Latinamerican Theatrical Group LLC v. Swen International Holding

Filing 53

JUDGMENT CONFIRMING INTERNATIONAL ARBITRATION AWARD by Judge Christina A. Snyder: IT IS HEREBY ORDERED AND ADJUDGED that the parties' international arbitration award entered on 1/10/2013 by the Independent Film & Television Alliance (the "A ward") is CONFIRMED against Respondent Swen International Holding, LLC, a/k/a Equatorial Distribution Company, and in favor of Petitioner Latinamerican Theatrical Group, LLC, and Respondent is ordered to pay Petitioner as follows: (1) The sum of $433,867 as contract damages; (2) Interest from the date of the Award at the legal rate of $43,386 per year, pro-rated daily, from the date of the Award on the unpaid balance of the damages awarded, until such damages are paid in full; (3) Attorney's fees and costs in connection with the arbitration proceeding in the amount of $76,296.54; such amount to be paid forthwith; (4) The written agreement dated as of 12/1/2008 between Petitioner and Respondent concerning the exploitation and distribution of the motion picture entitled "13" is hereby deemed in full force and effect, and all rights therein to the Picture shall be retained free and clear for the benefit of Petitioner. See document for details. (gk)