The unopposed Motion (ROA # 332) of Plaintiff The Motiva Group, Inc. ("Plaintiff" or "Motiva") for an order appointing a receiver over Defendant National Small Business Alliance ("Defendant" or "NSBA") and to correct the amount of interest in the Judgment, is GRANTED.
Appointment of a receiver is necessary given the risk of insolvency. Code Civ. Proc. 564(b). The Receiver is ordered to file a bond in the amount of $5,000. Code Civ. Proc. 567(b). Also, the judgment will be amended to reflect the correct calculation for prejudgment interest. The Court will execute the amended judgment (ROA # 334) and the order appointing the receiver (ROA # 336), as completed, at the hearing of this Motion.
Hearing Date
November 20, 2019
Category
Civil - Unlimited
Type
Breach of Contract/Warranty
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The unopposed Motion (ROA # 332) of Plaintiff The Motiva Group, Inc. ("Plaintiff" or "Motiva") for an order appointing a receiver over Defendant National Small Business Alliance ("Defendant" or "NSBA") and to correct the amount of interest in the Judgment, is GRANTED.
Appointment of a receiver is necessary given the risk of insolvency. Code Civ. Proc. 564(b). The Receiver is ordered to file a bond in the amount of $5,000. Code Civ. Proc. 567(b). Also, the judgment will be amended to reflect the correct calculation for prejudgment interest. The Court will execute the amended judgment (ROA # 334) and the order appointing the receiver (ROA # 336), as completed, at the hearing of this Motion.