Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-azd-3_03-cv-00846/USCOURTS-azd-3_03-cv-00846-2/pdf.json

Nature of Suit Code: 190
Nature of Suit: Other Contract Actions
Cause of Action: 28:1332 Diversity-Breach of Contract

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WO

IN THE UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF ARIZONA

Mauna Loa Vacation Ownership, L.P., a

Hawaiian limited partnership, and

Stevens, a single man, 

Plaintiffs, 

vs.

Accelerated Assets, L.L.C., an Arizona

limited liability company, 

Defendant. 

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No. CV-03-0846-PCT-DGC

ORDER AND JUDGEMENT

Defendant Accelerated Assets, L.L.C. has filed a motion to enforce a settlement

agreement with Plaintiffs Mauna Loa Vacation Ownership, HLP and John Stevens.

Dkt. #136. Plaintiffs have not responded. The Court will grant the motion.

Following a bench trial in February of 2006, the Court granted judgment to Defendant

on its counterclaim. Dkt. #128. The parties then entered into a settlement agreement titled

a “Stand Still Agreement.” Dkt. #136, Ex. 1. The Court dismissed the case, but reserved

jurisdiction to enforce the agreement. Dkt. #135.

Plaintiffs made some payments required by the agreement, but later told Defendant

they would not make the final payment when it became due. Dkt. #136, Ex. A ¶ 7. The

parties then entered into a Forebearance Agreement, by which Defendant agreed not to

enforce the Stand Still Agreement until January 31, 2007, provided that Plaintiffs pay an

additional extension fee. Id; see also Dkt. #136, Ex. 2. On February 1, 2007, Plaintiffs

Case 3:03-cv-00846-DGC Document 137 Filed 05/16/07 Page 1 of 2
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requested an additional extension until February 28, 2007 to pay the amount owed. Id.,

Ex. 3. Defendant stated that it would grant a final extension until March 15, 2007, but would

wait no longer to enforce the Stand Still Agreement. Id. Plaintiffs have not made the

required payment and have indicated that they will not be making the payments in the near

future. Id., Ex. A. 

Defendant quantifies the amount owed as $542,664.53 as of March 15, 2007, with

interest accruing at $167.18 per day. Id., Ex. B. Although Defendant argues that Plaintiffs

consented to the quantification of this amount in an email attached as the second of the

exhibits labeled “Exhibit 2,” the email does not contain express consent by the Plaintiffs

regarding the quantification procedures. Id., Ex. 2.

The Court properly retained the authority to enforce the Stand Still Agreement. See

Kokkonen v. Guardian Life Ins. Co. of America, 511 U.S. 375, 381-82 (1994); Callie v. Near,

829 F.2d 888, 890 (9th Cir. 1987). The Court has reviewed the amount Defendant claims

Plaintiffs owe, and agrees that Plaintiffs owe this amount and have failed to pay it. The

proper means by which to enforce the Stand Still Agreement is to enter judgment against

Plaintiffs for the amount due. See TNT Marketing, Inc. v. Agreseti, 796 F.2d 276, 278 (9th

Cir. 1986). Defendant is not precluded from requesting attorney’s fees in a separate motion.

IT IS ORDERED:

1. Defendant’s motion to enforce the settlement agreement (Dkt. #136) is

granted.

2. Judgment is granted to Defendant and against Plaintiffs Mauna Loa Vacation

Ownership, HLP and John Stevens in the amount of $542,664.53 plus interest

of $167.18 per day from March 15, 2007. 

DATED this 15th day of May, 2007.

Case 3:03-cv-00846-DGC Document 137 Filed 05/16/07 Page 2 of 2