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Home / Opinion Digests / Civil Procedure – Default Judgment – Contract Interest Rate (access required)

Civil Procedure – Default Judgment – Contract Interest Rate (access required)

A Richmond U.S. District Court grants default judgment to plaintiff lender, Chesapeake Fifth Avenue Partners LLC, on a loan of $1.9 million to defendant Somerset Walnut Hill LLC secured by two parcels of land, after defendant repaid no money under the loan terms and failed to respond to this lawsuit. The lender seeks a monetary judgment ...