BMO Bank N.A. v. GSK Transport Inc.

UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF CALIFORNIA 10 BMO HARRIS BANK N.A., Case No. 2:24-cv-1753-WBS-JDP Plaintiff, v. FINDINGS AND RECOMMENDATIONS GSK TRANSPORT, INC., et al., Defendants. 16 Plaintiff BMO Bank, N.A., brings this breach of contract action against defendants GSK Transport, Inc (“GSK”) and Gagandeep Singh (“Singh”), alleging that defendants breached three loan agreements under which plaintiff financed defendants’ purchase of refrigerated vans and equipment. Defendants have neither answered the complaint nor otherwise appeared. Plaintiff has filed its second renewed motion for default judgment. ECF No. 29. Background In its complaint, plaintiff alleges that in March 2020, plaintiff and defendant GSK entered into two loan and security agreements, under which plaintiff agreed to finance GSK’s purchase of equipment and GSK agreed to repay the loaned amount, plus interest, in monthly installments. ECF No. 1 ¶¶ 7, 10, Exs. A, D. …