Immersive Mgmt. Holdings v. Indigo Dragon Grp. (UK)

Full title: IMMERSIVE MANAGEMENT HOLDINGS LLC, Petitioner, v. INDIGO DRAGON GROUP (UK…

Court: United States District Court, Central District of California

Date published: Apr 12, 2022

2:21-cv-08895-FMO-GJS (C.D. Cal. Apr. 12, 2022)

Opinion

2:21-cv-08895-FMO-GJS

04-12-2022

IMMERSIVE MANAGEMENT HOLDINGS LLC, Petitioner, v. INDIGO DRAGON GROUP (UK) LTD., Respondent.

Hon. Fernando M. Olguin

Petition Filed: November 11, 2021

JUDGMENT

Hon. Fernando M. Olguin

JUDGMENT

This Court, having granted Petitioner Immersive Management Holdings LLC's (“IMH”) Petition to Confirm Arbitration Award against Respondent Indigo Dragon Group (UK), Ltd. (“IDGL”) now hereby orders that IMH shall have and recover from IDGL judgment as follows:

a) Indigo Dragon Group (UK) Ltd. shall pay to Immersive Management Holdings LLC $45,000,000.00;

b) Indigo Dragon Group (UK) Ltd. and Immersive Management Holdings LLC will each own 50% of the equity interests of Culture Fusion and have mutual approval over the business of Culture Fusion; and

c) Indigo Dragon Group (UK) Ltd. shall pay to Immersive Management Holdings LLC Immersive Management Holdings LLC's fees and costs in the amount of $130,900.96.