CGI Technologies and Solutions Inc. v. Bruce Acacio et al, No. 8:2017cv01943 - Document 41 (C.D. Cal. 2019)
Court Description: FINAL JUDGMENT IN A CIVIL ACTION by Judge James V. Selna. The Final Judgment is entered as follows: 1. Defendants are jointly and severally liable to pay damages to CGI in the amount of Three Million Two Hundred Ninety-Three Thousand Sixty-Four and 95/100 dollars ($3,293,064.95), which includes post-judgment interest at the rate of 10% per annum until paid, along with costs. (See Judgment for further information.) (es)
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CGI Technologies and Solutions Inc. v. Bruce Acacio et al Doc. 41 1 2 3 4 5 6 UNITED STATES DISTRICT COURT 7 CENTRAL DISTRICT OF CALIFORNIA 8 9 10 11 12 13 14 CGI TECHNOLOGIES AND SOLUTIONS INC., Plaintiff, v. BRUCE ACACIO; CAROL CONWAY; INFINITE CORPORATION S.A.; INFINITE CORPORATION, Case No. 8:17-cv-01943 JVS (KESx) Honorable Judge James V. Selna FINAL JUDGMENT IN A CIVIL ACTION Defendants. 15 16 FINAL JUDGMENT IN A CIVIL ACTION 17 18 The Honorable Judge James V. Selna decided this action on a motion for 19 default judgment and subsequent submissions filed by Plaintiff CGI 20 Technologies and Solutions Inc. (“CGI”) against Defendants Bruce Acacio 21 (“Acacio”), Carol Conway (“Conway”), Infinite Corporation S.A. (“Infinite 22 S.A.”), and Infinite Corporation (“Infinite”) (together, “Defendants”). 23 Final Judgment is hereby entered in favor of CGI and against Defendants 24 for violation of California’s Uniform Voidable Transactions Act (“UVTA”), 25 Cal. Civ. Code §§ 3439 et seq., based on Defendants’ fraudulent transfers which 26 27 28 were concealed and made with actual intent to hinder, delay, and/or defraud CGI by placing Infinite’s assets beyond the reach of CGI without receiving a 1 FINAL JUDGMENT IN A CIVIL ACTION Dockets.Justia.com 1 reasonably equivalent value in exchange. Defendants’ fraudulent transfers 2 completely depleted Infinite’s assets at a time when CGI had demanded 3 payment and commenced arbitration against Infinite, which amounts to actual 4 fraud. The Final Judgment is entered as follows: 5 6 7 8 9 10 11 12 13 14 1. Defendants are jointly and severally liable to pay damages to CGI in the amount of Three Million Two Hundred Ninety-Three Thousand Sixty-Four and 95/100 dollars ($3,293,064.95), which includes post-judgment interest at the rate of 10% per annum until paid, along with costs; 2. An injunction against further disposition by the Defendants or their transferees of the assets transferred; and 3. CGI is entitled to pursue and/or enforce: a. Avoidance of any and all transfers from Infinite to Acacio, 15 Conway, and/or Infinite S.A., to the extent necessary to 16 satisfy CGI’s claims; 17 b. Attachment against any assets of Defendants; and 18 c. The injunction against further disposition by all Defendants 19 20 21 22 or their transferees of the assets transferred. CGI’s Second Cause of Action against Defendants for Common Law Fraudulent Conveyances is hereby dismissed without prejudice. There are no remaining claims or parties in this action. 23 24 25 26 27 Dated: April 11, 2019 By: Hon. James V. Selna Judge of the United States District Court, Central District of California 28 2 FINAL JUDGMENT IN A CIVIL ACTION
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