Full opinion text
MEMORANDUM OPINION AND ORDER JAMES O. BROWNING, District Judge. THIS MATTER comes before the Court on Plaintiff Biomoda, Inc.’s Motion for Summary Judgment on Compensatory Damages Against Defendants John W. Kearns and Alvin D. Robins, filed November 25, 2009 (Doc. 132) (“Motion”). The Court held hearings on August 4, 2010 and November 12, 2010. The primary issues are: (i) whether the Court should treat pro se Defendant Alvin D. Robins’ Response by Alvin Robins to Biomoda, Inc.’s Motion for Summary Judgment on Biomoda, Inc.’s First Amended Complaint, filed July 9, 2010 (Doc. 146) (“Response”), as a motion under the Federal Rule of Civil Procedure to set aside the Court’s Default Judgment as to Liability Against Defendants Alvin D. Robins and John W. Kearns, filed December 22, 2008 (Doc. 108) (“Default Judgment”), granting Biomoda default judgment against A. Robins for liability; (ii) whether, if the Court treats A. Robins’ Response as a motion to set aside the Default Judgment, the Court should grant the request to set aside the Default Judgment; and (iii) whether, if the Court does not set aside the Default Judgment, the Court should enter summary judgment for Biomoda in the amount of $694,316.00 as compensatory damages and post-judgment interest pursuant to 28 U.S.C. § 1961(a). The Court denies A. Robins’ request that the Court vacate its Default Judgment, and grants Biomoda’s Motion in part, awarding compensatory damages in the amount of $35,000.00 and post-judgment interest. FACTUAL BACKGROUND A. Robins served without compensation as a representative of Biomoda on the express request and with the approval of Biomoda’s president, John Cousins. See Response ¶ 5, at 2-3; Reply in Support of Motion for Summary Judgment on Compensatory Damages at 5, filed July 29, 2010 (Doc. 147) (“Reply”) (not controverting this fact). Specifically, A. Robins was an agent to negotiate for a period of one year with Los Alamos National Laboratories (“LANL”). See Response ¶ 5, at 2-3 (setting forth this fact); Reply at 5 (not controverting this fact). A. Robins states that Cousins worked “arm in arm” with him, encouraging and requesting A. Robins to provide services on Biomoda’s behalf to save Biomoda from losing all its then patented technology under license to LANL. Response ¶ 6, at 3 (setting forth this fact). See Reply at 5 (not controverting this fact). A. Robins and Cousins met with multiple representatives of LANL at LANL’s offices in Los Alamos, New Mexico, in negotiations that A. Robins organized and chaired. See Response ¶ 7, at 3 (setting forth this fact); Reply at 5 (not controverting this fact). A. Robins states that these negotiations resulted in the successful renegotiation of Biomoda’s license with LANL, saving Biomoda upwards of $786,000.00 at that time. See Response ¶ 7, at 3 (setting forth this fact); Reply at 5 (not controverting this fact). 1. Facts Relating to Biomoda’s Claims Against A. Robins. In 2003 and 2005, in an effort to raise funds, Biomoda filed and amended a form SB-2 registration statement with the Security Exchange Commission (“SEC”) seeking to offer a total of 6,000,000 shares of stock to the public (“SB-2 offering”). See First Amended Complaint for Common Law Fraud, Violation of Federal and New Mexico Securities Laws, Conversion, Breach of Fiduciary Duty, and Racketeering ¶ 13, at 4, filed October 16, 2008 (Doc. 92) (“FAC”). On February 11, 2005, the SEC declared effective the combined total SB-2 offering of 6,000,000 shares at $3.00 per share. See FAC ¶ 13, at 4. No sales of stock took place pursuant to these registered offerings. See FAC ¶ 13, at 4. Biomoda later decided to initiate quotations of its common stock on the Over the Counter Bulletin Board, requiring it to terminate the SB-2 offering, which Biomoda did on or about July 19, 2006. See FAC ¶ 14, at 4. The First Amended Complaint states that the Defendants flooded the market with Biomoda shares through: (i) fraudulent legal opinions that Defendant John W. Kearns wrote, which misrepresented the status of Biomoda’s terminated SB-2 offering; and (ii) through the sale of Biomoda’s shares that Advanced Optics Electronics, Inc. (“AJDOT”) transferred at least in part through Beaver Information Technology (“BIT”), a “front” registered to A. Robins address. See FAC ¶¶ 16-23, 35-37, at 5-7. In the process of flooding the market with Biomoda shares, the Defendants allegedly caused the transfer of millions of unrestricted shares of Biomoda stock for no consideration or for prices well below market. See FAC ¶¶ 17-23, 35-37, at 5-7. The FAC also identifies Defendant Leslie Robins’ alleged misappropriation of Biomoda’s funds and property, including its stock. These alleged misappropriations include $35,000.00 withdrawn unlawfully from Biomoda’s bank account, and the transfer of unrestricted Biomoda shares to family members and friends in exchange for sham “services.” FAC ¶¶ 21-25, 46, at 7-8, 15. The FAC states that all of the unlawful acts committed by each of the Defendants were undertaken pursuant to the conspiracy in which each of them was a co-conspirator. See FAC ¶ 73, at 21-22. 2. Facts Relating to the Damages that Biomoda Allegedly Sustained. The parties present sworn testimony offering conflicting accounts of the damages Biomoda sustained. Biomoda states that its business records demonstrate that 1,768,000 shares of its unrestricted stock were issued as a result of the fraudulent misrepresentations that Kearns made concerning the status of its terminated SB-2 offering. See Affidavit of John Cousins ¶ 4, at 2, filed November 11, 2009 (Doc. 132-1); FAC ¶ 17, at 5-6. L. Robins then allegedly transferred these shares, nominally on behalf of Biomoda, to himself, BIT, Kearns, and other parties for little or no consideration. See FAC ¶¶ 21-22, at 7. These persons then immediately resold the stock to the public at a gain to themselves, but at prices allegedly well below the market value of the stock immediately preceding the re-sales. See FAC ¶ 23, at 7. Such sales allegedly had the effect of driving the Biomoda shares market value sharply downward. See FAC ¶ 23, at 7. Thus, Biomoda contends that, in exchange for the 1,768,000 unrestricted shares issued and transferred in this fashion as a result of Kearns’ misrepresentations about the SB-2 offering, it was paid a total of $76,666.66. See Cousins Aff. ¶ 4, at 2; Motion ¶ 8, at 3. See also FAC ¶ 17, at 6 (“Leslie Robins caused the transfer agent to issue approximately 1.768 million shares, which [L.] Robins caused to be sold or otherwise distributed.”). Had Biomoda received market price for those shares at the time they were issued, Biomoda would have received $362,860.00 See Cousins Aff. ¶ 4, at 2; Motion ¶ 8, at 3. Biomoda contends that the damage caused by the inadequate consideration received for the fraudulently issued shares was therefore $286,193.00. See Cousins Aff. ¶ 4, at 2; Motion ¶ 8, at 3. Biomoda’s damage calculation does not attempt to account for the harm to the market value of Biomoda’s shares or the harm to Biomoda’s ability to borrow at favorable rates, resulting from the “flooding” of the market with Biomoda shares that the misrepresentation of the status of the SB-2 offering caused. Cousins Aff. ¶ 9, at 4; Motion ¶ 8, at 3-4. Biomoda also contends that its business records demonstrate that, on March 3, 2005, BIT received 100,000 unrestricted shares of Biomoda stock, but paid no consideration for those