Wells Fargo Commercial Distribution Finance, LLC v. 6th Gear Holdings, Inc.

Good Law
United States District Court, Northern District of CaliforniaDecember 6, 20193:19-cv-04617California5,217 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 8 WELLS FARGO COMMERCIAL Case No. 19-cv-04617-JSC

DISTRIBUTION FINANCE, LLC,

10 Plaintiff, ORDER RE: DEFENDANT’S MOTION TO SET ASIDE DEFAULT; v. PLAINTIFF’S APPLICATION FOR WRIT OF POSSESSION AND 6TH GEAR HOLDINGS, INC., INJUNCTIVE RELIEF 13 Defendant. Re: Dkt. Nos. 14, 17 14 Plaintiff Wells Fargo sues 6th Gear Holdings, Inc. (“6th Gear”) under California state law arising out of 6th Gear’s alleged default of a financing agreement wherein Plaintiff extended credit to 6th Gear to allow it to purchase inventory for public sale. (Dkt. No. 1.) Now before the Court is 6th Gear’s motion to set aside entry of default. (Dkt. No. 14.) Also pending before the Court is Plaintiff’s application for a writ of possession seeking the return of specific items of inventory obtained by 6th Gear pursuant to the financing agreement and a Court order enjoining 6th Gear from disposing of that…

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