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FILED: NEW YORK COUNTY CLERK 07/28/2023 11:33 PM INDEX NO. 654992/2022
NYSCEF DOC. NO. 115 RECEIVED NYSCEF: 07/28/2023
SUPREME COURT OF THE STATE OF NEW YORK
COUNTY OF NEW YORK
____________________________________________________________________Ç
MARCUS ABRAMS, CLEARWATER VENTURES,
INC. and LISA ABRAMS, individually and in her
Capacity as Trustee for the LISA MARIE ABRAMS
REVOCABLE TRUST, Index No. 654992/2022
Petitioners,
-against-
NOTICE OF APPEAL
RUSSELL ABRAMS, RUSSELLCAR INVESORA
S.A., CROSSTAX, S.A, TAXCORP, S.A., CARCORP,
S.A., RUSSELLCAR S.R.L., ARACAR GROUP HOLDINGS
CORP., ARACAR FINANCIERA, S.A., ARACAR
SERVICIOS, S.A., ARACAR GROUP SPV
I LLC, and ARACAR GROUP SPV II LLC,
Respondents
______________________________________________________________________Ç
PLEASE TAKE NOTICE that respondents Russell Abrams, RussellCar
Invesora S.A., Crosstax S.A., Taxcorp, S.A., Carcorp, S.A., RussellCar S.R.L, Aracar Group
Holdings Corp., Aracar Financiera, S.A., Aracar Servicios, S.A., Aracar Group SPV I LLC, and
70th
Aracar Group SPV II LLC West (COllectively, "Respondents") appeal to the Appellate
Division of the New York State Supreme Court in and for the First Judicial Department from the
Decision and Order of the Honorable Joel M. Cohen dated December June 26, 2023 (the
"Subject Decision and Order"). Respondents appeal from each and every part of the Subject
Decision and Order. A copy of the Subject Decision and Order is annexed hereto.
Dated: New York, New York
July 28, 2023
THE L W OFFICES OF DANIEL
A. SIN PLLC
By:
D A. Singer
Attorneys for Respondents
3rd 18th
630 Avenue, FlOOr
New York, New York 10017
(212) 569-7853
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06/28/2023 04 : 35 PM|
NYSCEF DOC. NO. 110 RECEIVED NYSCEF: 06/26/2023
SUPREME COURT OF THE STATE OF NEW YORK
COUNTY OF NEW YORK: COMMERCIAL DIVISION PART 03M
___________________________________Ç
MARCUS ABRAMS, CLEARWATER VENTURES, INC., INDEX NO. 654992/2022
LISA ABRAMS, LISA ABRAMS,
MOTION DATE N/A
Petitioners,
- V -
MOTION SEQ. NO. 001
RUSSELL ABRAMS, RUSSELLCAR INVERSORA, S.A.,
CROSSTAX, S.A., TAXCORP, S.A., CARCORP, S.A., DECISION ORDER
+ ON
RUSSELLCAR S.R.L., ARACAR GROUP HOLDINGS MOTION
CORP., ARACAR FINANCIERA, S.A., ARACAR
SERVICIOS, S.A., ARACAR GROUP SPV I LLC, ARACAR
GROUP SPV II LLC
Respondents.
________________________________________Ç
HON. JOEL M. COHEN:
The following e-filed documents, listed by NYSCEF document number (Motion 001) 3, 12, 15, 16, 17,
18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44,
45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71,
72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 95, 105, 106,
107, 108, 109
were read on this petition to CONFIRM ARBITRATION AWARD
Upon the foregoing documents, and for the reasons stated on the record following oral
argument on June 9, 2023, it is
ORDERED that Petitioners Marcus Abrams, Clearwater Ventures, Inc., and Lisa
Abrams', individually and in her capacity as Trustee for the Lisa Marie Abrams Revocable Trust
(collectively, "Petitioners"), Petition to Confirm the Arbitration Award is granted and
Respondents Russell Abrams, RussellCar Inversora S.A., Crosstax, S.A., Taxcorp, S.A.,
Carcorp, S.A., RussellCar S.R.L., Aracar Group Holdings Corporation, Aracar Financiera, S.A.,
Aracar Servicios, S.A., Aracar Group SPV I LLC, and Aracar Group SPV III LLC's
654992/2022 ABRAMS, MARCUS ET AL vs. ABRAMS, RUSSELL ET AL Page 1 of 3
MotionNo. 001
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(collectively, "Respondents") Cross-Motion to Vacate the Arbitration Award is denied; it is
further
ORDERED AND ADJUDGED that the Arbitration Award entered in Marcus Abrams,
et al. v. Russell Abrams, et al., Case No. 01-20-0007-3684 before the American Arbitration
Association (the "Arbitration Award") (NYSCEF 2), as clarified by the Arbitrator (NYSCEF 95)
is confirmed, as follows:
1. Petitioners shall recover from Respondents, RussellCar Inversora, S.A., Crosstax,
S.A., Taxcorp, S.A., Carcorp, S.A. and RussellCar S.R.L. (collectively,
"RussellCar and Subsidiaries") and Aracar Group Holdings Corp., Aracar
Financiera, S.A., Aracar Servicios, S.A., Aracar Group SPV I LLC and Aracar
Group SPV II LLC (collectively, "Aracar Entities"), jointly and severally, the sum
of $2,579,321.78, plus interest at 9 percent per annum from the quarterly due
dates in the amount of $360,654.53, for a total of $2,939,976.31, for liability
under the Note;
2. Petitioners shall recover from Respondent, Russell Abrams ("Russell") the sum of
$1,000,000, plus interest at 9 percent per annum.from July 18, 2019 in the amount
of $305,013.70, for a total of $1,305,013.70 based on Russell's guarantee;
3. The maximum amount recoverable by Petitioners under the foregoing two
paragraphs collectively is $2,939,976.31.; and
4. Respondents, jointly and severally, shall also reimburse Petitioners the sum of
$83,500 for arbitration fees and costs.
