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Power Up Lending Grp., Ltd. v. Corix Bioscience, Inc.

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK
Mar 31, 2019
18-CV-2568(JS)(AKT) (E.D.N.Y. Mar. 31, 2019)

Opinion

18-CV-2568(JS)(AKT)

03-31-2019

POWER UP LENDING GROUP, LTD., Plaintiff, v. CORIX BIOSCIENCE, INC. and MICHAEL OGBURN, Defendants.


MEMORANDUM & ORDER

:

On March 14, 2019, Judge Tomlinson issued her Report and Recommendation (R&R, D.E. 14) recommending that the Court grant Plaintiff's motion for entry of a default judgment (D.E. 10), and on March 18, 2019, Plaintiff served the R&R on Defendants (D.E. 15). The time to object has expired, and no objections to the R&R have been filed. Upon careful review and consideration, the Court finds Judge Tomlinson's R&R to be comprehensive, well reasoned, and free of clear error, and it ADOPTS the R&R (D.E. 14) in its entirety. Accordingly, (1) Plaintiff's motion for entry of a default judgment (D.E. 10) is GRANTED, and (2) Plaintiff is awarded damages against Corix Bioscience, Inc. in the amount $233,049.16 (consisting of unpaid principal, unpaid regular interest, and default interest calculated through March 14, 2019), as well as additional default interest of 22% per annum on the total balance of the Notes ($206,865.31) calculated beginning March 15, 2019. The Clerk of the Court is directed to enter judgment accordingly and mark this case CLOSED. Plaintiff is directed to serve a copy of this Order upon Defendants and file proof of service on the docket on or before April 8, 2019.

SO ORDERED

/s/ JOANNA SEYBERT

Joanna Seybert, U.S.D.J. Dated: March 31, 2019

Central Islip, New York


Summaries of

Power Up Lending Grp., Ltd. v. Corix Bioscience, Inc.

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK
Mar 31, 2019
18-CV-2568(JS)(AKT) (E.D.N.Y. Mar. 31, 2019)
Case details for

Power Up Lending Grp., Ltd. v. Corix Bioscience, Inc.

Case Details

Full title:POWER UP LENDING GROUP, LTD., Plaintiff, v. CORIX BIOSCIENCE, INC. and…

Court:UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK

Date published: Mar 31, 2019

Citations

18-CV-2568(JS)(AKT) (E.D.N.Y. Mar. 31, 2019)