Cyfred, Ltd. v. Waathdad

Superior Court of Guam·Decided May 4, 2026·No. CV0396-23·Unknown

Opinion

·suPER!OR COURT

IN THE SUPERIOR COURT OF GUAM CYFRED, LTD., Plaintiff,

vs. DECISION AND ORDER DENYING PLAINTIFF'S MOTION FOR PARTIAL SUMMARY JUDGMENT

DAVID W AATHDAD et al.,

Defendants.

This matter came before the Honorable Dana A. Gutierrez upon the Motion for Partial Summary Judgment ("Motion") by Plaintiff Cyfred, Ltd. ("Plaintiff'). Present at the hearing was Attorney Curtis Van De Veld on behalf of Plaintiff. Attorney Wayson Wong ("Attorney Wolig") 1 on behalf of Defendants did not appear. Upon reviewing counsel's arguments, the record, and applicable law, the Court issues the following Decision and Order.

BACKGROUND

This action arises from prior litigation between Plaintiff and a group of homeowners concerning certain real property located in the Gill Baza Subdivision in Guam. In earlier proceedings, the homeowners acquired second lots from Plaintiff, financing a portion of the purchase price through promissory notes and mortgages in favor of Plaintiff. PL' s Mot. for Partial Summ. J. at 2-3 (Jun. 23, 2025) ("Mot."). The notes required annual payments, and the mortgages permitted Plaintiff to pursue non-judicial foreclosure upon default. Id.

In March 201 7, the homeowners ceased making their annual payments to Plaintiff, asserting that Plaintiff owed them attorney's fees from other litigation and that such amounts could

1 The Court notes that Attorney Wong is himself a defendant in this lawsuit.

CV0396-23; Cyfred, Ltd, v. David Waathdad, et al.

be offset against their obligations under the notes and mortgages. Id at 5. Following the homeowners' nonpayment, Plaintiff initiated non-judicial foreclosure proceedings on certain of the second lots. Id at 2-3.

On July 26, 2018, the homeowners filed Waathdad, et al., v. Cyfred, Ltd., Civil Case No.

CV0735-18 ("CV0735-18"), seeking, among other relief, to enjoin further non-judicial foreclosures and to prevent Plaintiff from disposing of already foreclosed properties. Appearing Defs.' Mem. in Opp'n to Pl.'s Mot. for Partial Summ. J. at 3--4 (Jul. 22, 2025) ("Opp'n"). On September 5, 2018, Judge Elyze J. Iriarte granted a preliminary injunction prohibiting Plaintiff from conducting additional foreclosures and from transferring certain properties. Mot. at 2; Opp'n at 19. The preliminary injunction remained in effect until March 28, 2019, when Judge Iriarte dissolved it. Mot. at 2.

During the course of CV0735-18, Judge Iriarte granted partial summary judgment in favor of Plaintiff on the homeowners' setoff claims, determining that the asserted claims for attorney's fees were unliquidated, contingent, and non-mutual. See David Waathdad, et al., v. Cyfred, Ltd., Civil Case No. CV0735-18 (Decision and Order re Def.'s Mot. for Partial Summ. J. at 11 (Mar. 8, 2019)). 2 Following that ruling, Plaintiff prevailed in CV0735-18, and subsequent appellate proceedings were resolved in its favor. Mot. at 9-11. The plaintiffs in CV0735-18 have moved to set aside the judgment in that case twice, and Judge Iriarte has denied the plaintiffs' efforts both times to set aside the judgment. See David Waathdad, et al., v. Cyfred, Ltd, Civil Case No.

2 This Court may take judicial notice of a fact that is "capable of accurate and ready determination by resort to sources whose accuracy cannot be reasonably questioned." Guam R. Evid. 20l(b)(2). Court records are judicially noticeable facts. See DFS Guam L.P. v. A.B. Won Pat Int'/ Airport Auth., Guam, 2020 Guam 20 ,r 13 n.3 ("Generally, the court may take judicial notice of court records."). Accordingly, the Court takes judicial notice of the relevant filings in CV0735-18.

CV0396-23; Cyfred, Ltd, v. David Waathdad, et al.

