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Home / Opinion Digests / Default Judgment on $17.8M Debt (access required)

Default Judgment on $17.8M Debt (access required)

A Charlottesville U.S. District Court enters default judgment for plaintiff bank for a borrower’s default under the terms of three promissory notes and awards damages of at least $17.8 million, but the court withholds awarding attorney’s fees pending further briefing. The motion also sets forth a claim for reasonable attorney’s fees of $200,000. As the bank ...