Opinion
2:20-cv-10738-JAK (MAAx)
06-24-2021
LENDLEASE (US) CONSTRUCTION INC., Petitioner, v. CHINA OCEANWIDE HOLDINGS LIMITED, Respondent.
JUDGMENT
John A. Kronstadt United States District Judge
Judgment is entered in favor of Lendlease (US) Construction Inc. (“Lendlease”) and against China Oceanwide Holdings Limited (“China Oceanwide”) in the amount of $42, 657, 373.95, which is comprised of:
A. The principal amount of $38, 440, 000.00;
B. Pre-judgment interest calculated at $1, 746, 849.81 through November 12, 2020;
C. Pre-judgment interest at the rate of $10, 351.51 per day commencing on November 13, 2020 and continuing through the day before the date of entry of judgment, in an amount to be calculated by the Court totaling $2, 308, 386.73;
D. Attorneys' fees incurred and awarded in the arbitration in the amount of $141, 412.16; and
E. Administrative fees incurred and awarded in the arbitration in the amount of $20, 725.25, all in accordance with the Final Arbitration Award of the American Arbitration Association, dated November 24, 2020.
Lendlease shall also recover against China Oceanwide post-judgment interest calculated pursuant to 28 U.S.C. § 1961 at a rate of .08% per annum commencing on the date of entry of judgment and computed daily to the date of payment.
IT IS SO ORDERED AND ADJUDGED.