M&T Capital and Leasing Corp. v. Freon Logistics
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF CALIFORNIA 10 M&T CAPITAL AND LEASING No. 2:23-cv-01171-WBS-KJN
CORPORATION,
ORDER Plaintiff,
v. FREON LOGISTICS, Defendant. 17 Plaintiff M&T Capital and Leasing Corporation seeks default judgment for breach of contract against defendant Freon Logistics in the amount of $4,581,805.32, plus 18% post- judgment interest. (See ECF No. 15 at 3.) The undersigned took plaintiff’s motion under submission without oral argument in accordance with Eastern District Local Rule 230(g). (ECF No. 16.) Upon review of plaintiff’s motion and supporting documents, the court denies plaintiff’s motion without prejudice. //// //// //// 28 I. Factual Background A. Loan Agreement and Default On or about February 15, 2018, plaintiff made various loans to defendant to purchase transportation equipment. (ECF No. 1 at 2, ¶¶ 5-6.) The loan equipment was delivered to defendant. (Id. at 3, ¶ 7.) Pursuant to the terms of…