shares. See Cousins Aff. ¶ 5, at 2; Motion ¶ 9, at 4. On the date the shares were issued to BIT, Biomoda’s shares were worth $2.50 per share. See Cousins Aff. ¶ 5, at 2; Motion ¶ 9, at 4. The difference between the value of the shares issued to BIT and the consideration Biomoda contends it received is $250,000.00. See Cousins Aff. ¶ 5, at 2; Motion ¶ 9, at 4. Biomoda further contends that its business records demonstrate that, in May and June of 2007, BIT sold 613,260 unrestricted shares of Biomoda stock to Hope Capital, Inc. See Cousins Aff. ¶ 6, at 3; FAC ¶ 25, at 11; Motion ¶ 10, at 4. Biomoda asserts that BIT had obtained these shares from L. Robins, nominally acting on Biomoda’s behalf, for no consideration. See Cousins Aff. ¶ 6, at 3; Motion ¶ 10, at 4. Biomoda received $110,000.00 in payment for these shares, but their market value at the time of the sale to Hope was $233,114.00. See Cousins Aff. ¶ 6, at 3; FAC ¶ 25, at 11 (“Over 600,000 of the subject shares were transferred by Leslie Robins to Hope Capital for approximately $110,000 in May and June 2007, effectively at approximately $0.18 per share”); Motion ¶ 10, at 4. Biomoda calculates that the difference between the value of the shares and the consideration Biomoda received is therefore $123,114.00. See Cousins Aff. ¶ 6, at 3; Motion ¶ 10, at 4. A. Robins asserts that Biomoda received “well in excess of $700,000 cash from the sale of all the shares” for which Biomoda seeks damages in its Motion. Response ¶ 8(c), at 3. A. Robins further contends that “the shares of BMOD were worthless as to any cash value and without any value at the time cited by Cousins in his affidavit since they were all restricted shares carrying a legend that it was illegal for them to be sold or transferred.” Response ¶ 16, at 5. A. Robins also disputes whether the stock market price, which reflects the value of the “free trading shares in the open market in extremely limited numbers,” is indicative of the value of the shares. Response ¶ 25, at 8. In addition to seeking compensation for the Defendants’ issuance of shares of stock, Biomoda also seeks compensation for the $35,000.00 that L. Robins misappropriated from Biomoda’s bank account. See Cousins Aff. ¶ 7, at 3; FAC ¶ 46, at 15; Motion ¶ 11, at 4 (setting forth this fact); Response at 8 (not controverting this fact). In sum, Biomoda asserts that a conservative calculation of the compensatory damages that Biomoda sustained as a result of the Defendants’ conduct, and upon which Biomoda seeks summary judgment, results in a total of $694,316.00. See Cousins ¶ 7, at 3; Motion ¶ 11, at 4. This amount excludes interest, which Biomoda is not seeking in this motion. 3. Biomoda’s By-Laws. Section 5.01 of Biomoda’s By-Laws states: Every person who was or is a party to, or is threatened to be made a party to, or is otherwise involved in, any action, suit, or proceeding, whether civil, criminal, administrative, or investigative, by reason of the fact that such person is or was a Director or Officer of the Corporation or is or was serving at the request of the Corporation or for its benefit as a director or officer of another corporation, or as its representative in a partnership, joint venture, trust, or other enterprise, or is or was the legal representative of such a person, shall be indemnified and held harmless to the fullest extent legally permissible under and pursuant to the Act, against all expenses, liabilities, and losses (including without limitation attorneys’ fees, judgments, fines, and amounts paid or to be paid in settlement) reasonably incurred or suffered in connection therewith. Such right of indemnification shall be a contract right that may be enforced in any manner desired by such person. Such right of indemnification shall not be exclusive of any other right which such Directors, Officers, or representatives may have or hereafter acquire and, without limiting the generality of such statement, they shall be entitled to their respective rights of indemnification under any bylaw, agreement, vote of Shareholders, insurance, provision of law, or otherwise, as well as their rights under this Article. Response ¶ 5, at 2. PROCEDURAL BACKGROUND On August 29, 2007, Biomoda filed its verified Complaint for Common Law Fraud, Violation of Federal and New Mexico Securities Laws, Conversion, Breach of Fiduciary Duty, and Racketeering. See Doc. 1. The Complaint named three Defendants: L. Robins, A. Robins, and Kearns. On October 9, 2007, L. Robins filed Defendant Leslie S. Robins’ Answer to Biomoda Inc.’s Complaint and Counterclaim. See Doc. 14. 1.The FAC’s Relevant Allegations. On October 16, 2008, Biomoda filed its FAC. The FAC contains counts against A. Robins for common-law fraud, violation of the Securities Exchange Act of 1934, 15 U.S.C. § 78a and 17 C.F.R. § 240.10b-5, New Mexico Securities Act of 1986, 1986 N.M. Laws Chapter No. 7 (codified at NMSA 1978 §§ 58-13B-1 to -57 repealed by L. 2009, Ch. 82, § 703, eff. Jan. 1, 2010), conversion, civil conspiracy, breach of fiduciary duties or aiding and abetting such breaches, negligence, defamation, and violation of the federal Racketeer Influenced and Corrupt Organizations Act, 18 U.S.C. § 1962(a) to (d), and New Mexico Racketeering Act, NMSA 1978, § 30-42-3(D). See FAC Counts I-VI, VIII-IX, at 18-27. Pursuant to 18 U.S.C. § 1964 and NMSA 1978, § 30-42-6A, Biomoda alleged entitlement to treble damages, costs, and attorney fees for injury to Biomoda’s business and property that A. Robins’ and Kearns’ racketeering activity caused. See FAC ¶ 96, at 26-27. The FAC states, in relevant part, that the Defendants conspired to “put[ ] at least 3,610,000 shares of facially unrestricted stock in circulation, by various means.” FAC ¶ 16, at 5. Kearns issued legal opinions that a terminated stock was still open, which L. Robins used to “cause[] the transfer agent to issue approximately 1.768 million shares, which Mr. Robins caused to be sold or otherwise distributed.” FAC ¶ 17, at 5-6. “Over 600,000 of the subject shares were transferred by [L.] Robins to Hope Capital for approximately $110,000 in May and June 2007, effectively at approximately $0.18 per share.” FAC ¶ 35, at 11. The FAC also states that L. Robins “removed $35,000 from Biomoda’s account without the permission or authorization of Biomoda.” FAC ¶ 46, at 15. 2. Entry of Default Judgment as to Liability. Kerns and A. Robins did not file answers to the initial Complaint or to the FAC, and on October 15, 2008, Biomoda filed a Motion for Default Judgment against them. See Doc. 91. Kerns and A. Robins did not oppose the motion. The Court entered a default, See Clerk’s Entry of Default, filed December 5, 2008 (Doc. 101), and a Default Judgment on liability against Kerns and A. Robins. The Default Judgment imposes liability on Kearns and A. Robins under theories which include civil conspiracy. The Court “awarded Judgment against Defendant Alvin D. Robins and against Defendant John W. Kearns for liability with respect to each count asserted against them in Plaintiffs’ Amended Complaint,” and reserved “for subsequent determination by the Court” the determination of damages to be awarded. Default Judgment at 1. 