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National Bank of Arizona, A National v. Kobra Associates

UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF CALIFORNIA


September 1, 2011

NATIONAL BANK OF ARIZONA, A NATIONAL
BANKING ASSOCIATION,
PLAINTIFF,
v.
KOBRA ASSOCIATES, INC., A CALIFORNIA CORPORATION; SIERRA VALLEY RESTAURANTS, INC., A
CALIFORNIA CORPORATION; FOOD SERVICE MANAGEMENT,
INCORPORATED, A CALIFORNIA CORPORATION; ABOLGHASSEM ALIZADEH, A MARRIED MAN DEALING WITH HIS SOLE AND SEPARATE PROPERTY; KOBRA
ALIZADEH, AN UNMARRIED WOMAN; AUSTIN F. WALLESTAD, AN UNMARRIED MAN; AND
UNKNOWN JUNIOR LIEN HOLDERS AS DOES 1-50, INCLUSIVE,
DEFENDANTS.

STIPULATED JUDGMENT AGAINST ABOLGHASSEM ALIZADEH AND KOBRA ALIZADEH

Based upon the Stipulation for Entry of Judgment between Plaintiff NATIONAL BANK OF ARIZONA ("NBA") and Defendants ABOLOGHASSEM ALIZADEH and 3 KOBRA ALIZADEH (jointly, the Alizadehs"), attached hererto as Exhibit "A". 4

IT IS HEREBY ORDERED ADJUDGED and DECREED as follows:

1. NBA shall have judgment against the Alizadehs in the amount of $4,500,000.00;

2. In the event that the Alizadehs pay $2,500,000.00 within 12 months of the date of entry of this stipulated judgment, said payment shall be deemed full satisfaction of the Alizadehs' obligations hereunder.

3. Notwithstanding the above, NBA is under no obligation to accept funds from the Alizadehs unless and until they identify and document, to the satisfaction of NBA, the source 11 of any funds to be paid and provide evidence that the funds are not subject to any local, state or 12 federal taxing authorities and not subject to a preference action in any bankruptcy court; and

4. In the event NBA is required to enforce the terms of this stipulated judgment,

NBA will be entitled to reasonable attorneys' fees and costs incurred as a result of any 15 enforcement proceeding as determined by a Court.

IT IS SO ORDERED.

20110901

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