Opinion
Case No. 09-06375-TC
08-02-2011
BANK OF AMERICA, N.A., a national banking association Plaintiff, v. DIAMOND WEST LUMBER COMPANY, LLC, et al., Defendants.
Steven A. Miller, OSB# 070654 Brad A. Goergen, OSB# 072638 John T. John, OSB# 092406 GRAHAM & DUNN, PC Attorneys for Bank of America, N.A.
Steven A. Miller, OSB# 070654
Brad A. Goergen, OSB# 072638
John T. John, OSB# 092406
GRAHAM & DUNN, PC
Attorneys for Bank of America, N.A.
JUDGMENT AGAINST DIAMOND WEST LUMBER COMPANY, L.L.C. AND WESTWOOD LUMBER HOLDINGS, INC.
I. JUDGMENT SUMMARY
A Judgment creditor BANK OF AMERICA, N.A. ("Bank"), a national banking association
B Judgment debtors DIAMOND WEST LUMBER COMPANY,
L.L.C., an Oregon limited liability company,
and WESTWOOD LUMBER HOLDINGS,
INC., an Oregon corporation
C Principal judgment amount $ 4,983,063.26
D Interest to date of judgment $ 892,161.76
E Accrual fees $ 3,177.08
F ABL Field Exam fees $ 5,026.66
G Appraisal Fees $ 8,500.00
H Unpaid Attorneys' Fees and Costs $ 56,686.14
I Total Judgment $ 5,948,614.90
J Total judgment shall bear interest post judgment at 0.16% per annum pursuant to 28 U.S.C. 1961.
K Attorney for judgment creditor Steven A. Miller
Graham & Dunn PC
Pier 70 - 2801 Alaskan Way, Suite 300
Seattle, WA 98121
L Attorney for judgment debtors John C. Rothermich
Garvey Schubert Barer
Eleventh Floor
121 S.W. Morrison Street
Portland, OR 97204-3141
II. ORDER
In an order dated June 13, 2011, this Court granted summary judgment in favor of plaintiff Bank of America, N.A., and against defendants Diamond West Lumber Company, L.L.C. and Westwood Lumber Holdings, Inc. Pursuant to Fed. R. Civ. P. 58, the Court hereby approves Plaintiff's and Defendants Diamond West and Westwood Lumber's Stipulation and request to enter judgment against the defendants Diamond West Lumber Company, L.L.C. and Westwood Lumber Holdings, Inc.
ACCORDINGLY, IT IS HEREBY ORDERED that judgment be entered against Diamond West Lumber Company, L.L.C. and Westwood Lumber Holdings, Inc. that comports with the Court's June 13, 2011 opinion and order.
III. JUDGMENT
Pursuant to the Court's order and the terms of the parties' stipulation, JUDGMENT IS HEREBY ENTERED in favor of plaintiff Bank of America, N.A., and jointly and severally against defendants Diamond West Lumber Company, L.L.C. and Westwood Lumber Holdings, Inc. in the total amount of $5,948,614.90, representing the principal amount of $4,983,063.26, plus interest of $ 892,161.76, plus other charges due under the loan documents including accrual fees of $ 3,177.08, ABL field exam fees of $ 5,026.66, and unpaid attorneys' fees and costs of $56,686.14. Any and all rights of Diamond West Lumber Company, L.L.C. and Westwood Lumber Holdings, Inc., in the collateral pledged by Diamond West Lumber Company, L.L.C. pursuant to the loan document are hereby extinguished. Post-judgment interest shall accrue on any outstanding principal balance from June 13, 2011, until paid in full at the rate of 0.16% per annum, in accordance with 28 U.S.C. § 1961.
The Honorable Thomas M. Coffin
Presented By:
GRAHAM & DUNN, PC
Steven A. Miller, OSB #070654
GRAHAM & DUNN PC
Pier 70 - 2801 Alaskan Way ~ Ste. 300
Seattle, WA 97204-3141
Telephone: (206) 624-8300
Fax: (206)340-9599
Email: smiller@grahamdunn.com
Attorneys for Bank of America, N.A.
GARVEY SCHUBERT BARER
John C. Rothermich, OSB # 071685
GARVEY SCHUBERT BARER
Eleventh Floor
121 SW Morrison Street
Portland, OR 98121-1128
Telephone: (503) 228-3939
Fax: (503)226-0259
Email: jrothermich@gsblaw.com
Attorneys for Diamond West Lumber
Company and Westwood Lumber Holdings