3. Discovery Deadline. The Court set discovery deadlines of October 30, 2009, and November 19, 2009, for discovery and discovery motions respectively. See Joint Status Report and Provisional Discovery Plan at 4, filed December 18, 2008 (Doc. 103); Transcript of Initial Scheduling Conference at 17:16-18, filed February 20, 2009 (Doc. 116) (Court). The Court also set deadlines of June 30, 2009 and August 28, 2009, for the Plaintiffs and for the Defendants, respectively, to identify their expert witnesses. See Transcript of Initial Scheduling Conference at 17:18-21 (Court). A. Robins did not conduct any discovery and has not disclosed any expert witnesses. 4. Biomoda’s Motion for Summary Judgment. Following the Court’s entry of Default Judgment as to liability against Kearns and A. Robins, on November 25, 2009, Biomoda submitted its Motion requesting summary judgment on damages. Biomoda contends that it is entitled to $694,316.00 in compensatory damages and post-judgment interest calculated pursuant to 28 U.S.C. § 1961(a). Biomoda has concluded that A. Robins is not likely able to respond to a judgment any greater than it seeks in its Motion, rendering proceedings seeking damages beyond this amount effectively unnecessary. Accordingly, Biomoda states that, if the Court grants summary judgment in the sum it has requested in its motion for summary judgment, it recognizes that it will, necessarily, forgo claims for the greater amount of damages that may have been incurred. Biomoda does not seek, for example, consequential damages, exemplary damages of any kind, prejudgment interest, or attorney fees. Biomoda states that, if the Court does not grant summary judgment, and the matter proceeds to trial, Biomoda will seek these and other damages, and a significantly higher judgment. According to Biomoda, A. Robins’ and Kearns’ time to respond to the motion for summary judgment expired on December 14, 2009. See D.N.M.LR-Civ. 7.4(a) (“[A] response must be served and filed within fourteen (14) days after service of the motion, including a motion for summary judgment.” (citation omitted)). On December 28, 2009, A. Robins filed a Motion for Dismissal. See Doc. 133. On December 30, 2009, Biomoda filed a Notice of Completion of Briefing. See Doc. 134. In the Notice, and pursuant to D.N.M.LR-Civ. 7.4(a), Biomoda gave notice to the Court of completion of briefing with respect to its motion for summary judgment on compensatory damages. Biomoda requests that the Court enter judgment in the amount of $694,316.00, plus post-judgment interest calculated pursuant to 28 U.S.C. § 1961(a), against A. Robins and Kearns. On December 31, 2009, A. Robins filed a Motion to Strike Pleading, opposing the Biomoda request for judgment on damages and explaining that his Motion to Dismiss addressed Biomoda’s damages calculations. See Doc. 137. The Court set the hearing on all pending motions for June 10, 2010. The Court’s Courtroom Deputy Clerk talked to parties, and asked whether A. Robins would be interested in withdrawing his motions and instead filing a response to Biomoda’s motion for summary judgment. The parties agreed to cut through the paper and get to the issues. On June 9, 2010, A. Robins filed, as discussed, a motion to dismiss his pending motions on the understanding that the hearing set for June 10, 2010 would be vacated and that an order would be entered granting him thirty days to file a responsive pleading. See Motion by Alvin D. Robins to Dismiss All Pending Motions of Alvin D. Robins, filed June 9, 2010 (Doc. 142). A. Robins stated that it was his intent to file a responsive pleading to all pending matters that Biomoda had filed. A. Robins said he would file his responsive pleading within thirty days of the date of an order granting his motion. He said that he filed his motion in an effort to achieve judicial economy. A. Robins stated that his motion was brought in good faith and without any intent to hinder or delay the proceedings. Before the Court granted A. Robins’ motion to dismiss all of his pending motions, the Court’s Courtroom Deputy Clerk confirmed that there was no opposition to the motion by Tom Bird of Keleher & McLeod, Biomoda’s counsel. See Amended Order, filed June 10, 2010 (Doc. 145). Accordingly, the Court vacated the motion hearing scheduled for June 10, 2010, and allowed A. Robins until July 9, 2010 to file a response to Biomoda’s motion for summary judgment. See Amended Order. The Court scheduled a motion hearing on Biomoda’s motion for summary judgment for August 4, 2010. During the pendency of the Motion, Biomoda learned that Kearns passed away on May 20, 2009. See Suggestion of Death, filed December 30, 2009 (Doc. 135). Biomoda decided not to substitute his estate or another party, See Fed.R.Civ.P. 25(a)(1), and the Clerk of the Court terminated Kearns from the case on June 10, 2010. Biomoda and L. Robins settled their claims, and on July 15, 2009, on joint motions of Biomoda and L. Robins, the Court dismissed with prejudice L. Robins and all claims by and against him. See Order Dismissing Certain Claims, Counterclaims, and Leslie Robins, filed July 15, 2009 (Doc. 128). 5. A. Robins’Response. On July 9, 2010, A. Robins filed his response to Biomoda’s motion for summary judgment. Appearing pro se, A. Robins opposes Biomoda’s motion for summary judgment. Attached to his response was a copy of his answer to the FAC. In his Response, A. Robins contends that he held his answer in abeyance subject to an agreement between him, Biomoda, and ADOT. A. Robins contends he provided his answer to Biomoda and ADOT in October, 2008. Based on an agreement between A. Robins, Herbert L. Whitaker, Executive Vice-President of Biomoda, and L. Robins, the Executive Vice-President of Advanced Optics Electronics, Inc., A. Robins contends that the answer was withheld from filing with the Court until and unless either Whitaker or another officer of Biomoda, or L. Robins or another officer of ADOT, sent, by certified letter or hand service, notification to A. Robins that all negotiations and settlement discussions were complete or otherwise abandoned. Upon receipt of such notification, A. Robins was to have fifteen days to file his response to Biomoda’s Complaint. A. Robins represents that he never received notice of completion of settlement discussions from Whitaker or any other representative of Biomoda, or from L. Robins or any other representative of ADOT. A. Robins directs the Court, for his specific response to the sole remaining claim for compensatory damages sought in the motion for summary judgment, to section 5.01 of Biomoda’s by-laws, which indemnifies a person [who] is or was a Director or Officer of the Corporation or is or was serving at the request of the Corporation or for its benefit as a director or officer of another corporation, or as its representative in a partnership, joint venture, trust, or other enterprise, or is or was the legal representative of such a person.... Response ¶ 5, at 2. A. Robins contends that Biomoda has breached its contract with him. Regarding compensatory damages, A. Robins disputes both Biomoda’s valuation of its shares and the amount of compensation Biomoda received in exchange for the shares. He contends that Biomoda received “well in excess of $700,000 cash from the sale of all the shares” for which Biomoda seeks damages in its Motion. Response ¶ 8(c), at 3. A. Robins further contends that “the shares of BMOD were worthless as to any cash value and without any value at the time cited by Cousins in his affidavit since they were all restricted shares carrying a legend that it was illegal for them to be sold or transferred.” Response ¶ 16, at 3. A. Robins also disputes whether the stock market