It is further ORDERED that the Clerk enter judgment accordingly, plus post-Award
prejudgment interest at the statutory rate running from January 6, 2023 to the date of judgment; it
is further
ORDERED that this Court's October 21, 2022, and December 20, 2022 Orders granting
preliminary injunctive relief to Petitioners pending arbitration in Marcus Abrams et al. v. Russell
Abrams, et al., Index No. 658845/2021 (NYSCEF Doc. Nos. 120 and 151 in the 658845/2021
654992/2022 ABRAMS, MARCUS ET AL vs. ABRAMS, RUSSELL ET AL Page 2 of 3
MotionNo. 001
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FILED DOC.
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NEW YORK COUNTY CLERK 06/28/2023 04:35 PM| RECEIVED 07/28/2023
NYSCEF DOC. NO. 110 RECEIVED NYSCEF: 06/26/2023
action) are incorporated herein by reference and extended for a period of 90 days following entry
of judgment confirming the Arbitration Award; and it is further
ORDERED that the parties upload a copy of the transcript of the proceedings to
NYSCEF upon receipt.
This constitutes the Decision and Order of the Court.
2023062 0 36 7B8945 74F37FC43BD1
6/26/2023
DATE JOEL M. COHEN, J.S.C.
CHECK ONE: X CASE DISPOSED NON-FINAL DISPOSITION
X GRANTED DENIED GRANTED IN PART OTHER
APPLICATION: SETTLE ORDER SUBMIT ORDER
CHECK IF APPROPRIATE: INCLUDESTRANSFER/REASSIGN FIDUCIARYAPPOINTMENT REFERENCE
654992/2022 ABRAMS, MARCUS ET AL vs. ABRAMS, RUSSELL ET AL Page 3 of 3
Motion No. 001
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9upreme (Enurt of flye 9tate of Netu §ark
Appellate Binisian: First ijuhitial Bepartment
Informational Statement (Pursuant to 22 NYCRR 1250.3 - Civil
[a])
For Court of OriginaI Instance
MARCUS ABRAMS, CLEARWATER VENTURES, INC. and LISA ABRAMS, individually and in her
Capacity as Trustee for the LISA MARIE ABRAMS REVOCABLE TRUST,
Date Notice of Appeal Filed
- against -
RUSSELL ABRAMS, RUSSELLCAR INVESORA S.A., CROSSTAX, S.A, TAXCORP, S.A., CARCORP, . . .
For.Appellate Division
S.A., RUSSELLCAR S.R.L., ARACAR GROUP HOLDINGS CORP., ARACAR FINANCIERA, S.A.,
ARACAR SERVICIOS, S.A., ARACAR GROUP SPI LLC, and ARACAR GROUP SPV II LLC
O Civil Action O CPLR article 78 Proceeding M Appeal O Transferred Proceeding
O CPLR article 75 Arbitration O Special Proceeding Other O Original Proceedings ¡ CPLR Article 78
O Executive Law § 298
¡ Action Commenced under CPLR 214-g O Habeas Corpus Proceeding
¡ CPLR Article 78
O Eminent Domain O CPLR 5704 Review
O Labor Law 220 or 220-b
O Public Officers Law § 36
O Real Property Tax Law § 1278
¡ Administrative Review ¡ Business Relationships hill Commercial ¡ Contracts
¡ Declaratory Judgment ¡ Domestic Relations ¡ Election Law ¡ Estate Matters
¡ Family Court ¡ Mortgage Foreclosure ¡ Miscellaneous ¡ Prisoner Discipline & Parole
¡ Real Property O Statutory O Taxation ¡ Torts
(other than foreclosure)
Informational Statement - Civil
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FILED: NEW YORK COUNTY CLERK 07/28/2023 11:33 PM INDEX NO. 654992/2022
NYSCEF DOC. NO. 115 RECEIVED NYSCEF: 07/28/2023
AppeaI
Paper Appealed From (Check one only): If an appeal has been taken from more than one order or
judgment by the filing of this notice of appeal, please
indicate the below information for each such order or
judgment appealed from on a separate sheet of paper.
