Filed: Nov. 14, 2017
Latest Update: Nov. 14, 2017
Summary: JUDGMENT MARTIN REIDINGER , District Judge . FOR THE REASONS stated in the Order entered simultaneously herewith, IT IS, THEREFORE, ORDERED, ADJUDGED, AND DECREED that the arbitration award, as supplemented, and as attached hereto, is hereby CONFIRMED . In accordance with the confirmation of the final arbitration award, the Plaintiff Raymond V. Bowers shall have and recover against the Defendants Northern Two Cayes Company Limited and Lighthouse Reef Resort Limited an award of $125,000
Summary: JUDGMENT MARTIN REIDINGER , District Judge . FOR THE REASONS stated in the Order entered simultaneously herewith, IT IS, THEREFORE, ORDERED, ADJUDGED, AND DECREED that the arbitration award, as supplemented, and as attached hereto, is hereby CONFIRMED . In accordance with the confirmation of the final arbitration award, the Plaintiff Raymond V. Bowers shall have and recover against the Defendants Northern Two Cayes Company Limited and Lighthouse Reef Resort Limited an award of $125,000,..
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JUDGMENT
MARTIN REIDINGER, District Judge.
FOR THE REASONS stated in the Order entered simultaneously herewith,
IT IS, THEREFORE, ORDERED, ADJUDGED, AND DECREED that the arbitration award, as supplemented, and as attached hereto, is hereby CONFIRMED. In accordance with the confirmation of the final arbitration award, the Plaintiff Raymond V. Bowers shall have and recover against the Defendants Northern Two Cayes Company Limited and Lighthouse Reef Resort Limited an award of $125,000, representing 4% of the $3,125,000 heretofore paid by Puerto Azul Belize, Ltd. ("PABL") to the Defendants as a deposit, binder, security for option or other funds intended by those parties to be a portion of the total consideration paid for the sale of the two islands, and which funds have been retained by the Defendants notwithstanding failure of the transaction to close. In addition to the foregoing relief, the Plaintiff shall have and recover against the Defendants the sum of $80,346.00 as reimbursement of costs and expenses including attorneys' and legal fees, pursuant to the provisions of paragraph 26 of the Listing Contract, for a total award of $205,346.
