Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-casd-3_07-cv-00446/USCOURTS-casd-3_07-cv-00446-0/pdf.json

Nature of Suit Code: 890
Nature of Suit: Other Statutory Actions
Cause of Action: 9:9 Motion to Confirm Arbitration Loan

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-1- 07cv446

UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF CALIFORNIA

BANC OF AMERICA STRATEGIC

SOLUTIONS, INC.; and BANK OF

AMERICA, N.A.,

Petitioners,

CASE NO. 07-CV-446 W (AJB)

ORDER (1) VACATING ORDER

DATED 4/5/07; (2) GRANTING

JOINT MOTION; AND (3)

CONFIRMING ARBITRATION

AWARD

v.

NIAZ MOHAMED, JR.; 4-M FARMS,

INC.; and SALICO FARMS, INC.;

Respondents.

1. On April 3, 2007, the parties jointly moved for an order confirming an

arbitration decision and award dated February 20, 2007. The court hereby GRANTS

the motion in its entirety and CONFIRMS the arbitration award. In accordance with

the arbitration award, the Clerk shall enter judgment as follows:

• $1,830,769.70 in favor of Banc of America Strategic Solutions, Inc.

(BASSI) against Mohamed.

• $1,830,769.70 in favor of BASSI against Salico Farms.

• $1,830,769.70 in favor of BASSI against 4M Farms.

2. IT IS FURTHER ORDERED that Mohamed shall take nothing on his crossCase 3:07-cv-00446-JLS-AJB Document 6 Filed 04/09/07 Page 1 of 2
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-2- 07cv446

claims against BASSI and Bank of America.

3. IT IS FURTHER ORDERED that BASSI has a valid and perfected security

interest in Mohamed’s general intangibles owned at any time since execution of the

1987 security agreement.

4. IT IS FURTHER ORDERED that BASSI has a valid and perfected security

interest in Mohamed’s machinery and equipment owned at any time since execution of

the 1987 security agreement.

5. The court hereby issues a WRIT OF POSSESSION for all of Mohamed’s

inventory, receivables, machinery, and equipment, including but not limited to all items

listed on Exhibit 1 to the arbitration award, except for items 2, 13, 14, 32, 36, 37, 38,

39, 46, and 62.

6. The court hereby issues a TURNOVER ORDER in aid of execution for the

personal property identified in paragraphs 4 and 5.

7. The court hereby issues a WRIT OF POSSESSION for 176 pieces or 5,280

lineal feet of 10-inch gated aluminum pipe, 417 pieces or 16, 680 lineal feet of 10-inch

mainline irrigation pipe, and 12, 071 pieces or 362,130 lineal feet of 3-inch-by-30-foot

sprinkler pipe with risers.

8. BASSI and Bank of America are the prevailing parties in the action. The

arbitration award is in full settlement of all claims and counterclaims submitted in the

arbitration. All claims not expressly granted therein are denied.

9. This order supercedes the order dated April 4, 2007 in its entirety.

IT IS SO ORDERED.

DATED: April 9, 2007

Hon. Thomas J. Whelan

United States District Judge

Case 3:07-cv-00446-JLS-AJB Document 6 Filed 04/09/07 Page 2 of 2