Consumer Financial Protection Bureau v. Morgan Drexen, Inc.
Opinion
Lead Opinion
Staton, J.
*860 ORDER (1) GRANTING PLAINTIFF’S MOTION FOR SANCTION OF DEFAULT JUDGMENT AGAINST MORGAN DREXEN, INC. (Docs. 255-2, 274) AND (2) REQUIRING SUPPLEMENTAL BRIEFING AS TO DEFENDANT WALTER LED-DA
I. INTRODUCTION
Before the Court is a Motion for Sanctions filed by Plaintiff Consumer Financial Protection Bureau (the “Bureau”). (Mot., Docs. 255-2, 274.) Defendants Morgan Drexen Inc. and Walter Ledda filed an Opposition, and Plaintiff replied. (Opp’n, Doc. 261; Reply, Doc. 262.) After considering the briefing and supporting documentation submitted by the parties, holding an evidentiary hearing, and taking the matter under submission, the Court GRANTS Plaintiffs Motion for Sanctions against Defendant Morgan Drexen Inc. and ORDERS supplemental briefing regarding the potential personal liability of Defendant Walter Ledda and whether default judgment should be entered against him as well.
II. BACKGROUND
Morgan Drexen, Inc. has been in business since 2007. 1 Defendant Walter Ledda is the Chief Executive Officer of Morgan Drexen and has been a member of the company’s Board of Directors since May 21, 2007. Morgan Drexen provides debt settlement and bankruptcy services to attorneys and…