CIT Small Business Lending Corp. v. Systems Engineering of C&G, Inc. et al

Filing 50

ORDER that the Court adopts and incorporates the 48 findings and recommendations of the Magistrate Judge; pltf's 29 Amended Motion for Default Judgment be, and the same hereby is, GRANTED; default judgment be, and the same hereby is, ENTERED against defts Systems Engineering of C&G, Inc., Systems Engineering of Mount Vernon, Inc., Systems Engineering of Prince George's County, Inc., Systems Engineering/R.I. Inc., and Systems Engineering N.Y.A. Inc. and in favor of pltf ReadyCap Len ding LLC, in the amount of $496,469.03, which consists of $483,649.98 in damages and $12,819.05 in attorney's fees and costs, plus post-judgment interest at a rate of $56.98 per diem (see Order for details). Signed by District Judge Anthony J Trenga on 02/23/15. (Copy mailed to defts per Order)(pmil, )

IN THE UNITED STATES DISTRICT COURT
FOR THE EASTERN DISTRICT OF VIRGINIA
Alexandria Division

CIT SMALL BUSINESS LENDING

CORP.,

Plaintiff,

Civil Action No. 1:14-cv-0115 (AJT/TCB)

V.

SYSTEMS ENGINEERING OF

C&G, INC., etai.
Defendants.

ORDER

This matter is before the Court on the Report and Recommendation [Doc. No. 48] of the
Magistrate Judge recommending that default judgment be entered against defendants Systems
Engineering of C&G, Inc., Systems Engineering of Mount Vemon, Inc., Systems Engineering of
Prince George's County, Inc., Systems Engineering/R.I. Inc., and Systems Engineering N.Y.A.

Inc. (collectively, "defendants") and in favor of plaintiff ReadyCap Lending LLC ("plaintiff) in

the amount of$496,436.03.' No objections to the Report and Recommendation have been filed.
The Court conducted a de novo review of the evidence in this case and adopts and incorporates

the findings and recommendations of the Magistrate Judge. Accordingly, it is hereby
ORDERED that plaintiffs Amended Motion for Default Judgment [Doc. No. 29] be, and
the same hereby is, GRANTED; and it is further

' The affidavit in support of plaintiffs Amended Motion for Default Judgment states that
plaintiff is entitled to damages in the amount of $483,616.98 (consisting of $415,980.30 in
principal + $31,965.78 in interest + $23,207.26 in late charges + $6,825.00 in repossession costs
+ $1,630.70 in credit + $4,040.94 in prior counsel's legal fees). However, this amount seems to
contain a miscalculation of $33, for which the Court has accounted in this Order. Accordingly, it
appears plaintiff is entitled to $483,649,98 in damages.