BMO Bank N.A. v. Lala Trucking Inc

CourtDistrict Court, E.D. California
DecidedApril 21, 2025
Docket1:24-cv-01114
StatusUnknown

This text of BMO Bank N.A. v. Lala Trucking Inc (BMO Bank N.A. v. Lala Trucking Inc) is published on Counsel Stack Legal Research, covering District Court, E.D. California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
BMO Bank N.A. v. Lala Trucking Inc, (E.D. Cal. 2025).

Opinion

1 2 3 4 5 6 7 8 UNITED STATES DISTRICT COURT 9 FOR THE EASTERN DISTRICT OF CALIFORNIA 10 11 BMO BANK N.A., fka BMO HARRIS Case No. 1:24-cv-01114-JLT-BAM BANK N.A., a national association, 12 FINDINGS AND RECOMMENDATIONS Plaintiff, REGARDING PLAINTIFF’S MOTION 13 FOR ENTRY OF DEFAULT JUDGMENT v. 14 (Doc. 10) LALA TRUCKING INC, a California 15 corporation; VARINDER SINGH, an FOURTEEN-DAY DEADLINE individual resident and citizen of 16 California; DOES 1-10, 17 Defendants. 18 19 On December 31, 2024, Plaintiff BMO Bank N.A. (“Plaintiff”) filed a motion for entry of 20 default judgment against Defendants Lala Trucking Inc. and Varinder Singh. (Doc. 10.) No 21 opposition was filed, and the time in which to do so has expired. The motion was referred to this 22 Court pursuant to 28 U.S.C. § 636(b)(1)(B) and Local Rule 302. 23 On January 2, 2025, the Court vacated the motion hearing and indicated that the matter 24 would be decided on the papers. (Doc. 14.) The matter is suitable for decision without oral 25 argument pursuant to Local Rule 230(g). 26 Having considered the moving papers and the Court’s file, and for the reasons detailed 27 below, the Court will recommend that Plaintiff’s motion for default judgment be granted. 28 1 I. BACKGROUND1 2 A. The Loan Agreements 3 1. Agreement 25001 – May 22, 2020 4 On May 22, 2020, Plaintiff and Defendant Lala Trucking entered into a Loan and Security 5 Agreement with contract number ending 25001 (“Agreement 25001”), pursuant to which Plaintiff 6 agreed to finance Defendant Lala Trucking’s purchase of certain vehicles for use in Defendant 7 Lala Trucking’s business (“25001 Vehicles”), and Defendant Lala Trucking agreed to pay 8 Plaintiff $99,171.00, including interest. (Doc. 1, Ex. 1.) 9 2. Agreement 75001 – January 26, 2023 10 On January 26, 2023, Plaintiff and Defendant Lala Trucking entered into a Loan and 11 Security Agreement with contract number ending 75001 (“Agreement 75001”), pursuant to which 12 Plaintiff agreed to finance Defendant Lala Trucking’s purchase of certain vehicles for use in 13 Defendant Lala Trucking’s business (“75001 Vehicles”), and Defendant Lala Trucking agreed to 14 pay Plaintiff $481,964.96, including interest. (Doc. 1, Ex. 2.) 15 B. The Guaranties 16 In connection with the Agreements 25001 and 75001, Defendant Singh executed 17 Continuing Guaranties on May 22, 2020, and January 26, 2023. By signing the Continuing 18 Guaranties, Defendant Singh guaranteed the full and timely performance of all of Defendant Lala 19 Trucking’s present and future liabilities to Plaintiff. (Doc. 1, Ex. 3.) 20 C. The Security Interest 21 In consideration for entering the above-described agreements, Defendant Lala Trucking 22 granted Plaintiff a first-priority security interest in the respective vehicles. The vehicles consist of 23 the following: 24 25001 Vehicles 25 a. 2020 Great Dane Refrigerated Van 53’, Vin: 1GR1A062XLW175891, and 2020 26 Thermo King S600, Serial: #6001315260 27 1 Background facts are derived from the allegations in the Complaint filed on September 19, 2024. (Doc. 28 1.) 1 75001 Vehicles 2 b. 2023 Peterbilt 579-Series Tractor, Vin: 1XPBD49X2PD837256 3 c. 2023 Peterbilt 579-Series Tractor, Vin: 1XPBD49X8PD837259 4 Plaintiff perfected its security interest in the vehicles by recording its liens on the 5 Certificate of Title for each vehicle. (Compl., ¶ 13, Ex. 4.) 6 D. Default by Defendants 7 Defendants are in default under the above-referenced Loan and Security Agreements 8 (“Agreements”) and Guaranties for their failure to pay the amounts due thereunder. (Compl., ¶ 9 14.) Defendant Lala Trucking failed to make payments due on Agreement 25001 commencing 10 July 6, 2024, and on Agreement 75001 commencing May 1, 2024. (Id. ¶ 15.) Pursuant to the 11 Agreements, the entire amounts due have been accelerated. As of the respective dates of default, 12 the principal amount due and owing after acceleration is as follows:

