Filed: Nov. 18, 2014
Latest Update: Nov. 18, 2014
Summary: AMENDED JUDGMENT MICHAEL W. FITZGERALD, District Judge. Petitioner China Natural Pharmaceutical Holdings Company Limited's Petition to Confirm Arbitration Award came on regularly for hearing on October 20, 2014. The Court, having read and considered the papers, and having heard the arguments of counsel, issued an Order confirming the Arbitration Award and entering judgment on October 23, 2014. (Docket No. 17). The parties thereafter disagreed as to the calculation of costs, and a telephonic he
Summary: AMENDED JUDGMENT MICHAEL W. FITZGERALD, District Judge. Petitioner China Natural Pharmaceutical Holdings Company Limited's Petition to Confirm Arbitration Award came on regularly for hearing on October 20, 2014. The Court, having read and considered the papers, and having heard the arguments of counsel, issued an Order confirming the Arbitration Award and entering judgment on October 23, 2014. (Docket No. 17). The parties thereafter disagreed as to the calculation of costs, and a telephonic hea..
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AMENDED JUDGMENT
MICHAEL W. FITZGERALD, District Judge.
Petitioner China Natural Pharmaceutical Holdings Company Limited's Petition to Confirm Arbitration Award came on regularly for hearing on October 20, 2014. The Court, having read and considered the papers, and having heard the arguments of counsel, issued an Order confirming the Arbitration Award and entering judgment on October 23, 2014. (Docket No. 17). The parties thereafter disagreed as to the calculation of costs, and a telephonic hearing was held on October 29, 2014. Pursuant to the Court's Order on October 29, 2014, the parties then submitted a Joint Report Regarding Confirmation of Arbitration Award on November 12, 2014.
The Court now AMENDS its judgment to reflect the agreement of the parties as to the amounts owed in U.S. dollars pursuant to the Arbitrator's Award. This Amended Judgment SUPERSEDES the judgment entered by the Court in the last paragraph of its Order dated October 23, 2014. The parties may not reference or rely on the prior judgment in confirming the Arbitration Award, and are limited to the recovery provided below.
In light of the foregoing, in accordance with the Court's Order dated October 23, 2014, confirming the Arbitration Award, and pursuant to Rule 58(d) of the Federal Rules of Civil Procedure,
IT IS HEREBY ORDERED, ADJUDGED, AND DECREED as follows:
1. The total amount of damages owed by Madison One pursuant to the confirmed Arbitration Award is US $939,443.50.
2. The total interest on the awarded damages owed by Madison One pursuant to the confirmed Arbitration Award is US $171,645.08.
3. The total amount of costs owed by Madison One pursuant to the confirmed Arbitration Award is US $260,028.55.
4. The total amount owed by Madison One for the preparation of the Arbitration Award is US $17,659.30.