price, which reflects the value of the “free trading shares in the open market in extremely limited numbers,” is indicative of the value of the shares. Response ¶ 25, at 8. A. Robins advances a number of arguments directed at the merits of Biomoda’s claims. See Response ¶¶ 5-7, at 2-3 (asserting a right to indemnification under Biomoda’s by-laws, because A. Robins worked to negotiate issues related to Biomoda’s patent rights with Los Alamos National Laboratories); Response f8(a), at 3 (contesting the adequacy of evidence showing that Beaver Information Technology was connected to or operated by Alvin Robins); Response ¶ 8(b), at 3 (arguing, despite allegations in the FAC of A. Robins’ direct wrongdoing and his participation in a civil conspiracy, that alleged wrongdoings were never alleged to have been done by A. Robins, directly or indirectly); Response ¶ 19, at 6 (arguing that conspiracy allegations fail because Alvin Robins is the sole remaining defendant); Response ¶¶ 20-22, 6-7 (arguing that Biomoda has released Alvin Robins in its settlement with Leslie Robins, without mentioning that the Order implementing the settlement, Doc. 122, specifically reserved the judgment and claims against Alvin Robins); Response ¶25, 7-8 (arguing that the damages calculations improperly fail to account for significant discounts resulting from restrictive legends on the unregistered shares); Response ¶ 28, at 9 (arguing that “there is not a single alleged fact that is backed up by any independent corroboration or documentation whatsoever”). 6. Biomoda’s Reply. On July 29, 2010, Biomoda filed its Reply. Biomoda submits its reply to address the arguments and assertions in A. Robins’ response. Biomoda argues that A. Robins’ Response misapprehends the procedural posture of the case, because it addresses the merits of Biomoda’s claims. Biomoda contends that, pursuant to rules 55 and 60(b) of the Federal Rules of Civil Procedure, A. Robins’ arguments addressing the merits of its claims are foreclosed, because the Court entered Default Judgment against A. Robins. Biomoda asserts that rule 16(b) forecloses A. Robins’ arguments that suggest a need for additional discovery or expert input, because “[a] schedule may be modified only for good cause and with the judge’s consent.” Fed. R. Civ. Pro. 16(b)(4). Biomoda further argues that A. Robins’ Response is inadequate under rule 56(d) to establish a requirement for additional discovery, because it does not “state, with specificity, what additional discovery is believed necessary.” Schaefer v. Antill, 2007 WL 709046, at *10 (D.N.M.) (Browning, J.) (citing Burke v. Utah Transit Auth. and Local 382, 462 F.3d 1253, 1264 (10th Cir.2006); Chavez v. Perry, 142 Fed.Appx. 325, 334 (10th Cir.2005)). 7. Hearings. The Court held a hearing on August 4, 2010. The day before the hearing, on August 3, 2010, A. Robins sent a facsimile transmission to the Court, which the Court construed as a motion to continue for medical reasons. See Facsimile Transmission from A. Robins to the Court (dated August 3, 2010), filed August 3, 2010 (Doc. 149). A. Robins did not appear at the hearing and refused to attend telephonieally. The Court allowed Biomoda to argue in support of its Motion with the understanding that the Court would not rule on the motion for summary judgment until A. Robins had an opportunity to address Biomoda’s arguments, if he so chose. See Memorandum Order and Opinion, filed August 5, 2010, 2010 WL 3827997 (Doc. 150). Biomoda argued that it did not have an agreement with A. Robins to allow him to postpone filing his answer. Rather, Biomoda contended that A. Robins wrote it asserting such an agreement existed, but that both L. Robins and Whitaker stated that no such argument had been established. Biomoda did not respond to A. Robins’ communication and proceeded on the understanding that no agreement existed. Biomoda conceded that any factual disputes would go to a jury and would not be decided by the Court. Biomoda cited— in support of its argument that no agreement existed — A. Robins’ failure to bring up the alleged argument in response to Biomoda’s motion for default or the Court’s entering default against him. Biomoda reasserted that it engineered its damages calculation for summary judgment and that, if the case proceeded to trial, then Biomoda would seek substantially higher damages. On August 16, 2010, A. Robins sent a facsimile transmission to the Court asking for an opportunity to argue orally in response the Biomoda’s oral argument. See Facsimile Transmission from A. Robins to the Court (dated August 16, 2010), filed August 16, 2010 (Doc. 153). The Court scheduled a hearing on October 6, 2010. On October 6, 2010, A. Robins again sent a facsimile transmission to the Court, which the Court construed as another motion to continue for medical reasons. See Facsimile Transmission from A. Robins to the Court (dated October 6, 2010), filed October 6, 2010 (Doc. 155). The Court granted the motion and continued the hearing until November 12, 2010. See Order, filed October 6, 2010 (Doc. 156). On November 12, 2010, the Court held a second hearing on Biomoda’s Motion. Despite repeated invitations from the Court to attend the hearing telephonically, A. Robins insisted on attending in person. A. Robins disputed Biomoda’s damages calculation. He argued that L. Robins and Cousins were each given 490,000 shares of Biomoda stock in 2002 as part of the salvage of Biomoda, and that the 100,000 shares given to BIT came from the shares L. Robins received. A. Robins further contended that, as part of the settlement agreement between Biomoda and L. Robins, in April 2009, L. Robins returned 90,-000 of the shares Biomoda alleged were sold to Standard Asset Management for no consideration, which were part of the 1,768,000 shares on which Biomoda based its damages. LEGAL STANDARD FOR MOTIONS FOR SUMMARY JUDGMENT Rule 56(c) of the Federal Rules of Civil Procedure states that summary judgment “should be rendered if the pleadings, the discovery and disclosure materials on file, and any affidavits shove' that there is no genuine issue as to any material fact and that the movant is entitled to judgment as a matter of law.” Fed.R.Civ.P. 56(c)(2). The movant bears the initial burden of “showing] that there is an absence of evidence to support the nonmoving party’s case.” Bacchus Indus., Inc. v. Arvin Indus., Inc., 939 F.2d 887, 891 (10th Cir.1991) (internal quotation marks omitted). See Celotex Corp. v. Catrett, 477 U.S. 317, 323, 106 S.Ct. 2548, 91 L.Ed.2d 265 (1986). Once the movant meets this burden, rule 56(e) requires the non-moving party to designate specific facts showing that there is a genuine issue for trial. See Celotex Corp. v. Catrett, 477 U.S. at 324, 106 S.Ct. 2548; Anderson v. Liberty Lobby, Inc., 477 U.S. 242, 256, 106 S.Ct. 2505, 91 L.Ed.2d 202 (1986); Vitkus v. Beatrice Co., 11 F.3d 1535, 1539 (10th Cir.1993) (“However, the nonmoving party may not rest on its pleadings but must set forth specific facts showing that there is a genuine issue for trial as to those dispositive matters for which it carries the burden of proof.”) (internal quotes omitted). The party opposing a motion for summary judgment must “set forth specific facts showing that there is a genuine issue for trial as to those dispositive matters for which it carries the burden of proof.” Applied Genetics Int’l, Inc. v. First Affiliated Sec., Inc., 912 F.2d 1238, 1241 (10th Cir.1990). Rule 56 provides that “an opposing party may not rely merely on allegations or denials in its own pleading; rather, its response must — by affidavits or as otherwise provided in this rule — set out specific facts showing a genuine issue for trial.” Fed.R.Civ.P. 56(e)(2). It is not enough for the party opposing a properly supported motion for summary judgment to “rest on mere allegations or denials of his [or her] pleadings.” Anderson v. Liberty Lobby, Inc., 477 U.S. at 256, 106 S.Ct. 2505. See Abercrombie v. City of Catoosa, 896 F.2d 1228, 1231 (10th Cir.1990); Otteson v. United States, 622 F.2d 516, 519 (10th Cir.1980) (“However, ‘once a properly supported summary judgment motion is made, the opposing party may not rest on the allegations contained in his complaint, but must respond with specific facts showing the existence of a genuine factual issue to be tried.’ ” (citation omitted)). Nor can a party “avoid summary judgment by repeating conclusory opinions, allegations unsupported by specific facts, or speculation.” Colony Nat’l Ins. Co. v. Omer, No. 07-2123, 2008 WL 2309005, at N (D.Kan. June 2, 2008) (citing Fed.R.Civ.P. 56(e) and Argo v. Blue Cross & Blue Shield of Kan., Inc., 452 F.3d 1193, 1199 (10th Cir.2006)). “In responding to a motion for summary judgment, ‘a party cannot rest on ignorance of facts, on speculation, or on suspicion and may not escape summary judgment in the mere hope that something will turn up at trial.’ ” Colony Nat’l Ins. Co. v. Omer, 2008 WL 2309005, at *1 (quoting Conaway v. Smith, 853 F.2d 789, 794 (10th Cir.1988)). Genuine factual issues must exist that “can be resolved only by a finder of fact because they may reasonably be resolved in favor of either party.” Anderson v. Liberty Lobby, Inc., 477 U.S. at 250, 106 S.Ct. 2505. A mere “scintilla” of evidence will not avoid summary judgment. Vitkus v. Beatrice Co., 11 F.3d at 1539 (citing Anderson v. Liberty Lobby, Inc., 477 U.S. at 248, 106 S.Ct. 2505). Rather, there must be sufficient evidence on which the fact-finder could reasonably find for the nonmoving party. See Anderson v. Liberty Lobby, Inc., 477 U.S. at 251, 106 S.Ct. 2505 (quoting Schuylkill & Dauphin Im prov. Co. v. Munson, 81 U.S. 442, 448, 14 Wall. 442, 20 L.Ed. 867 (1871)); Vitkus v. Beatrice Co., 11 F.3d at 1539. “[T]here is no evidence for trial unless there is sufficient evidence favoring the nonmoving party for a jury to return a verdict for that party. If the evidence is merely colorable ... or is not significantly probative, ... summary judgment may be granted.” Anderson v. Liberty Lobby, Inc., 477 U.S. at 249, 106 S.Ct. 2505 (internal citations omitted). Where a rational trier of fact, considering the record as a whole, could not find for the non-moving party, there is no genuine issue for trial. See Matsushita Elec. Indus. Co. v. Zenith Radio Corp., 475 U.S. 574, 587, 106 S.Ct. 1348, 89 L.Ed.2d 538 (1986). When reviewing a motion for summary judgment, the court should keep in mind three principles. First, the court’s role is not to weigh the evidence, but to assess the threshold issue whether a genuine issue exists as to material facts requiring a trial. See Anderson v. Liberty Lobby, Inc., 477 U.S. at 249, 106 S.Ct. 2505. Second, the court must resolve all reasonable inferences and doubts in favor of the non-moving party, and construe all evidence in the light most favorable to the non-moving party. See Hunt v. Cromartie, 526 U.S. 541, 550-55, 119 S.Ct. 1545, 143 L.Ed.2d 731 (1999); Anderson v. Liberty Lobby, Inc., 477 U.S. at 255, 106 S.Ct. 2505 (“The evidence of the non-movant is to be believed, and all justifiable inferences are to be drawn in his favor.”). Third, the court cannot decide any issues of credibility. See Anderson v. Liberty Lobby, Inc., 477 U.S. at 255, 106 S.Ct. 2505. LAW REGARDING RULE 60(b) Rule 60(b) allows a court to relieve a party from a final judgment for “mistake, inadvertence, surprise, or excusable neglect,” Fed.R.Civ.P. 60(b)(1), “newly discovered evidence,” Fed.R.Civ.P. 60(b)(2), “fraud ... misrepresentation, or misconduct by an opposing party,” Fed. R.Civ.P. 60(b)(3), or “any other reason that justifies relief,” Fed.R.Civ.P. 60(b)(6). “Rule 60(b) is an extraordinary procedure permitting the court that entered judgment to grant relief therefrom upon a showing of good cause within the rule.” Cessna Fin. Corp. v. Bielenberg Masonry Contracting, Inc., 715 F.2d 1442, 1444 (10th Cir.1983). Rule 60(b) “is not a substitute for appeal, and must be considered with the need for finality of judgment.” Cessna Fin. Corp. v. Bielenberg Masonry Contracting, Inc., 715 F.2d at 1444 (citing Brown v. McCormick, 608 F.2d 410, 413 (10th Cir.1979)). The rule was designed to strike a “delicate balance” between respecting the finality of judgment and, at the same time, recognizing the court’s principal interest of executing justice. Cessna Fin. Corp. v. Bielenberg Masonry Contracting, Inc., 715 F.2d at 1444. Motions to reconsider based on mistake, inadvertence, surprise, excusable neglect, newly discovered evidence, or fraud or misconduct by an opposing party must be brought “within a reasonable time ... no more than a year after the entry of the judgment or order or the date of the proceeding.” Fed.R.Civ.P. 60(c)(1). See Blanchard v. Cortes-Molina, 453 F.3d 40, 44 (1st Cir.2006) (“[Rjelief from judgment for reasons of ‘mistake, inadvertence, surprise, or excusable neglect,’ must be sought within one year of the judgment.”). The pendency of an appeal does not toll the time requirement for pursuing a motion governed by rule 60(c)(1). See Griffin v. Reid, 259 Fed.Appx. 121, 123 (10th Cir.2007); Tool Box, Inc. v. Ogden City Corp., 419 F.3d 1084, 1088 (10th Cir.2005) (“[A]n appeal does not toll or extend the one-year time limit of Rule 60(b).”). Rule 60(b)(6) provides that a court may relieve a party from final judgment, order, or proceeding for “any other reason that justifies relief.” Fed.R.Civ.P. 60(b)(6). No time limit applies to rule 60(b)(6), save that the motion be made within a reasonable time. See Fed.R.Civ.P. 60(c)(1). “Thus, to the extent it is applicable, clause (6) appears to offer a means of escape from the one-year limit that applies to motions under clauses (1), (2), and (3).” 11 C. Wright, A. Miller & M. Kane, Federal Practice & Procedure § 2864 (2d ed.2010). “Courts have found few narrowly-defined situations that clearly present ‘other reasons justifying relief.’ ” C. Wright, A. Miller & M. Kane, supra, § 2864. In Pioneer Investment Services Co. v. Brunswick Associates Ltd., 507 U.S. 380, 113 S.Ct. 1489, 123 L.Ed.2d 74 (1993), the Supreme Court of the United States reasoned that, to avoid abrogating the one-year time limit for rule 60(b)(1) to (3), rule 60(b)’s “provisions are mutually exclusive, and thus a party who failed to take timely action due to ‘excusable neglect’ may not seek relief more than a year after the judgment by resorting to subsection (6).” 