Bank of Hope v. Lu et al
Filing
6
MOTION by Plaintiff Bank of Hope for judgment by Confession (Gattone, Wendy)
IN THE UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF ILLINOIS, EASTERN DIVISION
BANK OF HOPE,
Plaintiff,
v.
BOB HONG SHAN LU and ADELE RUI
LIU,
Defendants.
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Case No. 18-cv-780
Judge: Matthew F. Kennelly
Magistrate: Young B. Kim
MOTION FOR ENTRY OF
EX PARTE JUDGMENT BY CONFESSION
NOW COMES the plaintiff, Bank of Hope (“BoH”), by and through its
attorneys, Thomas J. Dillon, Wendy Kaleta Gattone, Nicholas S. Maragos, Kyle T.
Dillon, and McFadden & Dillon, P.C., and moves for entry of ex parte judgment by
confession against the defendants, Bob Hong Shan Lu and Adele Rui Liu (collectively,
the “Defendants”). In support thereof, BoH states the following:
1.
The above-captioned cause was filed on January 30, 2018 and is
presently pending before this Court.
2.
BoH asserts in its Complaint a claim against the Defendants for breach
of contract arising out of a consolidated line of credit (the “Note”) executed by Sina
International, Inc. (the “Borrower”) in favor of BoH in the original principal amount
of $611,155.000. Contemporaneous with the Note, the Defendants each executed a
Commercial Guaranty in their individual capacities, thereby guarantying the prompt
payment of all the Borrower’s indebtedness owed to BoH under the Note (the “2014
Bob Lu Guaranty” and the “2014 Adele Lui Guaranty”, collectively the “Guaranties”)).
True and correct copies of the Note, 2014 Bob Lu Guaranty, and 2014 Adele Liu
Guaranty are attached to the Complaint as Exhibits F, G, and H, respectively, and
incorporated herein by reference.
3.
The Illinois Code of Civil Procedure provides, in relevant part:
“[A]ny person for a debt bona fide due may confess judgment by himself
or herself or attorney duly authorized, without process. The application
to confess judgment shall be made…in the county in which one or more
of the defendants reside…”
735 ILCS 5/2-1301(c).
4.
In pertinent part, the 2014 Bob Lu Guaranty and 2014 Adele Liu
Guaranty each provide as follows:
“Guarantor hereby irrevocably authorizes and empowers any attorneyat-law to appear in any court of record and to confess judgment against
Guarantor for the unpaid amount of the Guaranty…”
(Complaint Ex. G and H at 2.)
5.
BoH submits herewith as Exhibit A the Affidavit of Song Cho, FVP and
Special Assets Team Leader of BoH, verifying the Note and Guaranties and setting
forth the amounts due under the Note.
6.
BoH also submits herewith as Exhibit B a Confession executed by
Nicholas S. Maragos, a licensed Illinois attorney, on behalf of the Defendants,
confessing judgment against them pursuant to the express provisions of the 2014 Bob
Lu Guaranty and 2014 Adele Liu Guaranty.
Wherefore, Plaintiff, Bank of Hope, respectfully requests that this Honorable
Court, pursuant to the express confession of judgment provision of the 2014 Bob Lu
Guaranty and 2014 Adele Liu Guaranty along with the Confession submitted
herewith, (i) enter judgment by confession in favor of Bank of Hope and against the
Defendant, Bob Hong Shan Lu on Count I of the Complaint in the amount of
$536,875.95 plus attorneys’ fees, costs and interest; (ii) enter judgment by confession
in favor of Bank of Hope and against the Defendant, Adele Rui Liu on Count II of the
Complaint in the amount of $536,875.95 plus attorneys’ fees, costs and interest; and
(iii) grant such further and additional relief as this Court may deem just and proper.
Respectfully submitted,
/s/ Wendy Kaleta Gattone
One of the attorneys for
Plaintiff, Bank of Hope
Thomas J. Dillon (ARDC# 3124223)
Wendy Kaleta Gattone (ARDC# 6226119)
Kyle T. Dillon (ARDC# 6323818)
MCFADDEN & DILLON, P.C.
120 S. LaSalle Street, Suite 1335
Chicago, Illinois 60603
(312) 201-8300
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