¡ Amended Decree O Determination E Order ¡ Resettled Order
O Amended Judgement O Finding ¡ Order & Judgment ¡ Ruling
¡ Amended Order ¡ Interlocutory Decree ¡ Partial Decree ¡ Other (specify):
¡ Decision ¡ Interlocutory Judgment ¡ Resettled Decree
¡ Decree ¡ Judgment ¡ Resettled Judgment
Court: Supreme Court County: New York
Dated: 06/26/2023 Entered:06/28/23
Judge (name in full): Joel M. Cohen Index No.:654992/2022
Stage: ¡ Interlocutory M Final ¡ Post-Final Trial: ¡ Yes No If Yes: O Jury ¡ Non-Jury
Prior Unperfected Appeal and Related Case Information
Are any appeals arising in the same action or proceeding currently pending in the court? O Yes G No
If Yes, please set forth the Appellate Division Case Number assigned to each such appeal.
Where appropriate, indicate whether there is any related action or proceeding now in any court of this or any other
jurisdiction, and if so, the status of the case:
There is a related action pending before the Supreme Court of the State of New York, County of New York
bearing index no. 658845/2021 from which an appeal is pending in the Appellate Division, First Department
Original Proceeding
Commenced by: O Order to Show Cause E Notice of Petition ¡ Writ of Habeas Corpus Date Filed: 12/23/2022
Statute authorizing commencement of proceeding in the Appellate Division:
Proceeding Transferred Pursuant to CPLR 7804(g)
Court: Choose Court County: Choose Countv
Judge (name in full): Order of Transfer Date:
CPLR 5704 Review of Ex Parte Order:
Court: Choose Court County: Choose County
Judge (name in full): Dated:
Description of Appeal, Proceeding or Application and Statement of Issues
Description: If an appeal, briefly describe the paper appealed from. If the appeal is from an order, specify the relief
requested and whether the motion was granted or denied. If an original proceeding commenced in this court or transferred
pursuant to CPLR 7804(g), briefly describe the object of proceeding. If an application under CPLR 5704, briefly describe the
nature of the ex parte order to be reviewed.
The appeal is from a decision and order in which Petitioners sought to confirm an arbitration award and
Respondents sought inter alia to vacate an arbitration award. The court granted Petitioner's application to
Respondents'
confirm the arbitration award and denied application to vacate the arbitration award.
Informational Statement - Civil
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Issues: Specify the issues proposed to be raised on the appeal, proceeding, or application for CPLR 5704 review, the grounds
for reversal, or modification to be advanced and the specific relief sought on appeal.
Respondents seek to reverse the decision and order confirming the arbitration award in its entirety and,
instead, seek an order vacating the arbitratuion award. The decision and order confirming the abitration
award must be vacated in its entirety as in finding liability and awarding of damages, the arbitrator acted
completely irrationally; acted against public policy; and also acted beyond his authority. Moreover, the
awarding of $2,939,976.31 was completely irrational, against public policy, and in excess of the
arbitrator's authority
Instructions: Fill in the name of each party to the action or proceeding, one name per line. If this form is to be filed for an
appeal, indicate the status of the party in the court of original instance and his, her, or its status in this court, if any. If this
form is to be filed for a proceeding commenced in this court, fill in only the party's name and his, her, or its status in this
court.
No. Party Name Original Status Appellate Division Status
1 Marcus Abrams Petitioner Respondent
2 Clearwater Ventures, Inc. Petitioner Respondent
3 LisaAbrams, andinhercapacityasTrusteefortheLisaMarieAbramsRevocable
individually Trust Petitioner Respondent
4 Russell Abrams Respondent Appellant
5 RussellCar Invesora S.A. Respondent Appellant
6 Crosstax, S.A. Respondent Appellant
7 Taxcorp, S.A. Respondent Appellant
8 Carcorp, S.A. Respondent Appellant
9 RussellCar S.R.L. Respondent Appellant
10 Aracar Group Holdings Corp. Respondent Appellant
11 Aracar Financiera, S.A. Respondent Appellant
12 Aracar Servicios, S.A. Respondent Appellant
13 Aracar Group SPV I LLC Respondent Appellant
14 Aracar Group SPV II LLC Respondent Appellant
15
16
17
18
19
20
informational Statement - Civil
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Instructions: Fill in the names of the attorneys or firms for the respective parties. If this form is to be filed with the
notice of petition or order to show cause by which a special proceeding is to be commenced in the Appellate Division,
only the name of the attorney for the petitioner need be provided. In the event that a litigant represents herself or
Se"
himself, the box marked "Pro must be checked and the appropriate information for that litigant must be supplied
in the spaces provided.
