Genesi et al v. International Portfolio, Inc., No. 1:2012cv05462 - Document 11 (S.D.N.Y. 2012)

Court Description: OPINION & ORDER: For the foregoing reasons, Plaintiffs' motion for summary judgment is granted in its entirety. Accordingly, it is hereby: Ordered that Plaintiff Jane Genesi shall have judgment in the amount of $170,000, with prejudgment i nterest calculated by the Clerk of Court at the applicable rate under N.Y. C.P.L.R. 5004. Prejudgment interest on half of this amount, $85,000, should run from November 30, 2011 (the date of the first default under the Letter Agreements), and p rejudgment interest on the remaining amount, $85,000, should run from December 30, 2011 (the date of the second default under the Letter Agreements). Postjudgment interest is to be calculated at the applicable federal rate under 28 U.S.C. 1961( a). It is further Ordered that Plaintiff Raffaella Del Forna shall have judgment in the amount of $230,000, with prejudgment interest calculated by the Clerk of Court at the applicable rate under N.Y. C.P.L.R. 5004. Prejudgment interest on hal f of this amount $115,000, should run from November 30, 2011 (the date of the first default under the Letter Agreements), and prejudgment interest on the remainging amount, $115,000, should run from December 30, 2011 (the date of the second default under the Letter Agreements). Postjudgment interest is to be calculated at the applicable federal rate under 28 U.S.C. 1961(a). It is further Ordered that Plaintiff Siegfried Kovacs shall have judgment in the amount of $86,000, with prejudgment interest calculated by the Clerk of Court at the applicable rate under N.Y. C.P.L.R. 5004. Prejudgment interest on half of this amount, $43,000, should run from November 30, 2011 (the date of the first default under the Letter Agree ments), and prejudgment interest on the remaining amount $43,000, should run from December 30, 2011 (the date of the second default under the Letter Agreements). Postjudgment interest is to be calculated at the applicable federal rate under 28 U.S.C. 1961(a). The Clerk of Court is directed to enter judgment for Plaintiffs and close the case. (Signed by Judge Ronnie Abrams on 11/29/2012) (mro) Modified on 11/29/2012 (mro).