Capital Pure Assets, Ltd. v. CC Technology Corporation

District Court, D. Nevada·Decided April 29, 2025·No. 2:24-cv-00680·Unknown

Opinion

UNITED STATES DISTRICT COURT DISTRICT OF NEVADA

Case No. 2:24-cv-00680-NJK1 Plaintiff(s), ORDER v. [Docket No. 66] Defendant(s). Pending before the Court is Counterclaimant CC Technology Corporation’s motion for various relief arising out of Counter-Defendants’ violation of the order enforcing the settlement agreement and related issues. Docket No. 66. Counter-Defendants filed a response. Docket No. 69. Counterclaimant filed a reply. Docket No. 70. The Court held a hearing on April 29, 2025, resolving the motion from the bench. Docket No. 71. This written order memorializes that ruling. Counterclaimant seeks an order enforcing the settlement agreement as to the $14,000 initial payment. Docket No. 66 at 6. The Court already issued an order requiring this payment, Docket No. 62, and there is no need for a duplicative order to issue. This aspect of the motion is DENIED as unnecessary. Counterclaimant seeks an order enforcing the settlement agreement as to disbursement of the funds held in the Court’s registry. Docket No. 66 at 6-7. Counter-Defendants provided no argument in opposition in their responsive brief, so this aspect of the motion is GRANTED as unopposed. See Local Rule 7-2(d); see also Stichting Pensioenfonds APB v. Countrywide Fin’l Corp., 802 F. Supp. 2d 1125, 1132 (C.D. Cal. 2011) (“in most circumstances, failure to respond in an opposition brief to an argument put forward in an opening brief constitutes waiver or 1 On August 19, 2024, the case was referred to the undersigned magistrate judge on the parties’ consent. Docket Nos. 27, 28. abandonment in regard to the uncontested issue”). CC Technology Corporation and its counsel must coordinate with the Finance Department in the Clerk’s Office, including providing any required paperwork. Upon receipt of any required paperwork, the Clerk’s Office is INSTRUCTED to release the deposited funds of $336,000, plus accrued interest, to counsel for CC Technology Corporation (David Barney or Stephen Hackett). Counterclaimant seeks an order enforcing the settlement agreement as to the first quarterly payment. Docket No. 66 at 8-9. As this request is not ripe, this aspect of the motion is DENIED without prejudice as premature. Counterclaimant seeks the imposition of “additional sanctions” under the inherent authority regarding enforcement of settlements. See Docket No. 66 at 15.2 The Court has already awarded fees and costs for the earlier motion to enforce related to the $14,000 initial payment. Docket No. 62 at 6. This second motion to enforce settlement is being largely denied and granted in part as unopposed. The Court is not persuaded that inherent authority sanctions are warranted as to the second motion to enforce settlement, so this aspect of the motion is DENIED. Counterclaimant seeks an order that the Court will retain jurisdiction of the settlement after dismissal. Docket No. 66 at 9-13. The settlement agreement calls for dismissal after Counter- Defendants make the initial payment of $14,000. Docket No. 57-2 at ¶ 2(b). Given the failure of Counter-Defendants to make that payment, it appears that dismissal is not ripe at this juncture and no party has filed a request for dismissal. This aspect of the motion is DENIED without prejudice as premature. The Court issued an order requiring Counter-Defendants to make the $14,000 initial payment by noon on April 21, 2025. Docket No. 62 at 7. Counter-Defendants violated that order

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Capital Pure Assets, Ltd. v. CC Technology Corporation, (D. Nev. 2025).

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