Attorney/Firm Name: Kim & Serritella LLP
Address: 110 W. 40th Street, 10th Floor
City: New York State: New York Zip: 10018 Telephone No: (212) 960-8345
E-mail Address: jserritella@kandslaw.com
Attorney Type: E Retained ¡ Assigned ¡ Government ¡ Pro Se O Pro Hac Vice
Party or Parties Represented (set forth party number(s) from table above)12,3
Attorney/Firm Name: The Law Offices of Daniel A. Singer PLLC
Address: 630 3rd Avenue, 18th Floor
City: New York State: New York Zip:10017 Telephone No: (212) 569-7853
E-mail Address: info@dasingerlaw.com
Attorney Type: E Retained ¡ Assigned ¡ Government ¡ Pro Se ¡ Pro Hac Vice
Party or Parties Represented (set forth party number(s) from table above):
Attorney/Firm Name:
Address:
City: State: Zip: Telephone No:
E-mail Address:
Attorney Type: ¡ Retained O Assigned ¡ Government O Pro Se O Pro Hac Vice
Party or Parties Represented (set forth party number(s) from table above):
Attorney/Firm Name:
Address:
City: State: Zip: Telephone No:
E-mail Address:
Attorney Type: O Retained O Assigned O Government O Pro Se O Pro Hac Vice
Party or Parties Represented (set forth party number(s) from table above):
Attorney/Firm Name:
Address:
City: State: Zip: Telephone No:
E-mail Address:
Attorney Type: ¡ Retained ¡ Assigned O Government O Pro Se O Pro Hac Vice
Party or Parties Represented (set forth party number(s) from table above):
Attorney/Firm Name:
Address:
City: State: Zip: Telephone No:
E-mail Address:
Attorney Type: ¡ Retained O Assigned ¡ Government ¡ Pro Se O Pro Hac Vice
Party or Parties Represented (set forth party number(s) from table above):
Informational Statement - Civil
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FILED: NEW YORK COUNTY CLERK 07/28/2023 11:33 PM INDEX NO. 654992/2022
NYSCEF DOC. NO. 115 RECEIVED NYSCEF: 07/28/2023
SUPREME COURT OF THE STATE OF NEW YORK
COUNTY OF NEW YORK
____________________________________________________________________Ç
MARCUS ABRAMS, CLEARWATER VENTURES,
INC. and LISA ABRAMS, individually and in her
Capacity as Trustee for the LISA MARIE ABRAMS
REVOCABLE TRUST, Index No. 654992/2022
Petitioners,
-against-
AFFIRMATION OF
RUSSELL ABRAMS, RUSSELLCAR INVESORA SERVICE
S.A., CROSSTAX, S.A, TAXCORP, S.A., CARCORP,
S.A., RUSSELLCAR S.R.L., ARACAR GROUP HOLDINGS
CORP., ARACAR FINANCIERA, S.A., ARACAR
SERVICIOS, S.A., ARACAR GROUP SPV
I LLC, and ARACAR GROUP SPV II LLC,
Respondents
______________________________________________________________________Ç
Daniel A. Singer, an attorney duly admitted to practice before the Courts of the State of
New York, affirms under penalty of perjury:
1. I am not a party to the within action, am over 18 years of age and am attorney
18th
practicing at The Law Offices of Daniel A. Singer PLLC, 630 Third Avenue, Floor, New
York, New York 10017.
2. On July 28, 2023, I served a copy of the Notice of Appeal; the Decision and
Order of Joel M. Cohen dated June 26, 2023; and the Informational Statement upon Kim &
4002 10th
Serritella LLP, 110 W. Street, Floor, New York, New York 10018 by filing same on
NYSCEF.
