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Raymond James Financial Services, Inc v. Bruce Katz

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK


July 20, 2011

RAYMOND JAMES FINANCIAL SERVICES, INC., PETITIONER,
v.
BRUCE KATZ,
RESPONDENT.

The opinion of the court was delivered by: John G. Koeltl, District Judge:

MEMORANDUM OPINION AND ORDER

The Court has entered the judgment proposed by the plaintiff, to which the defendant did not respond, with two exceptions.

First, the contractual rate of 10% interest should apply only on the unpaid amount to the date of judgment, and not until the date of payment. See Westinghouse Credit Corp. v. D'Urso, 371 F.3d 96, 102 (2d Cir. 2004). A separate post-judgment interest rate applies to the amount of the judgment. See 28 U.S.C. § 1961.

Second, the amount of attorneys' fees and costs should not be included in the judgment. Rather, the Court will consider the request for attorneys' fees and costs to be a motion for relief. See Fed R. Civ. P. 54(d)(2). The defendant should

20110720

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