13 • Agreement 25001: $18,488.90 • Agreement 75001: $309,636.08 14 (Id. ¶ 16.) At the time of default, accrued and unpaid interest due and owing under the 15 Agreements is as follows: 16 • Agreement 25001: $8.63 17 • Agreement 75001: $2,468.51 18 (Id. ¶ 17.) Under the Agreements, calculated from the respective dates of defaults to the dates of 19 acceleration, accrued and unpaid interest due and owing under the Agreements is as follows:

20 • Agreement 25001: $344.76 • Agreement 75001: $9,547.96 21 (Id. ¶ 18.) 22 Defendants are obligated to pay interest on all unpaid amounts at the default interest rate 23 of 1.5% per month (18% per annum) or the maximum rate not prohibited by applicable law. 24 (Compl. ¶ 19.) The daily default rates of interest accruing since the dates of acceleration are as 25 follows: 26 • Agreement 25001: $9.24 27 • Agreement 75001: $154.82 28 (Id. ¶ 19) Under the Agreements, Defendants are obligated to pay late charges and other fees. 1 (Id. ¶ 20.) Through acceleration, late charges have accrued under the Agreements as follows:

2 • Agreement 25001: $766.69 • Agreement 75001: $3,410.34 3 (Id. ¶ 21.) Through acceleration, other fees, including but not limited to return item fees, have 4 accrued under the Agreements as follows: 5 • Agreement 25001: $50.00 6 • Agreement 75001: $50.00 7 (Id. ¶ 22.) 8 By letters dated September 10, 2024, Plaintiff notified Defendants of their defaults under 9 the Agreements, and of Plaintiff’s election to accelerate the loans evidenced by the Agreements. 10 In addition, Plaintiff demanded that Defendants pay the amounts due under the Agreements and 11 surrender the vehicles. (Compl. ¶ 25; Doc. 1, Ex. 5.) Despite demand, Defendants have failed 12 and refused to pay the amounts due and owing under the Agreements and Guaranties. (Compl. ¶ 13 26.) 14 Under the Agreements, Plaintiff has the right to enter any premises and take possession of 15 the Vehicles. (Compl. ¶ 27.) As of the filing of the lawsuit, the collateral vehicles remained in 16 Defendants’ possession or control. (Id. ¶ 28.) 17 Plaintiff initiated this action on September 19, 2024, asserting causes of action for 18 injunctive relief, specific performance, claim and delivery, and breach of contract against 19 Defendants. Plaintiff served Defendant Lala Trucking with the summons and complaint by 20 substituted service at a “home” located at “3660 W. San Jose Avenue, Apt. #216, Fresno, CA 21 93711,” by leaving a copy of the summons and complaint with John Doe, an employee/person 22 apparently in charge, on October 1, 2024. (Doc. 6.) Thereafter, a copy of the summons and 23 complaint were mailed to Defendant Lala Trucking at the same address on October 2, 2024. (Id.) 24 Similarly, Defendant Singh was served by substituted service on the same date at the same 25 address by also leaving a copy of the summons and complaint with John Doe. A copy of the 26 summons and complaint were mailed to Defendant Singh on October 2, 2024. (Doc. 7.) 27 Defendants did not respond to the complaint, and on November 5, 2024, Plaintiff filed a 28 request for entry of default. (Doc. 8.) On the same day, the Clerk of the Court entered default 1 against Defendants Lala Trucking and Varinder Singh. (Doc. 9.) 2 On December 31, 2024, Plaintiff filed the instant motion for default judgment. (Doc. 10.) 3 Plaintiff requests default judgment in the total amount of $364,738.19, which includes a request 4 for attorney’s fees in the amount of $3,672.50, court costs of $556.84, and repossession costs of 5 $2,120.00, less any net proceeds received from the sale of the collateral vehicles. Plaintiff also 6 seeks immediate possession of the following unrecovered collateral vehicles: 7 25001 Vehicle

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BMO Bank N.A. v. Lala Trucking Inc, Counsel Stack Legal Research, https://law.counselstack.com/opinion/bmo-bank-na-v-lala-trucking-inc-caed-2025.