507 U.S. at 393, 113 S.Ct. 1489 (citing Liljeberg v. Health Servs. Acquisition Corp., 486 U.S. 847, 863 & n. 11, 108 S.Ct. 2194, 100 L.Ed.2d 855 (1988)). The Supreme Court expounded: To justify relief under subsection (6), a party must show “extraordinary circumstances” suggesting that the party is faultless in the delay. If a party is partly to blame for the delay, relief must be sought within one year under subsection (1) and the party’s neglect must be excusable. In Klapprott, for example, the petitioner had been effectively prevented from taking a timely appeal of a judgment by incarceration, ill health, and other factors beyond his reasonable control. Four years after a default judgment had been entered against him, he sought to reopen the matter under Rule 60(b) and was permitted to do so. Pioneer Inv. Servs. Co. v. Brunswick Assocs. Ltd., 507 U.S. at 393, 113 S.Ct. 1489 (citing Liljeberg v. Health Servs. Acquisition Corp., 486 U.S. at 863 & n. 11, 108 S.Ct. 2194; Ackermann v. United States, 340 U.S. 193, 197-200, 71 S.Ct. 209, 95 L.Ed. 207 (1950); Klapprott v. United States, 335 U.S. 601, 613-14, 69 S.Ct. 384, 93 L.Ed. 266 (1949)). See Gonzalez v. Crosby, 545 U.S. 524, 535, 125 S.Ct. 2641, 162 L.Ed.2d 480 (2005) (“[Ojur cases have required a movant seeking relief under Rule 60(b)(6) to show ‘extraordinary circumstances’ justifying the reopening of a final judgment.”). In Gonzalez v. Crosby, the Supreme Court found a change in the law during the pendency of a habeas petition was not an extraordinary circumstance. See 545 U.S. at 537, 125 S.Ct. 2641. When the Supreme Court first addressed rule 60(b)(6) a year after it was introduced to the federal rules, while the Court was sharply divided on other issues, no dispute arose from Justice Black’s statement: “[0]f course, the one year limitation would control if no more than ‘neglect’ was disclosed by the petition. In that event the petitioner could not avail himself of the broad ‘any other reason’ clause of 60(b).” Klapprott v. United States, 335 U.S. at 613, 69 S.Ct. 384. See C. Wright, A. Miller & M. Kane, supra, § 2864. Examples where courts apply rule 60(b)(6) include “settlement agreements when one party fails to comply” and courts use the rule “to return the parties to the status quo,” or in cases where fraud is used by a “party’s own counsel, by a codefendant, or by a third-party witness,” which does not fit within rule 60(b)(3)’s provision for fraud by an adverse party. C. Wright, A. Miller & M. Kane, supra, § 2864. The most common application is to grant relief “when the losing party fails to receive notice of the entry of judgment in time to file an appeal.” C. Wright, A. Miller & M. Kane, supra, § 2864. It is not enough to argue the same issues that a court has already addressed. See Pyeatt v. Does, 19 Fed-Appx. 785, 788 (10th Cir.2001) (“[A] motion to reconsider [that] simply reasserts information considered by the district court in its initial determination ... does not meet the extraordinary circumstances standard required for Rule 60(b)(6) relief.”). LAW REGARDING CALCULATION OF DAMAGES FOLLOWING ENTRY OF DEFAULT JUDGMENT ON LIABILITY After entering default judgment, the Court takes all of the well-pleaded facts in a complaint as true. See United States v. Craighead, 176 Fed.Appx. 922, 925 (10th Cir.2006); Flaks v. Koegel, 504 F.2d 702, 707 (2d Cir.1974) (“While a default judgment constitutes an admission of liability, the quantum of damages remains to be established by proof unless the amount is liquidated or susceptible of mathematical computation.” (citations omitted)). “If defendant does not contest the amount prayed for in the complaint [by failing to answer] and the claim is for a sum certain or a sum that can be made certain by computation, the judgment generally will be entered for that amount without any further hearing.” United States v. Craighead, 176 Fed.Appx. at 925 (quoting 10A C. Wright, A. Miller & M. Kane, Federal Practice and Procedure § 2688 (3d ed.1998)) (alteration in original). See also Fed.R.Civ.P. 8(d) (“Averments in a pleading to which a responsive pleading is required, other than those as to the amount of damage, are admitted when not denied in the responsive pleading.”). A court may enter a default judgment for a damage award without a hearing if the amount claimed is “one capable of mathematical calculation.” Applied Capital, Inc. v. Gibson, 558 F.Supp.2d 1189, 1202 (D.N.M.2007) (Browning, J.) (quoting H.B. Hunt v. Inter-Globe Energy, Inc., 770 F.2d 145, 148 (10th Cir.1985) (citing Venable v. Haislip, 721 F.2d 297, 300 (10th Cir.1983))). “It is a familiar practice and an exercise of judicial power for a court upon default, by taking evidence when necessary or by computation from facts of record, to fix the amount which the plaintiff is lawfully entitled to recover and to give judgment accordingly.” C. Wright, A. Miller & M. Kane, supra, § 2688 (quoting Pope v. United States, 323 U.S. 1, 12, 65 S.Ct. 16, 89 L.Ed. 3 (1944)). “If the damages sum is not certain or capable of easy computation, the court may” conduct such hearings or order such references as it deems necessary. Applied Capital, Inc. v. Gibson, 558 F.Supp.2d at 1202 (citing Beck v. Atlantic Contracting Co., 157 F.R.D. 61, 64 (D.Kan.1994)). See Fed.R.Civ.P. 55(b)(2)(B) (“The court may conduct hearings or make referrals ... when, to enter or effectuate judgment, it needs to ... determine the amount of damages.”). In the absence of genuine issues of fact material to a plaintiffs damages showing, a court may appropriately address damages through summary judgment, including cases where facts have been determined by the entry of default judgment. See, e.g., Trustees of Const. Indus. and Laborers Health and Welfare Trust v. Hartford Fire Ins. Co., 578 F.3d 1126, 1127, 1130 (9th Cir.2009) (affirming in part district court’s award of damages in summary judgment based on default judgment); J.R. Simplot v. Chevron Pipeline Co., 563 F.3d 1102, 1117 (10th Cir.2009) (recognizing that summary judgment on any and all aspects of a party’s claim, including damages, is proper if there are no genuine issues of material fact); Mid-Continent Cas. Co. v. JHP Dev., 557 F.3d 207, 211, 218 (5th Cir.2009) (affirming district court’s granting summary judgment awarding damages based on finding “default judgment in the underlying suit was binding” on the plaintiff); Ruiz v. Blentech Corp., 89 F.3d 320, 323 (7th Cir.1996) (same). Cf. Olcott v. Delaware Flood Co., 327 F.3d 1115, 1119 n. 4 (10th Cir.2003) (discussing that entry of summary judgment was appropriate after entry of default under rule 55(a) because “the court had not yet entered judgment by default pursuant to Fed.R.Civ.P. 55(b)”). Nothing in the rules of procedure concerning summary judgment or default judgment requires the court to treat damages differently than other issues or mandates a trial where there is no genuine issue of material fact. See Applied Capital, Inc. v. Gibson, 558 F.Supp.2d at 1202-03. MEASURE OF DAMAGES UNDER NEW MEXICO AND FEDERAL LAW If the damages are not certain or capable of easy mathematical calculation, the Court employs the measure of damages applicable to the claim. Biomoda brings federal and state claims. The Court will need to look at the measure of the damages for each claim for which Biomoda has secured a default judgment. 1. Fraud. A plaintiff who has established fraud under New Mexico law “may recover ‘such damages as are the direct and natural consequences’ of the reliance on a fraudulent representation.” Williams v. Stewart, 137 N.M. 420, 429, 112 P.3d 281, 290 (Ct.App.2005) (quoting Indus. Supply Co. v. Goen, 58 N.M. 738, 743, 276 P.2d 509, 512 (1954)). Damages for fraud are measured at the time of the fraudulent transaction. See Indus. Supply Co. v. Goen, 58 N.M. at 741-42, 276 P.2d at 511. “A benefit of the bargain” award, measured by the amounts the defrauded party would have received if the situation had been as the defrauding party represented, properly compensates the defrauded party. Indus. Supply Co. v. Goen, 58 N.M. at 741, 276 P.2d at 511 (citing Stewart v. Potter, 44 N.M. 460, 464,104 P.2d 736, 739 (1940)). 