CV0735-18 (Decision and Order re Second Mot. for Relief for Fraud upon this Court or for Equitable Relief at 1 (Dec. 23, 2025)). Judge Iriarte's rulings on the two motions are currently on appeal at the Supreme Court of Guam. See Additional Defs.' And Def. Wayson W. S. Wong's Notice oflntervening Facts at 2 (Jan. 26, 2026). 3 The present case, Civil Case No. CV0396-23, was filed by Plaintiff on June 6, 2023, asserting claims for malicious prosecution against the defendants arising out of the filing and prosecution of CV0735-18 and the subsequent appeals to the Supreme Court of Guam. See Mot. at 9 (CV0735-18 and the appeals ofCV0735-18 to the Supreme Court of Guam "are collectively ... referred to as 'Malicious Suits."'). On June 23, 2025, Plaintiff filed a Motion for Partial Summary Judgment seeking judgment on liability for its claims. Mot. at 1. Defendants filed an opposition on July 21, 2025. Opp'n at 1. Plaintiff thereafter filed a reply on August 4, 2025. Reply to Defs.' Opp'n to Cyfred, Ltd. Mot. for Partial Summ. J. at 1 (Aug. 4, 2025) ("Reply").

DISCUSSION

I. Legal Standard for Summary Judgment Under Guam Rules of Civil Procedure ("GRCP") Rule 56(a), a court shall grant summary judgment if the movant shows that "there is no genuine dispute as to any material fact and the movant is entitled to judgment as a matter of law." Guam R. Civ. P. 56(a). "A 'material' fact is one that is relevant to an element of a claim or defense and whose existence might affect the outcome of the suit." Iizuka Corp. v. Kawasho Int'[ (Guam), Inc., 1997 Guam 10 ~ 7 (citing T W

3 The Court further notes that following Judge Iriarte's grant of the partial summary judgment, the plaintiffs in CV0735-18 have filed a Motion for New Trial, or in the Alternative, for Reconsideration and a Motion for Stay, which is to stay the CV0735-18 defendant's motion for entry of judgment. Judge Iriarte has also denied these motions. See David Waathdad, et al., v. Cyfred, Ltd., Civil Case No. CV0735-18 (Decision and Order re Mot. for a New Trial, or in the Alternative, for Reconsideration at 1 (Jun. 20, 2019)); see id. (Decision and Order re Mot. for Stay at 2 (Oct. 2, 2019)).

CV0396-23; Cyfred, Ltd., v. David Waathdad, et al.

Elec. Serv., Inc. v. Pacific Elec. Contractors Ass'n, 809 F.2d 626,630 (9th Cir.1987)). "A genuine issue exists if there is sufficient evidence establishing a factual dispute that requires resolution by a fact-finder." Wilkinson v. Jones, 2004 Guam 14 ~ 7 (citation omitted). "In rendering a decision on a motion for summary judgment, the court must draw inferences and view the evidence in a light most favorable to the non-moving party." Quijano v. Atkins-Kroll, Inc., 2008 Guam 14 ~ 6 (citation omitted).

The moving party bears the initial burden of demonstrating the absence of a genuine issue of material fact. Hawaiian Rock Prods. Corp. v. Ocean Haus., Inc., 2016 Guam 4 ~ 27 ("A movant bears the initial burden to show that undisputed facts in the record support a prima facie entitlement to the relief requested."). If the movant satisfies this burden, the burden shifts to the nonmoving party to present specific facts showing that a genuine issue remains for trial. Waathdad v. Cyfred, Ltd, 2021 Guam 24 ~ 15 n.9 ("If the movant satisfies this burden, the burden then shifts to the defendant to show that there exists a material question of fact that would preclude the grant of summary judgment.") (citation omitted). The nonmoving party may not rely on mere allegations or denials in the pleadings but must set forth specific evidence demonstrating the existence of a triable issue. Moylan v. Citizens Sec. Bank, 2015 Guam 36 ~ 23 ("If the movant can demonstrate that there are no genuine issues of material fact, the non-movant cannot merely rely on allegations contained in the complaint, but must produce at least some significant probative evidence tending to support the complaint.") (citation omitted).

This case involves claims for malicious prosecution. Under Guam law, a plaintiff asserting malicious prosecution must establish "a prior action [that] '(1) was initiated by or at the direction of the defendant and legally terminated in the plaintiffs favor, (2) was brought without probable

CV0396-23; Cyfred, Ltd, v. David Waathdad, et al.

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