Judge: Bruce G. Iwasaki, Case: 22STCP03309, Date: 2022-10-20 Tentative Ruling
Case Number: 22STCP03309 Hearing Date: October 20, 2022 Dept: 58
Hearing Date: October
20, 2022
Case Name: G&H
Diversified Manufacturing LP v. Regreen Technologies, Inc., et al.
Case No.: 22STCP03309
Matter: Petition
to Confirm Arbitration Award
Moving Party: Petitioner
G&H Diversified Manufacturing LP.
Responding Party: Unopposed
Tentative
Ruling: The Petition is granted.
G&H
Diversified Manufacturing LP (Petitioner) filed a demand for arbitration
against Regreen Technologies (Respondent), asserting that Respondent breached
the written Settlement Agreement between the parties.
The
agreement required that Respondent pay $2,207,046.00 plus interest and was
reached as part of a federal case. That
case involved breach of contract claims as to six waste processing machines. Petitioner allegedly loaned $1.6 million
dollars to Respondent to obtain one of those machines to disassemble and
prepare a “master 3-D model” of the machine for manufacturing purposes. This would allow Respondent to partner with a
U.S. manufacturing company to build machines under its licenses.
The
arbitrator found in favor of Petitioner and awarded:
1.
A total of Principal plus Interest for
breach of the underlying Settlement Agreement in the amount of $2,136,737.35;
2.
Attorneys’ fees of $1,650;
3.
Costs of the Arbitrator in the amount of
$1,351 plus Arbitration ($1,500 paid by G&H);
4.
10 percent annual interest accruing daily
on the total Arbitration Award from five days after the Arbitration Award is
issue.
UST
Group filed a Petition to Confirm Arbitration Award. No opposition was filed.
Timeliness
No
petition may be served and filed until at least 10 days after service of the
signed copy of the award upon petitioner. (Code Civ. Proc., § 1288.4.)
The
proof of service indicates that Respondent’s counsel was served with the
arbitration award on August 1, 2022. This
petition was filed on September 7. Therefore,
the Petition is timely.
Compliance under Code of Civil
Procedure section 1285.4
Petitioner seeks to confirm an
arbitration award issued by the Honorable Joyce Fahey of Signature Resolution,
LLC.
The Petition complies with Code
Civil Procedure section 1285.4. Petitioner
set forth the substance of the agreement to arbitrate in Paragraph 4(c) of Form
ADR-106 Petition to Confirm Contractual Arbitration Award. (Code Civ. Proc. § 1285.4, subd. (a).) The provision
in Paragraph 13 of the Settlement Agreement provides:
“All
Claims and Obligations arising out of or relating in any way to this Agreement
. . . shall be resolved by submission to binding arbitration before JAMS or
Signature Resolution, at the claimant's choice, in Los Angeles County,
California, before a retired judge or justice.”