Opinion
[PROPOSED] ORDER APPROVING SUPERSEDEAS BOND PURSUANT TO RULE 62 OF THE FEDERAL RULES OF CIVIL PROCEDURE
WILLIAM ALSUP, District Judge.
On July 10, 2014, the Court entered the Order Granting Attorney's Fees and Costs in the above-captioned action against Plaintiff David John Teece in the amount of $233, 111.54 (Dkt. No. 80). On July 25, 2014, Plaintiff filed a notice of appeal from this Order (Dkt. No. 81). Pursuant to Rule 62 of the Federal Rules of Civil Procedure, Plaintiff has obtained a valid supersedeas bond (attached hereto as Exhibit A) in the amount of $349, 667.31, equaling 150% of the total amount of the Order. Thus, the bond is sufficient to ensure that Plaintiff's obligations to Defendants under the Order will be met if his appeal of the Order is not successful.
Accordingly, it is HEREBY ORDERED that the signed supersedeas bond of the Plaintiff is approved. The Clerk is directed to enter the supersedeas bond as attached.
It is HEREBY FURTHER ORDERED that execution of the Order is stayed pending appeal.
EXHIBIT A