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07-113 - Clay et al v. K. Petrolum, Inc.


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07-113 - Clay et al v. K. Petrolum, Inc.
May 23, 2007
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MEMORANDUM OPINION & ORDER: The Plffs' Motion to Remand this action to state court 5 is DENIED. Motions terminated: 5 MOTION to Remand by F.G. Spoden, Robert G. Strode, Nancy C. Strode, William E. Strode, Kathryn Strode, Garrard P. Kramer, Delores A. Kramer, Mary Lydie Clay, Sydney S. Hendrickson, Daniel Hendrickson, Francis G. Spoden. Signed by Judge Danny C. Reeves. (EHM)cc: COR
June 2, 2008
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OPINION AND ORDER: For the reasons stated, the correct remedy is $3,000 for every unpaid minimum royalty (between assignment and the May 200613 payment) plus 8% interest compounded annually from the date that each royalty payment was due until the date that the Court enters judgment.14 Postjudgmentinterest also applies, as provided in 28 U.S.C. ยง 1961. Signed by Robert E. Wier on 6/2/08.(MRS)cc: COR