Hon. Michael S. Nachmanoff, United States District Judge
ORDER
Hon. Michael S. Nachmanoff, United States District Judge
This matter comes before the Court upon the Report and Recommendation issued by Magistrate Judge John F. Anderson on May 31,2023 (Dkt. No. 34) (“Recommendation”). Having reviewed the record and Judge Anderson's Recommendation, and finding good cause to do so, the Court will adopt the Recommendation. Accordingly, it is hereby
Defendants filed objections to Judge Anderson's Report and Recommendation (Dkt. Nos. 35, 36). The Court, however, finds those objections unpersuasive and will adopt Judge Anderson's analysis without reservation.
ORDERED that the Recommendation is APPROVED and ADOPTED in full; it is further
ORDERED that Plaintiff's Motion for Default Judgment (Dkt. No. 16) is GRANTED; it is further
ORDERED that judgment by default in the total sum of $704,190.26 ($661,192.11 in compensatory damages + $16,998.15 in pre-judgment interest through the date of the arbitration + $16,500.00 in attorneys' fees for the arbitration + $9,500.00 in arbitration costs) is entered in Plaintiff InertialWave's favor against Defendants SP Global, Inc.; Dan Tolley; and Tom Bums; it is further
ORDERED that judgment by default in the total sum of $1,155,981.64 ($1,123,151.14 in compensatory damages + $20,330.50 in attorneys' fees for the arbitration + $12,500.00 in arbitration costs) is entered in Plaintiff Intelesense's favor against Defendants SP Global, Inc.; Dan Tolley; and Tom Bums; and it is further
ORDERED that, in addition to the sums stated above, Defendants shall pay to the Plaintiffs' attorneys' fees and costs calculated at $17,999.38 and costs calculated at $402.00.
The Clerk of Court is directed to enter judgment as set forth above pursuant to Rule 55 of the Federal Rules of Civil Procedure.
SO ORDERED.