Opinion
5:21-cv-1221 FWS (SPx)
07-08-2022
VALLEY NATIONAL BANK, Plaintiff, v. WOLFPACK TRANSPORT LLC, Defendants.
DEFAULT JUDGMENT BY CLERK
This action having come before the Court on Plaintiff's Application to Enter Judgment by Default and the Application having been decided as follows:
IT IS ORDERED AND ADJUDGED
THAT JUDGMENT IS HEREBY ENTERED IN FAVOR OF PLAINTIFF VALLEY NATIONAL BANK AGAINST DEFENDANT WOLFPACK TRANSPORT LLC FOR $272,952.98, WITH INTEREST TO ACCRUE ON THE JUDGMENT AT THE STATUTORY RATE FROM DATE OF ENTRY UNTIL PAID IN FULL.
THIS AMOUNT REPRESENTS THE UNPAID PRINCIPAL OF $218,307.10 AND INTEREST OF $54,645.88 CALCULATED AT THE ANNUAL PERCENTAGE RATE SET FORTH IN THE PREMIUM FINANCE AGREEMENT BETWEEN THE PARTIES OF 11.25% FOR THE PERIOD JUNE 16, 2020 TO JUNE 1, 2022.