Opinion
Case No. 1:18-cv-2859
11-20-2020
M. AMMAR ALKATIB, Plaintiff, v. PROGRESSIVE PARALEGAL SERVICES, LLC, et al., Defendants.
OPINION & ORDER
[Resolving Doc. 46] :
In this employment dispute, the Court enforced a $200,388.76 damages and attorney fees arbitration award for Plaintiff. The Court then entered a judgment lien against Defendants and denied Defendants' motion to stay the judgment.
Doc. 34.
Doc. 36; Doc. 45.
Defendants now appeal and move to stay the judgment under Federal Rule of Civil Procedure 62(b). Plaintiff does not object to the requested stay if an appropriate supersedeas bond is posted. Plaintiff asks for a $400,000 supersedeas bond, twice the arbitration award judgment amount. Defendants reply and request a lower bond.
Doc. 46; Doc. 47.
Doc 49.
Doc. 52.
The Court GRANTS Defendants' stay motion provided Defendants obtain an appropriate $300,000 supersedeas bond. This amount balances the parties' interests in preserving the $200,000 judgment with mounting interest, Plaintiff's appellate attorney fees and administrative costs, and Defendants' ability to proceed with their appeal.
In re Cardizem CD Antitr. Litig., 391 F.3d 812, 818 (6th Cir. 2004) (affirming a similar supersedeas bond).
IT IS SO ORDERED Dated: November 20, 2020
s/ James S . Gwin
JAMES S. GWIN
UNITED STATES DISTRICT JUDGE