Elevation Franchise Ventures, LLC v. Rosario et al, No. 1:2013cv00719 - Document 14 (E.D. Va. 2013)

Court Description: ORDER, the Court hereby adopts and incorporates the findings and recommendations of the Magistrate Judge. Accordingly, it is hereby ORDERED that the Court CONFIRMS the arbitration award issued on April 22, 2013 [Doc. No. 2-1]; and it is further ORDE RED that the petitioner's motion for default judgment [Doc. No. 10] be, and the same hereby is GRANTED; and it is further ORDERED that judgment be, and the same hereby is, entered against the respondents, jointly and severally, in favor of petit ioner Elevation Franchise Ventures, LLC in the following amounts: $76, 164.48 in liquidated damages; $46,300.39 in attorneys fees and expenses; $20,861.50 in arbitration costs; for a total of $143,326.37, with simple interest on t hese amounts accruing at a rate of 18% per annum from the April 22, 2013 date of the award until paid in full. (See Order For Details). Signed by District Judge Anthony J Trenga on 11/6/13. (Copies Mailed 11/7/13 As Directed)(nhall) (Main Document 14 replaced on 11/7/2013 To Reflect Parties As Petitioner & Respondents) (nhall).