FG Hemisphere Associates, LLC v. Democratic Republic of Congo et al, No. 8:2022cv02369 - Document 47 (D. Md. 2023)
Court Description: MEMORANDUM OPINION and ORDER. Signed by Judge Peter J. Messitte on 10/18/2023. (ybs, Deputy Clerk)
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FG Hemisphere Associates, LLC v. Democratic Republic of Congo et al Doc. 47 Case 8:22-cv-02369-PJM Document 47 Filed 10/18/23 Page 1 of 5 IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF MARYLAND FG HEMISPHERE ASSOCIATES, LLC, * * * Plaintiff, * * V. * Civil No.PJM 22-CV-2369 * DEMOCRATIC REPUBLIC OF CONGO * et al. * * Defendants. * MORANDUM OPINION AND ORDER On September 5,2023, the Court granted Plaintiffs Motion for Writ of Attachment Before Judgement. ECF No. 3. It now considers the amount of the bond to be set in connection with the attachment before judgment. Defendants have requested a bond in the amount of$4,600,000. ECF No. 40. Plaintiff contends that an appropriate bond amount is $50,000. ECF No. 43. The amount requested by Defendants, $4,600,000, will not be awarded. Defendants have provided no legal authority or factual support to justify that amount, nor have they shown that damages in that amount have been or will be incurred as a result of the attachment. On the other hand, the Court believes that a total bond of$50,000 for four properties, as suggested by Plaintiff, is unreasonable. The Court has determined instead that a bond of $50,000 for each of the four properties in issue, a total of$200,000, is appropriate. Accordingly, a bond of $50,000 as to each of the four properties, for a total of $200,000, shall issue. The Court therefore GRANTS Defendants' Motion for Proposed Bond for Writ of Attachment Before Judgment,BUT ONLY to the extent of$50,000 for each ofthe four properties in issue, for a total bond of$200,000. Dockets.Justia.com Case 8:22-cv-02369-PJM Document 47 Filed 10/18/23 Page 2 of 5 Case 8:22-cv-02369-PJM Document 47 Filed 10/18/23 Page 3 of 5 Case 8:22-cv-02369-PJM Document 47 Filed 10/18/23 Page 4 of 5 Case 8:22-cv-02369-PJM Document 47 Filed 10/18/23 Page 5 of 5 Case l:23-cv-01921-ELH Document 12 Filed 08/04/23 Page 2 of 16 described property of Tombstone. The attachment shall not exceed property reasonable valued (including existing encumbrances) in excess of $7,000,000. Tombstone shall not sell, dispose of, mortgage, transfer the title of, or otherwise encumber the aforesaid described property, until further order of the Court. .DATED: This day of 2023 /s/ M. Giron, Deputy Clerk W CATHERINE STAVLAS ' CLERK, UNITED STATES DISTRICT COURT
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