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Inland Concrete Enterprises, Inc. v. Kraft Americas, L.P.

United States District Court, Central District of California
Jun 23, 2021
2:10-cv-1776 VBF (OPx) (C.D. Cal. Jun. 23, 2021)

Opinion

2:10-cv-1776 VBF (OPx)

06-23-2021

INLAND CONCRETE ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN, et al., Plaintiffs, v. KRAFT AMERICAS, L.P., a Limited Partnership; RUNE KRAFT, an individual, and Does 1 through 5, inclusive, Defendants.

Ronald P. Slates, State Bar #43712 Kevin A. Hoang, State Bar #277132 RONALD P. SLATES, A PROFESSIONAL CORPORATION Joseph C. Faucher, State Bar #137353 TRUCKER HUSS Attorneys for Assignee Oldcastle Precast, Inc. n/k/a Oldcastle Infrastructure, Inc.


Ronald P. Slates, State Bar #43712 Kevin A. Hoang, State Bar #277132 RONALD P. SLATES, A PROFESSIONAL CORPORATION Joseph C. Faucher, State Bar #137353 TRUCKER HUSS Attorneys for Assignee Oldcastle Precast, Inc. n/k/a Oldcastle Infrastructure, Inc.

RENEWAL OF JUDGMENT AND ATTORNEY'S FEE AWARD BY CLERK

Honorable Valerie Baker Fairbank, Judge

The Judgment Debtors, Kraft Americas, L.P., a limited partnership ("Judgment Debtor Kraft") and Rune Kraft, an individual (“Judgment Debtor Rune”) (collectively, “Judgment Debtors”), having Judgment entered against them on June 22, 2011, and having an Order Granting Plaintiffs' Motion For Attorney's Fees entered against them on August 2, 2011(hereafter “Attorney's Fee Award);

Plaintiff/ Judgment Creditor Inland Concrete Enterprises, Inc. having merged into Oldcastle Precast, Inc., a Washington corporation on December 15, 2011 and no longer exists as a separate legal entity;

Plaintiffs/ Judgment Creditors Inland Concrete Enterprises, Inc. Employee Stock Ownership Plan (hereafter “Inland ESOP”), and Nicholas L. Saakvitne, as Trustee of Inland ESOP having assigned all their rights, title and interest to the Judgment and Attorney's Fee Award jointly to Inland ESOP and Oldcastle Precast, Inc. on March 15, 2013 and thereafter Inland ESOP distributed its remaining assets and terminated its existence leaving Oldcastle Precast, Inc. the remaining assignee of the Judgment and Attorney's Fee Award;

Oldcastle Precast, Inc. now known as Oldcastle Infrastructure, Inc. having filed an Acknowledgment of the Assignment of Judgment and Attorney's Fee Award and thus becoming the Assignee of record of Plaintiffs/Judgment Creditors;

NOW, upon application of the Assignee Oldcastle Precast, Inc. now known as Oldcastle Infrastructure, Inc. and upon declaration that Judgment Debtors have failed to pay the total amount of said judgment; and that Judgment Debtors are indebted to Plaintiffs/Judgment Creditors.

Judgment against Judgment Debtor Kraft Americas, L.P., a limited partnership and Judgment Debtor Rune Kraft, an individual is hereby renewed in the amount of $3,054,138.79 and Plaintiff/Judgment Creditor Inland Concrete Enterprises, Inc. Employee Stock Ownership Plan shall recover as follows:

a. Total judgment ......................................................................... $3,000,000.00
b. Costs after judgment .............................................................................. $0.00
c. Subtotal (add a and b)..............................................................$3,000,000.00
d. Credits after judgment...........................................................................$0.00
e. Subtotal (subtract d from c).....................................................$3,000,000.00
f. Interest after judgment..................................................................$54,138.79
g. Fee for filing renewal application.........................................................$0.00
h. Total renewed Judgment (add e, f, and g)............................$3,054,138.79

The Attorney's Fee Award against Judgment Debtor Kraft Americas, L.P., a limited partnership and Judgment Debtor Rune Kraft, an individual is hereby renewed in the amount of $564,140.72 and the Assignee of record Oldcastle Precast, Inc. now known as Oldcastle Infrastructure, Inc. shall recover as follows:

a. Total order..................................................................................$552,623.00
b. Costs after order....................................................................................$0.00
c. Subtotal (add a and b).................................................................$552,623.00
d. Credits after order..................................................................................$0.00
e. Subtotal (subtract d from c)........................................................$552,623.00
f. Interest after Order........................................................................$11,517.72
g. Fee for filing renewal application.........................................................$0.00
h. Total renewed Order (add e, f, and g).....................................$564,140.72


Summaries of

Inland Concrete Enterprises, Inc. v. Kraft Americas, L.P.

United States District Court, Central District of California
Jun 23, 2021
2:10-cv-1776 VBF (OPx) (C.D. Cal. Jun. 23, 2021)
Case details for

Inland Concrete Enterprises, Inc. v. Kraft Americas, L.P.

Case Details

Full title:INLAND CONCRETE ENTERPRISES, INC. EMPLOYEE STOCK OWNERSHIP PLAN, et al.…

Court:United States District Court, Central District of California

Date published: Jun 23, 2021

Citations

2:10-cv-1776 VBF (OPx) (C.D. Cal. Jun. 23, 2021)

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