We're coming up on the one year mark since the final award, lets see if we get
any action by that point.
From what I figured the judicial interest is close to $11,000.00 per day X 365 =
over $4,000.000.00 if you go by what is listed in the final award from the JAMS
(Judicial Arbitration and Mediation Services)
I'm guessing the Motion to Confirm should be filed soon.
Final Award
[66].
1. Claimant RedHawk Medical Products & Services, LLC has established its right to recover damages for breach of contract in the amount of forty-four million nine-hundred-fifty thousand dollars ($44,950,000.00).
2. Claimant is entitled to an award of attorneys’ fees and costs against Respondents in the amount of $68,614.31.
3. Claimant is entitled to an award of pre-award interest on contract damages in the amount of $3,365,092.47.
4. Claimant is entitled to an award of post-award interest on the sum awarded to it for contract damages, attorneys' fees, and costs ($68,614.31), at the Louisiana judicial interest rate, in a total amount to be determined as of the time of payment or the entry of an order confirming this award.
This Final Award resolves all issues submitted for decision in this proceeding.
Dated: May 1, 2023
D_DOG
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