSTON (IRELAND) and SPRINGCON, hereinafter collectively referred to as "Petitioners." Briefs were submitted and considered from the Petitioners and from Respondent Jerry Jamgotchian ("Respondent.") Hearings were conducted on June 20, 2011 (Dkt. 40), September 8, 2011 (Dkt. 54) and, following limited and focused discovery, the matter was submitted, along with Supplemental Briefs, on October 17, 2011. On May 11, 2012, the Court issued its Findings of Facts and Conclusions of Law. In accordance with those findings and conclusions and the provisions of Rule 58 of the Federal Rule of Civil Procedure,

IT IS ADJUDGED that:

1. The VERIFIED PETITION TO RECOGNIZE, CONFIRM AND ENFORCE FOREIGN ARBITRAL AWARDS is granted;

2. Petitioners shall have Judgment against Respondent in the amount of $538,154. Said amount shall bear interest at the rate of 8% per annum from April 16, 2014 until the date of payment.

3. The judgment amount includes the sum of the Arbitration Awards — €301,783.25 — and prejudgment interest at the rate of 8% per annum from August 23, 2010 through April 15, 2014 — €88,098.66. The award is based upon the prevailing exchange rate from Euros to U.S. dollars as of April 16, 2014.

4. Petitioners elected by their filing of a single Petition to have the 14 separate Arbitration Awards set forth in their Petition combined into a single judgment against Respondent. Any partial satisfaction of the Judgment by the Respondent will be credited against Respondent's combined single liability on the entire judgment amount. Petitioners shall be solely and exclusively responsible for allocating any and all payments received from Respondent, by virtue of this judgment, among them.

5. Petitioners, as the prevailing party, may submit a bill of costs and file a motion for attorney's fees.

IT IS SO ORDERED.