Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_14-cv-00728/USCOURTS-cand-3_14-cv-00728-22/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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United States District Court

Northern District of California

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

TELECOM ASSET MANAGEMENT, LLC,

Plaintiff,

v.

FIBERLIGHT, LLC,

Defendant.

Case No. 14-cv-00728-SI 

ORDER RE: FORM OF BOND

The Court held telephonic status conferences on February 23 and 24, 2017 in an effort to 

finalize the form of defendant FiberLight, LLC’s (“FiberLight’s”) proposed supersedeas bond. 

The Court has reviewed the latest draft language provided by the parties and orders as follows:

For purposes of FiberLight’s motion for stay of execution, the Court will accept

FiberLight’s proposed form of bond (the redlined version attached to Mr. Van Zandt’s email to 

Tracy Kasamoto dated 2/24/17 at 2:45 pm), but only if FiberLight makes certain modifications. In 

numbered paragraph 1, FiberLight shall adjust the language in accordance with the following:

Principal will pay to Plaintiff either: (i) the amount of the Final Judgment if, as and in the 

amount affirmed on appeal plus post-judgment interest accrued through the date of 

payment at the rate of 0.56% per annum, and any costs or other amounts awarded to 

Plaintiff on or after appeal, as established by the Mandate; or (ii) in the event of remand 

by the Appellate Court for further or different damage analysis, the amount of the 

Court’s judgment following remand, and any costs or other amounts awarded to 

Plaintiff on or after appeal; or (iii) the amount of the Original Judgment, if the Appeal is 

abandoned or dismissed in a manner that leaves the Original Judgment intact plus postjudgment interest accrued through date of payment at the rate of 0.56% per annum, and 

any costs or other amounts awarded to Plaintiff on or after appeal (the “Payment 

Amount”).

In numbered paragraph 3, FiberLight shall adjust the language in accordance with the 

following:

Upon written demand by the Plaintiff delivered to the Surety at the 

address set forth below, the Surety will pay the Payment Amount 

Case 3:14-cv-00728-SI Document 211 Filed 02/27/17 Page 1 of 2
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United States District Court

Northern District of California

directly to Plaintiff, if Principal has not paid the Payment Amount to 

Plaintiff within seven (7) business days after the earlier of (i) the 

date the Appeal is abandoned by the Principal; (ii) the date the 

Appeal is dismissed in a manner that leaves the Original Judgment 

intact and that does not result in the issuance of a Mandate; or (iii) 

the date of the Court’s judgment following remand; or (iv) the 

date the Mandate is docketed by the Clerk (the “Payment Date”).

If FiberLight submits a proposed supersedeas bond in accordance with the form submitted 

to the Court that reflects the above changes on or before March 1, 2017, the Court will consider 

the bond for purposes of FiberLight’s motion for stay of execution. If they so choose, the parties 

may lodge a two-page joint statement with the final proposed bond identifying any remaining 

issues for the Court’s attention, aside from the form of the bond.

IT IS SO ORDERED.

Dated: February 27, 2017

______________________________________

SUSAN ILLSTON

United States District Judge

Case 3:14-cv-00728-SI Document 211 Filed 02/27/17 Page 2 of 2