Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-5_12-cv-01536/USCOURTS-cand-5_12-cv-01536-18/pdf.json

Nature of Suit Code: 160
Nature of Suit: Stockholder's Suits
Cause of Action: 28:1332 Diversity-Stockholders Suits

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United States District Court

Northern District of California

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

SAN JOSE DIVISION

VIASPHERE INTERNATIONAL , INC,

Plaintiff,

v.

ARAM VARDARYAN,

Defendant.

Case No. 5:12-cv-01536-HRL 

ORDER GRANTING VARDANYAN'S 

MOTION FOR TEMPORARY STAY OF 

EXECUTION OF JUDGMENT

Re: Dkt. No. 261

On July 17, 2015, this court entered an amended judgment in Viasphere’s favor. Pursuant 

to Fed. R. Civ. P. 62(b), Vardanyan now moves for a temporary stay of execution of that judgment 

pending resolution of his pending motion for judgment as a matter of law, or alternatively for a 

new trial.

1

 Although Vardanyan advises that the company declined to stipulate to the requested 

stay, Viasphere has not filed a response to Vardanyan’s request. The matter is deemed suitable for 

determination without oral argument. Civ. L.R. 7-1(b).

Pursuant to Federal Rule of Civil Procedure 62(b), the court has discretion, on appropriate 

terms for the opposing party’s security, to stay the execution of the enforcement of a judgment 

 

1 Although Vardanyan says that he is interested in a stay through any possible appeal, his papers 

indicate that the stay now being requested is separate and apart from any stay and posting of a 

supersedeas bond in the event an appeal is necessary. See Motion at 4 (“Should Defendant 

Vardanyan need to appeal the final judgment or ruling, he will obtain the required stay and post 

the necessary supersedeas bond pursuant to the Rules of Appellate Procedure following expiration 

of the temporary stay requested by this application.”)

Case 5:12-cv-01536-HRL Document 264 Filed 09/10/15 Page 1 of 3
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United States District Court

Northern District of California

pending the disposition of post-trial motions. Vardanyan requests that the court waive the security 

requirement. Alternatively, he offers to put up $387,000, which reflects the value of the shares of 

Viasphere Series A Preferred Stock he held.

The court finds it appropriate to grant the requested temporary stay and to require the 

posting of security. Accordingly, Vardanyan is ordered to post the offered $387,000 bond2as a 

condition of temporarily staying the enforcement of judgment pending resolution of his post-trial

motion. He shall post the bond no later than close of business on September 17, 2015. If he fails 

to post the bond, the stay shall be lifted.

SO ORDERED.

Dated: September 10, 2015

________________________

HOWARD R. LLOYD

United States Magistrate Judge

 

2 Given the amount of the July 17, 2015 judgment (and assuming that the judgment amount stays 

at its current level), this is far below what the court might otherwise set as a supersedeas bond 

under Fed. R. Civ. P. 62(d).

Case 5:12-cv-01536-HRL Document 264 Filed 09/10/15 Page 2 of 3
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United States District Court

Northern District of California

5:12-cv-01536-HRL Notice has been electronically mailed to:

Ara Aroustamian ara@lawaa.com

Armen Shaghzo as@shaghzolaw.com

Fenn C. Horton , III fhorton@pahl-mccay.com, drinnert@pahl-mccay.com

Helene Anastasia Simvoulakis hsimvoulakis@pahl-mccay.com, manaya@pahl-mccay.com

Servando R. Sandoval ssandoval@pahl-mccay.com, manaya@pahl-mccay.com, tmeek@pahlmccay.com

Sonia Sanjit Shah sshah@pahl-mccay.com

Stephen Donald Pahl spahl@pahl-mccay.com, tmeek@pahl-mccay.com

Varand Vartanian Varand@lawaa.com

Case 5:12-cv-01536-HRL Document 264 Filed 09/10/15 Page 3 of 3