Boustead Securities, LLC v. Leaping Group Co., TLD. & Atif Holdings Ltd.
- Valerie Caproni
- 1:20-cv-03749
- U.S. District Court · Southern District of New York
- 2
In Boustead Securities v. Leaping Group, Judge Caproni entered judgment for Boustead awarding $794,062 plus $394,529.16 in prejudgment interest.
Boustead Securities, LLC received a judgment for $794,062 plus $394,529.16 in prejudgment interest. Leaping Group Co., TLD. & Atif Holdings Ltd. are the defendants against whom the judgment was entered. The case was closed.
What happened
Boustead Securities, LLC v. Leaping Group Co., TLD. & Atif Holdings Ltd. ended with judgment for Boustead Securities, LLC. The court adopted the report and recommendation in full and awarded $794,062 in damages.
The judgment also awarded $394,529.16 in prejudgment interest. The interest was calculated at 9% per year from April 22, 2020, using the $794,062 principal amount. The court stated that the parties’ failure to object to the report and recommendation prevented appellate review of the decision, and the case was closed.
Judge Valerie Caproni entered the judgment on October 28, 2025. The judgment does not explain the underlying claims or the reasons for awarding the damages beyond referring to the court’s October 24 and October 28 orders.
The detailed version
- Boustead Securities, LLC v. Leaping Group Co., TLD. & Atif Holdings Ltd. · No. 1:20-cv-03749
- Valerie Caproni
- Oct. 28, 2025
Disposition
The court adopted the report and recommendation (R&R) in full and entered judgment for Boustead Securities, LLC. It awarded $794,062 in damages against Leaping Group Co., TLD. & Atif Holdings Ltd. The judgment also awarded $394,529.16 in prejudgment interest, for a stated total interest amount of $394,529.16 in addition to the damages.
Interest
The judgment states that New York Civil Practice Law and Rules § 5001 governs prejudgment interest. It directs that interest be calculated using $794,062 as the principal amount, beginning April 22, 2020, described as the earliest ascertainable date the cause of action existed. The stated interest rate is 9% per year, citing New York Civil Practice Law and Rules §§ 5001 and 5004.
Objections and Case Status
The court stated that the R&R gave the parties adequate warning about the consequences of failing to object. Because neither party filed objections, the court held that appellate review of the decision was waived under the authority cited in the judgment. The case was closed.
The judgment refers to the court’s October 24, 2025 Order and October 28, 2025 Amended Order for the reasons supporting the result. The supplied opinion text does not describe the underlying claims, the parties’ arguments, or the factual basis for the damages award.
Read the full 2-page opinion on CourtListener, the free public archive maintained by the Free Law Project.