Opinion
8:18-cv-00564-WLH-DFM
09-12-2024
PHILADELPHIA INDEMNITY INSURANCE COMPANY, Plaintiff, v. STEPHOUSE RECOVERY, INC.; GEORGE VILAGUT; MICHAEL BARKER, Defendants.
FINAL JUDGMENT
HON. WESLEY L. HSU UNITED STATES DISTRICT JUDGE
Based on this Court's Orders entered on June 13, 2019 [Dkt. 27], July 23, 2024 [Dkt. 98] and September 5, 2024 [Dkt. 103], IT IS HEREBY ORDERED, ADJUGED AND DECRED that judgment is entered in favor of Plaintiff Philadelphia Indemnity Insurance Company (“Philadelphia”) and against Defendants Stephouse Recovery, Inc. (“Stephouse”) and George Vilagut (“Vilagut”) jointly and severally as follows:
1. Under the third cause of action in the Complaint, Philadelphia is entitled to declaratory relief that it owed no duty to indemnify Stephouse and Vilagut in the underlying Barker action.
2. Under the fifth cause of action in the Complaint, Philadelphia is entitled to recoup from Stephouse and Vilagut the $1 million Philadelphia paid on behalf of both Stephouse and Vilagut to settle the Barker action, plus interest at the rate of 10% per annum starting from the date of payment, May 16, 2018.
3. Both parties bear their own costs of suit.