2. Conversion. “Conversion is the unlawful exercise of dominion and control over property belonging to another in defiance of the owner’s rights, or acts constituting an unauthorized and injurious use of another’s property, or a wrongful detention after demand has been made.” Sec. Pac. Fin. Servs., Inc. v. Signfilled Corp., 125 N.M. 38, 44, 956 P.2d 837, 843 (Ct.App.1998) (citing AAA Auto Sales & Rental, Inc. v. Sec. Fed. Sav. & Loan Ass’n., 114 N.M. 761, 763, 845 P.2d 855, 857 (Ct.App.1992)). “The measure of damages for conversion is the value of the property at the time of conversion plus interest.” Sec. Pac. Fin. Servs., Inc. v. Signfilled Corp., 125 N.M. at 44, 956 P.2d at 843 (citing Woods v. Collins, 87 N.M. 370, 371, 533 P.2d 759, 760 (Ct.App.1975)). 3. Civil Conspiracy. Under New Mexico law, co-conspirators are jointly and severally liable for them own tortious conduct and for the tortious conduct of their co-conspirators. See Applied Capital, Inc. v. Gibson, 558 F.Supp.2d at 1206. Damages caused by a civil conspiracy are measured by the effect of the unlawful conduct committed by each conspirator. See Applied Capital, Inc. v. Gibson, 558 F.Supp.2d at 1206. “[A] claim of civil conspiracy is a claim seeking to impute liability from one co-conspirator to another.” Seeds v. Lucero, 137 N.M. 589, 594, 113 P.3d 859, 864 (Ct.App.2005). “The purpose of a civil conspiracy claim is to impute liability to make members of the conspiracy jointly and severally liable for the torts of any of its members.” Ettenson v. Burke, 130 N.M. 67, 73,17 P.3d 440, 445 (Ct.App.2000). 4. Aiding and Abetting of a Breach of Fiduciary Duty. “New Mexico recognizes tort liability for the aiding and abetting of a breach of fiduciary duty.” GCM, Inc. v. Kentucky Cent. Life Ins. Co., 124 N.M. 186, 190, 947 P.2d 143, 147 (1997) (“While we believe New Mexico has implicitly endorsed tort liability for intentionally causing a fiduciary to breach his or her duties, we now explicitly recognize this form of tort liability.”). “Where one participates with or aids or abets an agent in an act which perpetrates a fraud upon the principal, he is equally liable with the agent to the principal for any damages suffered.” Wolf & Klar Cos. v. Garner, 101 N.M. 116, 118, 679 P.2d 258, 260 (1984). Damages are measured by the harm resulting from the breach. GCM, Inc. v. Kentucky Cent. Life Ins. Co., 124 N.M. at 191, 947 P.2d at 148 (“[Liability ‘extends to any person who by any means aids or encourages the act.’” (quoting Rael v. Cadena, 93 N.M. 684, 684-85, 604 P.2d 822, 822-23 (Ct.App.1979))). 5.New Mexico Securities Act. Under the New Mexico Securities Act, which was in effect at the time of the complained of activities, damages for market manipulation are measured as “the difference between the price at which the securities were ... sold and the market value the securities would have had at the time of the person’s ... sale in the absence of the act or transaction, plus interest at the legal rate ... and reasonable attorneys’ fees.” NMSA 1978, § 58-13B-40E (2006), repealed by L. 2009, Ch. 82, § 703, eff. Jan. 1, 2010. In addition to damages remedies that the New Mexico Securities Act specifically affords, a victim of securities fraud “who recovers under the Act may be entitled additionally to recover for any nonduplicative damages that may be awarded on a theory of common-law fraud.” Naranjo v. Paull, 111 N.M. 165, 174, 803 P.2d 254, 263 (Ct.App.1990). Federal securities law provides analogous remedies. See 15 U.S.C. § 78j(b) (prohibiting any person “[t]o use or employ, in connection with the purchase or sale of any security ... any manipulative or deceptive device or contrivance in contravention of such rules and regulations as the Commission may prescribe as necessary or appropriate in the public interest or for the protection of investors”); 17 C.F.R. § 240.10B-5 (making it unlawful “[t]o engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person, in connection with the purchase or sale of any security”); Stoneridge Inv. Partners, LLC v. Scientific-Atlanta, Inc., 552 U.S. 148, 157, 128 S.Ct. 761, 169 L.Ed.2d 627 (2008) (recognizing implied private right of action for damages under § 10(b) and Rule 10b — 5). 6. New Mexico Racketeering Act. Under the New Mexico Racketeering Act, “[a] person who sustains injury to his person, business or property by a pattern of racketeering activity may file an action in the district court for the recovery of three times the actual damages proved and the costs of the suit, including reasonable attorney’s fees.” NMSA 1978 § 30-42-6A. “Following a determination of liability,” a court may “order[ ] the payment of three times the damages proved to those persons injured by racketeering.” NMSA 1978 § 30-42-6D(4). The Federal Racketeer Influenced and Corrupt Organizations Act (“RICO”) provides the same remedies except any conduct that would have been actionable as fraud in the purchase or sale of securities may not be relied upon to establish a violation of the RICO statute. See 18 U.S.C. § 1964(c) 7. Post-Judgment Interest. In a diversity action, post-judgment interest is calculated in accord with the formula set out in 28 U.S.C. § 1961(a). “The pre-judgment interest rate is set by state law, while the post-judgment rate is set by federal law.” Youngs v. Am. Nutrition, Inc., 537 F.3d 1135, 1146 (10th Cir.2008) (citing 28 U.S.C. § 1961(a); Rositer v. Bob Toomey Truck Leasing, Inc., 567 F.2d 938, 944-45 (10th Cir.1977)). 28 U.S.C. § 1961(a) states: Interest shall be allowed on any money judgment in a civil case recovered in a district court. Execution therefor may be levied by the marshal, in any case where, by the law of the State in which such court is held, execution may be levied for interest on judgments recovered in the courts of the State. Such interest shall be calculated from the date of the entry of the judgment, at a rate equal to the weekly average l~year constant maturity Treasury yield, as published by the Board of Governors of the Federal Reserve System, for the calendar week preceding ... the date of the judgment. The Director of the Administrative Office of the United States Courts shall distribute notice of that rate and any changes in it to all Federal judges. 