McCoy

BACKGROUND

Parties Plaintiffs were shareholders of Cryobanks, a private, for-profit corporation that had approximately 150 shareholders. Raheel was a secured creditor of Cryobanks who foreclosed on Cryobanks’s assets after Cryobanks defaulted on one or more loans. Lifeforce acquired all of Cryobanks’s assets following Raheel’s foreclosure action. Florida action and judgment Raheel sued Cryobanks in a Florida foreclosure action (the Florida action) after Cryobanks defaulted on one or more loans. Plaintiffs were initially named and served as defendants in the Florida action, and Joshi appeared in that action by filing two motions to dismiss the action against him.2 A default judgment in the Florida action was issued against Cryobanks and in favor of Raheel on May 5, 2010. Pursuant to that judgment, Cryobanks’s assets were sold to Lifeforce for $100 at a public auction held on June 8, 2010. Entry and enforcement of sister state judgment On June 29, 2010, Raheel sought to have the Florida judgment against Cryobanks entered in California by filing an application for entry of sister state judgment. On July

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