Dated: New York, New York
July 28, 2023
DANIEL A. SINGER
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FILED: NEW YORK COUNTY CLERK 07/28/2023 11:33 PM INDEX NO. 654992/2022 NYSCEF DOC. NO. 115 RECEIVED NYSCEF: 07/28/2023 SUPREME COURT OF THE STATE OF NEW YORK COUNTY OF NEW YORK ____________________________________________________________________Ç MARCUS ABRAMS, CLEARWATER VENTURES, INC. and LISA ABRAMS, individually and in her Capacity as Trustee for the LISA MARIE ABRAMS REVOCABLE TRUST, Index No. 654992/2022 Petitioners, -against- NOTICE OF APPEAL RUSSELL ABRAMS, RUSSELLCAR INVESORA S.A., CROSSTAX, S.A, TAXCORP, S.A., CARCORP, S.A., RUSSELLCAR S.R.L., ARACAR GROUP HOLDINGS CORP., ARACAR FINANCIERA, S.A., ARACAR SERVICIOS, S.A., ARACAR GROUP SPV I LLC, and ARACAR GROUP SPV II LLC, Respondents ______________________________________________________________________Ç PLEASE TAKE NOTICE that respondents Russell Abrams, RussellCar Invesora S.A., Crosstax S.A., Taxcorp, S.A., Carcorp, S.A., RussellCar S.R.L, Aracar Group Holdings Corp., Aracar Financiera, S.A., Aracar Servicios, S.A., Aracar Group SPV I LLC, and 70th Aracar Group SPV II LLC West (COllectively, "Respondents") appeal to the Appellate Division of the New York State Supreme Court in and for the First Judicial Department from the Decision and Order of the Honorable Joel M. Cohen dated December June 26, 2023 (the "Subject Decision and Order"). Respondents appeal from each and every part of the Subject Decision and Order. A copy of the Subject Decision and Order is annexed hereto. Dated: New York, New York July 28, 2023 THE L W OFFICES OF DANIEL A. SIN PLLC By: D A. Singer Attorneys for Respondents 3rd 18th 630 Avenue, FlOOr New York, New York 10017 (212) 569-7853 1 of 9 FILED: NEW YORK COUNTY CLERK 07/28/2023 11:33 PM INDEX NO. 654992/2022 |FILED: DOC. NEW NYSCEF YORK NO. 115 COUNTY CLERK INDEXNYSCEF: RECEIVED NO. 654992/2022 07/28/2023 06/28/2023 04 : 35 PM| NYSCEF DOC. NO. 110 RECEIVED NYSCEF: 06/26/2023 SUPREME COURT OF THE STATE OF NEW YORK COUNTY OF NEW YORK: COMMERCIAL DIVISION PART 03M ___________________________________Ç MARCUS ABRAMS, CLEARWATER VENTURES, INC., INDEX NO. 654992/2022 LISA ABRAMS, LISA ABRAMS, MOTION DATE N/A Petitioners, - V - MOTION SEQ. NO. 001 RUSSELL ABRAMS, RUSSELLCAR INVERSORA, S.A., CROSSTAX, S.A., TAXCORP, S.A., CARCORP, S.A., DECISION ORDER + ON RUSSELLCAR S.R.L., ARACAR GROUP HOLDINGS MOTION CORP., ARACAR FINANCIERA, S.A., ARACAR SERVICIOS, S.A., ARACAR GROUP SPV I LLC, ARACAR GROUP SPV II LLC Respondents. ________________________________________Ç HON. JOEL M. COHEN: The following e-filed documents, listed by NYSCEF document number (Motion 001) 3, 12, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 95, 105, 106, 107, 108, 109 were read on this petition to CONFIRM ARBITRATION AWARD Upon the foregoing documents, and for the reasons stated on the record following oral argument on June 9, 2023, it is ORDERED that Petitioners Marcus Abrams, Clearwater Ventures, Inc., and Lisa Abrams', individually and in her capacity as Trustee for the Lisa Marie Abrams Revocable Trust (collectively, "Petitioners"), Petition to Confirm the Arbitration Award is granted and Respondents Russell Abrams, RussellCar Inversora S.A., Crosstax, S.A., Taxcorp, S.A., Carcorp, S.A., RussellCar S.R.L., Aracar Group Holdings Corporation, Aracar Financiera, S.A., Aracar Servicios, S.A., Aracar Group SPV I LLC, and Aracar Group SPV III LLC's 654992/2022 ABRAMS, MARCUS ET AL vs. ABRAMS, RUSSELL ET AL Page 1 of 3 MotionNo. 001 1 of 3 2 of 9 FILED: NEW YORK COUNTY CLERK 07/28/2023 11:33 PM INDEX NO. 654992/2022 NYSCEF INDEXNYSCEF: NO. 654992/2022 FILED DOC. : NO. 115 NEW YORK COUNTY CLERK 0 6 /2 8 /2023 04 : 35 PM| RECEIVED 07/28/2023 NYSCEF DOC. NO. 110 RECEIVED NYSCEF: 06/26/2023 (collectively, "Respondents") Cross-Motion to Vacate the Arbitration Award is denied; it is further ORDERED AND ADJUDGED that the Arbitration Award entered in Marcus Abrams, et al. v. Russell Abrams, et al., Case No. 01-20-0007-3684 before the American Arbitration Association (the "Arbitration Award") (NYSCEF 2), as clarified by the Arbitrator (NYSCEF 95) is confirmed, as follows: 