AKS Trade Co., LLC v. Americap Direct Corp.

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF CALIFORNIA 10 AKS TRADE COMPANY, LLC, No. 2:22-cv-00757-TLN-KJN Plaintiff, v. ORDER AMERICAP DIRECT CORPORATION, DAVID AULT, and MODEL FINANCIAL SERVICES, LLC, Defendants. 17 This matter is before the Court on Defendants Americap Direct Corporation (“Americap”), David Ault (“Ault”), and Model Financial Services, LLC’s (“Model”) (collectively, “Defendants”) Motion for Attorney’s Fees. (ECF No. 46.) Plaintiff AKS Trade Company, LLC (“Plaintiff”) filed an opposition (ECF No. 47), and Defendants filed a reply (ECF No. 49). For the reasons set forth below, Defendants’ motion is DENIED. This case relates to a contract dispute regarding Plaintiff’s intended purchase of a large quantity of gold. (ECF No. 9 at ¶¶ 1, 10, 11.) To effectuate their purchase of gold, Plaintiff entered into a series of agreements including two credit agreements with Americap, in which Americap agreed to extend Plaintiff documentary letters of credit in exchange…