28 U.S.C. § 1961(a). ANALYSIS To the extent that the Response is and should be construed as a request that the Court vacate the Default Judgment, the Court denies A. Robins’ request, because he has not established that he was faultless under extraordinary circumstances in delaying his request. The Court grants Biomoda’s Motion in part and denies it in part. Biomoda has established as a matter of law that it is entitled to $35,000.00 plus post-judgment interest in damages for the conversion of Biomoda’s funds by L. Robins as part of a civil conspiracy in which A. Robins participated. A. Robins has established that a genuine question of material fact exists whether Biomoda suffered $123,114.00 in damages for the transfer of 613,260 shares of Biomoda’s stock in May and June of 2007, whether Biomoda suffered $250,000.00 in damages for the transfer of 100,000 shares of Biomoda stock to BIT on March 3, 2005, and whether Biomoda suffered $286,193.34 in damages for the transfer of 1,768,000 shares in June and July of 2007. I. A. ROBINS HAS NOT CONSENTED TO BIOMODA’S MOTION. In its December 30, 2009 Notice of Completion of Briefing, Biomoda contends that A. Robins, by failing to file a responsive pleading within the proscribed time of December 14, 2009, consented to the granting of its motion for summary judgment on compensatory damages. See D.N.M.LR-Civ. 7.4(a) (“[A] response must be served and filed within fourteen (14) days after service of the motion, including a motion for summary judgment.” (citation omitted)). On December 28, 2009, A. Robins filed a Motion for Dismissal. In his December 31, 2009 Motion to Strike Pleading, A. Robins stated that his Motion for Dismissal addressed Biomoda’s damages calculations. The Court’s Courtroom Deputy Clerk talked to the parties and asked whether A. Robins would be interested in withdrawing his motions and instead filing a response to Biomoda’s motion for summary judgment. The parties agreed to set aside their paper disputations and to reach the issues. Based on this agreement, on June 9, 2010, A. Robins filed his Motion by Alvin D. Robins to Dismiss All Pending Motions of Alvin D. Robins. A. Robins stated his intent to file a responsive pleading to all pending matters that Biomoda had filed within thirty days of the date of an order granting his motion. Before the Court granted A. Robins’ motion to dismiss all of his pending motions, the Court’s Courtroom Deputy Clerk confirmed that Tom Bird of Keleher & McLeod, Biomoda’s Counsel, did not oppose this motion. See Doc. 144. On July 9, 2010, A. Robins filed his response to Biomoda’s motion for summary judgment. Because the parties agreed to A. Robins’ dismissing his pending motions and filing a response to Biomoda’s Motion, the Court finds that A. Robins did not consent to Biomoda’s Motion or its calculation of compensatory damages. II. THE COURT DOES NOT FIND THAT THE ENTRY OF THE DEFAULT JUDGMENT WAS A FRAUD. A. Robins contends that the entry of Default Judgment as to liability was a fraud perpetrated on the Court by a conspiracy of Cousins, Michael H. Pete, president of ADOT, and Whitaker, who are all officers and/or directors of Advanced Optics Electronics, Inc. and/or Biomoda. A. Robins asserts that he held his answer in abeyance subject to an agreement between him, Biomoda, and ADOT. A. Robins contends he provided his answer to Biomoda and ADOT in October, 2008. A. Robins contends that, based on an agreement between Whitaker, L. Robins, and A. Robins, he withheld from filing his answer with the Court pending notice from either Whitaker or another officer of Biomoda, or L. Robins or another officer of ADOT, that all negotiations and settlement discussions were complete or otherwise abandoned. Upon receipt of such notification, A. Robins was to have fifteen days to file his response. A. Robins represents that he never received notice of completion of settlement discussions from Whitaker or any other representative of Biomoda, or from A. Robins or any other representative of ADOT. Even if Default Judgment was entered because of fraud, misrepresentation, or misconduct on Biomoda’s part, A. Robins would have had to present that argument to the court within one year of the Court’s entering Default Judgment. Under rule 60(b)(3), a party may move for relief from “a final judgment, order, or proceeding” because of “fraud ... misrepresentation, or misconduct by an opposing party.” Fed.R.Civ.P. 60(b)(3). The time for such a motion has, however, passed. “A motion under Rule 60(b) must be made within a reasonable time — and for reasons[, among others, of fraud misrepresentation, or misconduct by an opposing party] no more than a year after the entry of the judgment or order or the date of the proceeding.” Fed.R.Civ.P. 60(c)(1). The Court entered a default on December 5, 2008 and a Default Judgment on liability against A. Robins on December 19, 2008. A. Robins did not allege that he withheld his answer pursuant to the agreement until he filed his Response on July 9, 2010, more than one year after the entry of Default Judgment. The Court, consequently, would be unable to vacate its judgment on the basis of fraud or misrepresentation even if it found Biomoda had misled A. Robins. Moreover, Biomoda disputes A. Robins’ allegation. It argues that no agreement existed allowing A. Robins to postpone filing his answer. Rather, Biomoda contends that A. Robins wrote it asserting that such an agreement existed, but, in response to Biomoda’s inquiry, both L. Robins and Whitaker stated that no such argument had been established. Biomoda decided not respond to A. Robins’ communication and proceeded on the understanding that no agreement existed. There is thus a factual dispute whether the agreement existed. In any case, while Biomoda’s conduct may constitute a sharp business practice, after A. Robins allowed so much time to pass, the Court is not convinced Biomoda’s conduct, even according to A. Robins’ account, amounts to a fraud upon the Court or upon A. Robins. III. THE PROCEDURAL POSTURE OF THE CASE PRECLUDES THE COURT FROM ADDRESSING BIOMODA’S MOTION ON THE MERITS. Biomoda seeks damages, either as a matter of undisputed fact pursuant to rule 56 of the Federal Rules of Civil Procedure or because its damages are capable to easy mathematical computation, such that no hearing is necessary. Biomoda contends that the Court may appropriately award the damages it seeks either under rule 56 or under rule 55. A. Robins responds with a number of arguments, many of which address the underlying merits of Biomoda’s claims. Biomoda contends that the response significantly misapprehends the procedural posture of this matter and the limits that posture creates for the arguments that A. Robins may permissibly assert in response to Biomoda’s motion. The Court has entered Default Judgment as to liability against A. Robins. Because of this judgment, the Court takes all of the well-pleaded facts in the FAC as true. See United States v. Craighead, 176 Fed.Appx. at 924-25. In United States v. Craighead, the United States Court of Appeals for the Tenth Circuit addressed a defendant’s argument that a district court had improperly entered default judgment against him, because the court did not have subject-matter jurisdiction and because “the record contains only the theories and conclusions of counsel purporting to represent the United States — no notes and no authenticated documents.” 176 Fed.Appx. at 924. The Tenth Circuit rejected the defendant’s argument, stating: The fatal flaw in Mr. Craighead’s argument is that it rests on the faulty premise that the district court could not enter default judgment unless the government proved the factual allegations contained in its complaint. On the contrary, Mr. Craighead relieved the government of the burden of proving its factual allegations, including the allegations supporting constitutional standing, by failing to answer the complaint. “The defendant, by his default, admits the plaintiffs well-pleaded allegations of fact, is concluded on those facts by the judgment, and is barred from contesting on appeal the facts thus established. ” Nishimatsu Constr. Co. v. Houston Nat’l Bank, 515 F.2d 1200, 1206 (5th Cir.1975); See also Olcott v. Delaware Flood Co., 327 F.3d 1115, 1125 (10th Cir.2003) (quoting Jackson v. FIE Corp., 302 F.3d 515, 525 (5th Cir.2002), for the same proposition); Lundahl v. Zimmer, 296 F.3d 936, 939 (10th Cir.2002) (quoting Buchanan v. Bowman, 820 F.2d 359, 361 (11th Cir.19