1. Petitioners shall recover from Respondents, RussellCar Inversora, S.A., Crosstax, S.A., Taxcorp, S.A., Carcorp, S.A. and RussellCar S.R.L. (collectively, "RussellCar and Subsidiaries") and Aracar Group Holdings Corp., Aracar Financiera, S.A., Aracar Servicios, S.A., Aracar Group SPV I LLC and Aracar Group SPV II LLC (collectively, "Aracar Entities"), jointly and severally, the sum of $2,579,321.78, plus interest at 9 percent per annum from the quarterly due dates in the amount of $360,654.53, for a total of $2,939,976.31, for liability under the Note; 2. Petitioners shall recover from Respondent, Russell Abrams ("Russell") the sum of $1,000,000, plus interest at 9 percent per annum.from July 18, 2019 in the amount of $305,013.70, for a total of $1,305,013.70 based on Russell's guarantee; 3. The maximum amount recoverable by Petitioners under the foregoing two paragraphs collectively is $2,939,976.31.; and 4. Respondents, jointly and severally, shall also reimburse Petitioners the sum of $83,500 for arbitration fees and costs. It is further ORDERED that the Clerk enter judgment accordingly, plus post-Award prejudgment interest at the statutory rate running from January 6, 2023 to the date of judgment; it is further ORDERED that this Court's October 21, 2022, and December 20, 2022 Orders granting preliminary injunctive relief to Petitioners pending arbitration in Marcus Abrams et al. v. Russell Abrams, et al., Index No. 658845/2021 (NYSCEF Doc. Nos. 120 and 151 in the 658845/2021 654992/2022 ABRAMS, MARCUS ET AL vs. ABRAMS, RUSSELL ET AL Page 2 of 3 MotionNo. 001 2 of 3 3 of 9 FILED: NEW YORK COUNTY CLERK 07/28/2023 11:33 PM INDEX NO. 654992/2022 654992/2022 INDEXNYSCEF: NO. FILED DOC. NYSCEF : NO. 115 NEW YORK COUNTY CLERK 06/28/2023 04:35 PM| RECEIVED 07/28/2023 NYSCEF DOC. NO. 110 RECEIVED NYSCEF: 06/26/2023 action) are incorporated herein by reference and extended for a period of 90 days following entry of judgment confirming the Arbitration Award; and it is further ORDERED that the parties upload a copy of the transcript of the proceedings to NYSCEF upon receipt. This constitutes the Decision and Order of the Court. 2023062 0 36 7B8945 74F37FC43BD1 6/26/2023 DATE JOEL M. COHEN, J.S.C. CHECK ONE: X CASE DISPOSED NON-FINAL DISPOSITION X GRANTED DENIED GRANTED IN PART OTHER APPLICATION: SETTLE ORDER SUBMIT ORDER CHECK IF APPROPRIATE: INCLUDESTRANSFER/REASSIGN FIDUCIARYAPPOINTMENT REFERENCE 654992/2022 ABRAMS, MARCUS ET AL vs. ABRAMS, RUSSELL ET AL Page 3 of 3 Motion No. 001 3 of 3 4 of 9 FILED: NEW YORK COUNTY CLERK 07/28/2023 11:33 PM INDEX NO. 654992/2022 NYSCEF DOC. NO. 115 RECEIVED NYSCEF: 07/28/2023 9upreme (Enurt of flye 9tate of Netu §ark Appellate Binisian: First ijuhitial Bepartment Informational Statement (Pursuant to 22 NYCRR 1250.3 - Civil [a]) For Court of OriginaI Instance MARCUS ABRAMS, CLEARWATER VENTURES, INC. and LISA ABRAMS, individually and in her Capacity as Trustee for the LISA MARIE ABRAMS REVOCABLE TRUST, Date Notice of Appeal Filed - against - RUSSELL ABRAMS, RUSSELLCAR INVESORA S.A., CROSSTAX, S.A, TAXCORP, S.A., CARCORP, . . . For.Appellate Division S.A., RUSSELLCAR S.R.L., ARACAR GROUP HOLDINGS CORP., ARACAR FINANCIERA, S.A., ARACAR SERVICIOS, S.A., ARACAR GROUP SPI LLC, and ARACAR GROUP SPV II LLC O Civil Action O CPLR article 78 Proceeding M Appeal O Transferred Proceeding O CPLR article 75 Arbitration O Special Proceeding Other O Original Proceedings ¡ CPLR Article 78 O Executive Law § 298 ¡ Action Commenced under CPLR 214-g O Habeas Corpus Proceeding ¡ CPLR Article 78 O Eminent Domain O CPLR 5704 Review O Labor Law 220 or 220-b O Public Officers Law § 36 O Real Property Tax Law § 1278 ¡ Administrative Review ¡ Business Relationships hill Commercial ¡ Contracts ¡ Declaratory Judgment ¡ Domestic Relations ¡ Election Law ¡ Estate Matters ¡ Family Court ¡ Mortgage Foreclosure ¡ Miscellaneous ¡ Prisoner Discipline & Parole ¡ Real Property O Statutory O Taxation ¡ Torts (other than foreclosure) Informational Statement - Civil 5 of 9 FILED: NEW YORK COUNTY CLERK 07/28/2023 11:33 PM INDEX NO. 654992/2022 NYSCEF DOC. NO. 115 RECEIVED NYSCEF: 07/28/2023 AppeaI Paper Appealed From (Check