Opinion
SACV 22-02332-CJC (KESx)
03-15-2024
CLEAR SPRING PROPERTY AND CASUALTY COMPANY, Plaintiff, v. LEGENDARY STAFFING, INC., Defendant.
JUDGMENT
CORMAC J. CARNEY, UNITED STATES DISTRICT JUDGE
In this case, Plaintiff Clear Spring Property and Casualty Group alleges that Defendant Legendary Staffing, Inc. breached its insurance policy agreements and associated large deductible program agreements. (See Dkt. 14 [First Am. Compl.] ¶¶ 729.) The Court granted Clear Spring's motion for default judgment after Legendary failed to defend its case. Accordingly, it is hereby ORDERED that judgment is entered in favor of Clear Spring and against Legendary in the amount of $2,735,764.35 (including $2,185,069.73 in past due deductible and reimbursement costs and $550,694.62 in collateral which must be posted according to the terms of the policies and program agreements).
The Court also DECLARES that Legendary must fulfill its collateral requirements pursuant to Subsection 5a(2) of the Program Agreement, which requires that Legendary post and maintain collateral in the amount of two-hundred percent (200%) of open pending case reserves, until all losses under the Policy are settled.