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Monday, February 13, 2017 6:49:21 PM
Plaintiff obtained a judgment against defendant Digital Brand Media & Marketing Group, Inc. ("Digital Brand") in the amount of
$122,801.87, which was dated July 15, 2015, and entered in the Office of the Nassau County Clerk on July 20, 2015 (Exh. "B"). The judgment was based upon a series of promissory notes. Plaintiff previously moved for the appointment of a Receiver of the assets of Digital Brand, which motion was denied.
Subsequent to the entry of judgment, the parties entered into a settlement agreement,
calling for the payment of $85,000 to plaintiff. Plaintiff made an initial payment of $25,000, but
made no further payments. Plaintiff contends that the settlement agreement was breached, and
that they are entitled to recover the full amount of the judgment, less the amount received.
Dated 1/12/17
Entered 1/23/17
Clearly they owe $98k!
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