one only): If an appeal has been taken from more than one order or judgment by the filing of this notice of appeal, please indicate the below information for each such order or judgment appealed from on a separate sheet of paper. ¡ Amended Decree O Determination E Order ¡ Resettled Order O Amended Judgement O Finding ¡ Order & Judgment ¡ Ruling ¡ Amended Order ¡ Interlocutory Decree ¡ Partial Decree ¡ Other (specify): ¡ Decision ¡ Interlocutory Judgment ¡ Resettled Decree ¡ Decree ¡ Judgment ¡ Resettled Judgment Court: Supreme Court County: New York Dated: 06/26/2023 Entered:06/28/23 Judge (name in full): Joel M. Cohen Index No.:654992/2022 Stage: ¡ Interlocutory M Final ¡ Post-Final Trial: ¡ Yes No If Yes: O Jury ¡ Non-Jury Prior Unperfected Appeal and Related Case Information Are any appeals arising in the same action or proceeding currently pending in the court? O Yes G No If Yes, please set forth the Appellate Division Case Number assigned to each such appeal. Where appropriate, indicate whether there is any related action or proceeding now in any court of this or any other jurisdiction, and if so, the status of the case: There is a related action pending before the Supreme Court of the State of New York, County of New York bearing index no. 658845/2021 from which an appeal is pending in the Appellate Division, First Department Original Proceeding Commenced by: O Order to Show Cause E Notice of Petition ¡ Writ of Habeas Corpus Date Filed: 12/23/2022 Statute authorizing commencement of proceeding in the Appellate Division: Proceeding Transferred Pursuant to CPLR 7804(g) Court: Choose Court County: Choose Countv Judge (name in full): Order of Transfer Date: CPLR 5704 Review of Ex Parte Order: Court: Choose Court County: Choose County Judge (name in full): Dated: Description of Appeal, Proceeding or Application and Statement of Issues Description: If an appeal, briefly describe the paper appealed from. If the appeal is from an order, specify the relief requested and whether the motion was granted or denied. If an original proceeding commenced in this court or transferred pursuant to CPLR 7804(g), briefly describe the object of proceeding. If an application under CPLR 5704, briefly describe the nature of the ex parte order to be reviewed. The appeal is from a decision and order in which Petitioners sought to confirm an arbitration award and Respondents sought inter alia to vacate an arbitration award. The court granted Petitioner's application to Respondents' confirm the arbitration award and denied application to vacate the arbitration award. Informational Statement - Civil 6 of 9 FILED: NEW YORK COUNTY CLERK 07/28/2023 11:33 PM INDEX NO. 654992/2022 NYSCEF DOC. NO. 115 RECEIVED NYSCEF: 07/28/2023 Issues: Specify the issues proposed to be raised on the appeal, proceeding, or application for CPLR 5704 review, the grounds for reversal, or modification to be advanced and the specific relief sought on appeal. Respondents seek to reverse the decision and order confirming the arbitration award in its entirety and, instead, seek an order vacating the arbitratuion award. The decision and order confirming the abitration award must be vacated in its entirety as in finding liability and awarding of damages, the arbitrator acted completely irrationally; acted against public policy; and also acted beyond his authority. Moreover, the awarding of $2,939,976.31 was completely irrational, against public policy, and in excess of the arbitrator's authority Instructions: Fill in the name of each party to the action or proceeding, one name per line. If this form is to be filed for an appeal, indicate the status of the party in the court of original instance and his, her, or its status in this court, if any. If this form is to be filed for a proceeding commenced in this court, fill in only the party's name and his, her, or its status in this court. No. Party Name Original Status Appellate Division Status 1 Marcus Abrams Petitioner Respondent 2 Clearwater Ventures, Inc. Petitioner Respondent 3 LisaAbrams, andinhercapacityasTrusteefortheLisaMarieAbramsRevocable individually Trust Petitioner Respondent 4 Russell Abrams Respondent Appellant 5 