Ames

Defendant and appellant Stephen Paley (Paley) appeals a postjudgment order in favor of plaintiffs and respondents Martha Rose Ames, Rose J. Schurter, as trustee of the Rose J. Schurter Revocable Trust, and Rojo Corporation (hereafter plaintiffs), modifying the judgment so as to make interest thereon retroactive.

The essential issue presented is whether the trial court had the inherent power to modify the judgment to correct an omitted term pertaining to the date Paley’s promissory note obligation would commence.

*670 In granting the earlier motion for entry of judgment pursuant to Code of Civil Procedure section 664.6, 1 the trial court intended to enter judgment pursuant to the terms of the settlement agreement. Accordingly, to the extent the judgment failed to conform to the terms of the settlement agreement, the trial court retained the inherent power to correct the judgment at any time nunc pro tunc. Therefore, the postjudgment modification order is affirmed.

Factual and Procedural Background

1. Resolution of underlying dispute by mediation culminating in settlement agreement.

Paley was a passive investor in various partnerships operated by Nathan Brenner…