Document ID: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-2_14-cv-01388/USCOURTS-caed-2_14-cv-01388-0/pdf.json

Parties Involved:
Bunge Milling, Inc.
Plaintiff
Global Commodities Trading Group, Inc.
Defendant

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UNITED STATES DISTRICT COURT 

FOR THE EASTERN DISTRICT OF CALIFORNIA 

BUNGE MILLING, INC., an Illinois 

corporation, dba PACIFIC 

INTERNATIONAL RICE MILLS, 

Plaintiff, 

v. 

GLOBAL COMMODITIES TRADING 

GROUP, INC., a California corporation 

and DOES 1-50, inclusive, 

Defendant. 

No. 2:14-CV-01388-KJM-CKD 

ORDER 

1. Plaintiff BUNGE MILLING, INC., an Illinois corporation, dba PACIFIC 

INTERNATIONAL RICE MILLS (“BUNGE”) and Defendant GLOBAL COMMODITIES 

TRADING GROUP, INC., a California corporation (“GLOBAL”), agree that judgment shall be 

entered in favor of Plaintiff BUNGE MILLING, INC. dba PACIFIC INTERNATIONAL RICE 

MILLS, as follows: 

2. Judgment is hereby entered in favor of Plaintiff BUNGE in the amount of Two 

Hundred Seventy-Five Thousand Dollars ($275,000.00); 

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3. Bunge acknowledges and agrees that AIG/The Insurance Company of 

Pennsylvania (collectively “AIG”) has senior subrogation rights on the accounts receivable 

commonly referred to as the BACHOSA account; 

4. BUNGE acknowledges and agrees that Poinsett Rice & Grain (“Poinsett”) has a 

senior U.C.C. lien on all of GLOBAL’s accounts receivable (subject only to the senior rights of 

AIG on the BACHOSA account); 

5. BUNGE agrees that other than perfecting its judgment lien, which it acknowledges 

will be subordinate to the secured rights of AIG and Poinsett, it will forbear from enforcing 

collection of its stipulated judgment until after AIG and Poinsett have been paid in full by 

GLOBAL and/or AIG and Poinsett have, respectively, agreed to and accepted payment of lesser 

sums from GLOBAL and/or have agreed to no longer seek payment from GLOBAL. The parties 

agree that this provision will not apply in the event that GLOBAL files bankruptcy or a receiver is 

appointed or is otherwise involved in proceedings arising out of its insolvency; 

6. BUNGE agrees that it will allow Global, AIG and/or Poinsett to pursue collections 

of Global’s accounts/receivable and will not interfere with such collection efforts; 

7. GLOBAL agrees to provide BUNGE with semi-annual status reports on its 

collection efforts. However, upon BUNGE's request, GLOBAL shall provide BUNGE with an 

update/status report regarding any payments made to AIG and/or POINSETT; 

8. GLOBAL agrees to provide written notice to Bunge within seven (7) days of the 

date(s) when final payment has been made to Poinsett and/or AIG have been made and/or 

Poinsett and/or AIG have agreed to no longer seek payment from GLOBAL. GLOBAL SHALL 

mail such written notice to BUNGE at the following addresses: Bunge Milling, Inc., c/o Legal 

Department, 11720 Borman Drive, St. Louis, MO 63146; 

9. The total Judgment amount shall bear interest as set forth in 28 U.S.C. § 1961 until 

satisfied; 

10. Each party shall bear its own costs and attorney’s fees. 

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11. The court declines continuing jurisdiction over the parties’ agreement. See

Kokkonen v. Guardian Life Ins. Co. of Am., 511 U.S. 375, 381 (1994). Absent an independent 

basis of federal jurisdiction, enforcement of the agreement is for the state courts. See id. at 382. 

IT IS SO ORDERED. 

DATED: September 29, 2015 

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