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16-4200 - Finkel v. Pomalee Electric Co., Inc. et al

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16-4200 - Finkel v. Pomalee Electric Co., Inc. et al
February 22, 2018
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REPORT AND RECOMMENDATIONS re 14 MOTION for Default Judgment filed by Gerald Finkel. The Court respectfully recommends that the Arbitration Award be CONFIRMED in its entirety and that judgment be entered in accordance with the attached Report and Recommendation. Counsel for the Petitioner is directed to serve a copy of this Report and Recommendation upon the Defendants forthwith by overnight mail and first-class mail and to file proof of such service on ECF.Ordered by Magistrate Judge A. Kathleen Tomlinson on 2/22/2018. (McCuiston, Hannah)
March 14, 2018
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ORDER ADOPTING REPORT AND RECOMMENDATIONS : The Court adopts the February 22, 2018 Report and Recommendation of Judge Tomlinson as if set forth herein. Accordingly, IT IS HEREBY ORDERED that the petition to confirm the October 15, 2015 arbitration award is granted and the Clerk of Court is directed to enter judgment against defendants, jointly and severally, in the amount of $406,756.97, together with prejudgment interest at the rate of 3% compounded annually on $336,147.19 from the date of the award to the entry of judgment. Post judgment interest shall accrue pursuant to 28 U.S.C. ยง 1961. Ordered by Judge Denis R. Hurley on 3/14/2018. (Gapinski, Michele)