RussellCar Invesora S.A. Respondent Appellant 6 Crosstax, S.A. Respondent Appellant 7 Taxcorp, S.A. Respondent Appellant 8 Carcorp, S.A. Respondent Appellant 9 RussellCar S.R.L. Respondent Appellant 10 Aracar Group Holdings Corp. Respondent Appellant 11 Aracar Financiera, S.A. Respondent Appellant 12 Aracar Servicios, S.A. Respondent Appellant 13 Aracar Group SPV I LLC Respondent Appellant 14 Aracar Group SPV II LLC Respondent Appellant 15 16 17 18 19 20 informational Statement - Civil 7 of 9 FILED: NEW YORK COUNTY CLERK 07/28/2023 11:33 PM INDEX NO. 654992/2022 NYSCEF DOC. NO. 115 RECEIVED NYSCEF: 07/28/2023 Instructions: Fill in the names of the attorneys or firms for the respective parties. If this form is to be filed with the notice of petition or order to show cause by which a special proceeding is to be commenced in the Appellate Division, only the name of the attorney for the petitioner need be provided. In the event that a litigant represents herself or Se" himself, the box marked "Pro must be checked and the appropriate information for that litigant must be supplied in the spaces provided. Attorney/Firm Name: Kim & Serritella LLP Address: 110 W. 40th Street, 10th Floor City: New York State: New York Zip: 10018 Telephone No: (212) 960-8345 E-mail Address: jserritella@kandslaw.com Attorney Type: E Retained ¡ Assigned ¡ Government ¡ Pro Se O Pro Hac Vice Party or Parties Represented (set forth party number(s) from table above)12,3 Attorney/Firm Name: The Law Offices of Daniel A. Singer PLLC Address: 630 3rd Avenue, 18th Floor City: New York State: New York Zip:10017 Telephone No: (212) 569-7853 E-mail Address: info@dasingerlaw.com Attorney Type: E Retained ¡ Assigned ¡ Government ¡ Pro Se ¡ Pro Hac Vice Party or Parties Represented (set forth party number(s) from table above): Attorney/Firm Name: Address: City: State: Zip: Telephone No: E-mail Address: Attorney Type: ¡ Retained O Assigned ¡ Government O Pro Se O Pro Hac Vice Party or Parties Represented (set forth party number(s) from table above): Attorney/Firm Name: Address: City: State: Zip: Telephone No: E-mail Address: Attorney Type: O Retained O Assigned O Government O Pro Se O Pro Hac Vice Party or Parties Represented (set forth party number(s) from table above): Attorney/Firm Name: Address: City: State: Zip: Telephone No: E-mail Address: Attorney Type: ¡ Retained ¡ Assigned O Government O Pro Se O Pro Hac Vice Party or Parties Represented (set forth party number(s) from table above): Attorney/Firm Name: Address: City: State: Zip: Telephone No: E-mail Address: Attorney Type: ¡ Retained O Assigned ¡ Government ¡ Pro Se O Pro Hac Vice Party or Parties Represented (set forth party number(s) from table above): Informational Statement - Civil 8 of 9 FILED: NEW YORK COUNTY CLERK 07/28/2023 11:33 PM INDEX NO. 654992/2022 NYSCEF DOC. NO. 115 RECEIVED NYSCEF: 07/28/2023 SUPREME COURT OF THE STATE OF NEW YORK COUNTY OF NEW YORK ____________________________________________________________________Ç MARCUS ABRAMS, CLEARWATER VENTURES, INC. and LISA ABRAMS, individually and in her Capacity as Trustee for the LISA MARIE ABRAMS REVOCABLE TRUST, Index No. 654992/2022 Petitioners, -against- AFFIRMATION OF RUSSELL ABRAMS, RUSSELLCAR INVESORA SERVICE S.A., CROSSTAX, S.A, TAXCORP, S.A., CARCORP, S.A., RUSSELLCAR S.R.L., ARACAR GROUP HOLDINGS CORP., ARACAR FINANCIERA, S.A., ARACAR SERVICIOS, S.A., ARACAR GROUP SPV I LLC, and ARACAR GROUP SPV II LLC, Respondents ______________________________________________________________________Ç Daniel A. Singer, an attorney duly admitted to practice before the Courts of the State of New York, affirms under penalty of perjury: 1. I am not a party to the within action, am over 18 years of age and am attorney 18th practicing at The Law Offices of Daniel A. Singer PLLC, 630 Third Avenue, Floor, New York, New York 10017. 2. On July 28, 2023, I served a copy of the Notice of Appeal; the Decision and Order of Joel M. Cohen dated June 26, 2023; and the Informational Statement upon Kim & 4002 10th Serritella LLP, 110 W. Street, Floor, New York, New York 10018 by filing same on NYSCEF. Dated: New York, New York July 28, 2023 DANIEL A. SINGER 9 of 9